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    Unique Contractor Bookkeeping Problems Regarding Accounts Payable

    Posted by Sharie DeHart on Fri, Sep 07, 2018


    Common Issues With Accounts Payable

    It is easy to put transactions in Accounts Payable (A/P) Aging Summary, and them forget about them. When writing a check from the checking QuickBooks does not automatically go look to see if you put something in Accounts Payable. Sometimes Accounts Payable will have transactions in Accounts Payable that do not belong there.


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    Topics: KPI, accounts receivable for contractors, Construction Bookkeeping, QuickBooks For Contractors

    Unique Contractor Bookkeeping Problems Regarding Receivables

    Posted by Sharie DeHart on Fri, Aug 03, 2018


    Challenges Of Keeping Accounts Receivable Simple And Up To Date

    Creating an invoice for the entire project seems like it is the simple way to track payments and have the current balance. The harsh reality is that if all of the work is NOT done Accounts receivable is reflecting a balance due that is NOT REAL.


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    Topics: KPI, accounts receivable for contractors, Construction Bookkeeping, QuickBooks For Contractors

    Untrained Construction Bookkeepers Are Too Costly

    Posted by Sharie DeHart on Fri, May 19, 2017


    Construction Bookkeepers Without Training Is A Common Problem

    Many Construction Bookkeepers start out as Admin Assistants and get promoted to doing the Contractor's Bookkeeping in their free time. They were not hired to be a bookkeeper but as an office person who does a little data entry.

    This method not too bad if the employee stays a long time and grows with the company from owner working solo to gradually adding a few employees one at a time because as Randal says:

    Growing By The Inch Is A Cinch; Growing By The Yard Is Hard!

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    Topics: Construction Bookkeeping, Contractors Bookkeeping Services

    Unique Bad Bookkeeper Traits Kill Contractor Profits

    Posted by Randal DeHart on Fri, Aug 28, 2015

    Bad Bookkeepers Have 38 Traits In Common

    It is important to understand the difference between Professional Bookkeepers, Regular Bookkeepers and Bad Bookkeepers.

    • Regular Bookkeepers learned most if not everything they know about bookkeeping by experience and by letting you pay for their education in the form of excess taxes, fines, penalties, un-invoiced work, overpaying bills and late fees. It is painful for them and you. They have good intentions and do not want to cause contractors any grief and they are sincere with their apologies. Of the thousands of Regular Bookkeepers I have met they all have good hearts and really do mean well.
    • Bad Bookkeepers also learned most if not everything they know about bookkeeping by experience and by letting you pay for their education in the form of excess taxes, fines, penalties, un-invoiced work, overpaying bills and late fees. It is painful for you but not for them. They have bad intentions and will cause contractors as much grief as possible and are quick to blame everyone else when something goes wrong. Of the dozens of Bad Bookkeepers I have met they all have a bad opinion of contractors and business in general.

    On to the 38 traits

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    Topics: Bad Bookkeepers, Professional Bookkeepers, Bookkeeping, Construction Bookkeeping, Bookkeeper

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