Topics: Construction Bookkeeping And Accounting, Systems And Processes, Contractor Cash Flow Problems, Construction Company Cash Flow, Contractor Tips
Still Doing Your Payroll?
If you don't have a finance background, you'll likely spend a substantial amount of time calculating employees' work hours, computing for taxes and other deductions, creating payslips, processing, and filing.
Even if you have a bit of a bookkeeping background, are you sure you want to spend your precious time doing these tasks instead of focusing on your construction business's core aspects?
Topics: Payroll Processing, The Contractors Account, Payroll Options, Construction Bookkeeping And Accounting, Systems And Processes, Contractor Tips, Payroll For Construction Contractors
Making decisions never ends for contractors like you. Being adaptable is one of the basics of good decision-making skills.
Think of decision-making as being in a bumper car. You are continually driving and trying to avoid the other bumper cars. Suppose you hit one you back up and go again (reminder this is the only safe place to hit other vehicles). The rest of the time, life as a contractor feels more like the Indy 500. You are driving as fast as you can, passing other cars, making pit stops, and scrambling to make it to the finish line.
Translate this to a typical daily life of a construction contractor:
Topics: Ten Minutes A Day To Increased Construction Profit, The Contractors Account, Construction Bookkeeping And Accounting, Systems And Processes, Contractor Tips
Each contractor type has unique construction accounting needs, which means if the QuickBooks process is custom-fitted to each construction company's needs, it is a beautiful thing.
We have listened as our contractor clients have described to fellow contractors how "fast and easy QuickBooks is and what wonderful reports it generates," while the other contractor will tell in no uncertain terms what a piece of junk it is. The difference is in the QuickBooks set up. Two woodsmen will cut and stack vastly different firewood piles in a day if one uses a chainsaw as it was intended and the other uses it as a cross-cut saw. Same tool, different result!
QuickBooks users are generally not stumped by the software; they are confused by the accounting information necessary to complete the transactions. Quick access to correct information is essential to maintain the accuracy of your financial records.
There are no limits to the number of items that can be entered into QuickBooks improperly. Messy files build transaction by transaction or merely put invoice by invoice, receipt by receipt can all be entered into QuickBooks incorrectly. No pop-up will say, "This Is WRONG" – Do It Over.
Read MoreTopics: Ten Minutes A Day To Increased Construction Profit, The Contractors Account, Construction Bookkeeping And Accounting, Systems And Processes, Contractor Tips
Number 1 Frustration is discovering the contractor knows more about Construction Bookkeeping And Accounting than the bookkeeper they hired to do the job. Contractors end up trying to teach The Bookkeeper to do the job thinking every little bit helps.
Number 2 Frustration is the Construction Bookkeeper asks “Is that part of my job description?”
Number 3 Frustration is the Construction Bookkeeper will “Go beyond their duties and authority."
Do You Ever Sit And Stare - At QuickBooks on your computer screen and asked yourselft how can a program that is supposed to be so easy get off track so fast?
Topics: Construction Bookkeeping And Accounting, QuickBooks, MAP vs. PAM, contractors bookkeeping and accounting, Million Dollar Conversations
Topics: Bad Bookkeepers, Bookkeeper Embezzlement, Bookkeeping Services, QuickBooks For Contractors, Professional bookkeeping, Construction Bookkeeping And Accounting, contractors bookkeeping and accounting
When Contractors Ask - Which payroll option we recommend we usually say Direct Deposit. The reasons are simple and as usual related to our primary role as "Profit And Growth Specialists For Contractors" and our Primary Mission which is helping you, the men and women of the greatest industry on earth, construction industry to achieve your definition of success. You deserve to be wealthy because you add value to other people's lives.
Topics: fully burdened labor costs for construction worker, Payroll Options, QuickBooks For Contractors, Construction Bookkeeping And Accounting, Business Process Management For Contractors
Our site has a variety of popular reports not available in QuickBooks that construction companies find useful. You have said it would be nice to have them all in one place to make it easier to sort through and find the particular ones you want.
Topics: QuickBooks Construction Reports, QuickBooks For Contractors, Construction Bookkeeping And Accounting, QuickBooks, contractors bookkeeping and accounting, Reports
Our site has a variety of QuickBooks reports that construction companies find useful. You have said it would be nice to have them all in one place to make it easier to sort through and find the particular ones you want.
Topics: QuickBooks Construction Reports, Construction Bookkeeping And Accounting, QuickBooks Reports
Access Code: FEAHEROS
We Remove Contractor's Unique Paperwork Frustrations
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