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    Construction Payment Issues Highlight Need for Accounting

    Posted by Jonny Finity on Tue, Oct 29, 2019

    Today's Guest Article Is From Jonny Finity

    In the construction industry, cash is the lifeblood of every business — and accountants are the heartbeat. They keep cash flowing to the parts of a project or business that need it most. A new survey report released this week from Levelset and TSheets by Quickbooks shines a light on why accounting for a construction business is far more complicated than most other industries. 

    The 2019 Construction Payment Report surveyed over 500 construction professionals to uncover current payment trends in construction, and we’re breaking down what this means for accountants in the industry. 

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    Topics: Construction Accounting, Contractors Accounting Office, Contractor, Contractor Operating Tips, payment issues

    Accounting Software Tips When Starting A Small Construction Business

    Posted by Lilian Chifley on Tue, Oct 08, 2019


    Today's Guest Article Is From Lilian Chifley

    As a new construction business owner, keeping your financials in order should be one of your top priorities. Tracking revenues, checking profits, or carefully reviewing your expenses are all necessary steps to building a reliable and responsible financial record. If you have a staff, you will be increasingly tempted to delegate this task to your accounting department; in the end, it’s their job to keep the company well grounded.

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    Topics: Construction Accounting, QuickBooks Construction Accounting, Accounting Software,

    Contractors Need Bookkeeping Beyond Get-Me-By

    Posted by Sharie DeHart on Fri, Nov 18, 2016

    Picking A Get Me By Contractor’s Bookkeeping Solution in many cases is using an Excel Spreadsheet and a shoebox, file folders all dumped into a file box and looking at the Online Banking once in a while. This accounting method is the “I still got money so I must be okay.”

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    Topics: Contractor Bookkeeping, Construction Accounting

    Unique Tips To Avoid Bookkeepers Who Will Destroy Your Construction Company

    Posted by Randal DeHart on Fri, Sep 30, 2016

    This article was written in late September 2016 in response to a trend we see all across the USA including Alaska and Hawaii. It is likely happening everywhere in the world.

    When the world economy collapsed beginning in 2008, a lot of companies went out of business, and one of the hardest hit sectors was construction. Thousands of bookkeepers were suddenly out of a job, and many of them began to freelance taking on a few clients in order to pay rent and keep food on the table.

    As the economy continues to improve a lot of them are finding jobs with contractors like you because of the security that comes with having a stable income. The problem is they have been accustomed to having lots of free time during office hours to chat on their cell phones, surf the web, spend time on Facebook and other social media sites; not buckling down and getting work done, right and on time.

    In addition, most of them have not kept up with the advances in Construction Accounting Technology let alone keeping the construction bookkeeping skills updated.

    What happens when he or she realizes they were earning $30 an hour as a freelance bookkeeper and now they are slaving away in your cramped office with no snacks, beverages, using outdated hardware and software for $10 an hour?

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    Topics: Bad Bookkeepers, Bookkeeper Embezzlement, Construction Accounting, Contractor Bookkeeper Embezzlement

    Are You Trying to Find a Bookkeeper for Your Contractor Company?

    Posted by Randal DeHart on Fri, Aug 19, 2016

    Construction Contractors Have Experienced The Worst Economic Times In The Past 100 Years And Now That You Are Getting Busy You Cannot Find A Decent Reliable Bookkeeper

    Four Things Contractors Are Saying About Bookkeepers:

    #1 I've been trying to hire a bookkeeper for my contracting company for a while and none of them are worth a darn!

    #2 I Tell Them "Your Job Is Make QuickBooks Give Me Reports I Need To Make Informed Business Decisions!"

    #3 I've hired four of them in the past few years and none of them have a clue about what I do as a contractor!

    #4 I am getting ready to hire bookkeeper number five, and I just can't take it anymore, and I am near meltdown!

    The Next Set Of Problems Is Related To Cash Flow

    Read More

    Topics: Construction Accounting, Bookkeeper, Construction Bookkeeper Hiring Guide

    Why Construction Accountant Is The Best Bookkeeper For Your Construction Company

    Posted by Sharie DeHart on Fri, Jul 29, 2016

    Experts Have Increased Knowledge And Skills. This is true whether you are talking about general bookkeeping, tax accountants, your mechanic, your doctor or other business professionals.

    Read More

    Topics: Contractor Bookkeeping Services, Construction Accounting

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