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Essential Bookkeeping Practices For Construction Start-Ups

Posted by Sharie DeHart on Fri, Oct 27, 2023

Starting a new construction business is exciting but has its fair share of responsibilities. One of the most critical responsibilities is maintaining accurate records of your business transactions. From saving receipts to processing employee payroll, every money-related detail should be documented. It's not just about keeping things tidy; it's about understanding the financial health of your business and meeting all your tax obligations.
 
Don't underestimate the basics
 
Some small businesses continue to rely on traditional systems, like pen, paper, and a trusty shoebox. Although it may seem outdated, this method can work well for businesses with few transactions. These businesses might not have the latest payment technology and could be invoicing customers or receiving immediate cash or cheque payments. In such cases, they must maintain a record of all receipts, past, present, and future jobs, and a log of their customers and transactions.
 
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Topics: Restarting Contractors, Start Construction Company, Growth Coach, Contractor Startup, Construction Company Startup Tips, Grow Your Construction Business

Starting And Operating A Small Construction Business On Limited Funds

Posted by Sharie DeHart on Fri, Jan 20, 2023

So you have a great business idea and are convinced you can make it work, but you don't have much capital to get your business off the ground. Juggling existing financial commitments such as a mortgage or bank loan could put a squeeze on your business plans. Many entrepreneurs use creative thinking and shrewd planning to get businesses off the ground with the smallest budgets.

Freelancers in all industries deal with the same problems due to the nature of their work. Most of you came from the skilled craftsman trades; some worked as construction company managers and have now started or thought of starting your business.
 
If you just did, congratulations, you have decided to own and operate a construction company. Practically, solo contractors manage every aspect of their business, but we are here to help you navigate it. Here are the things you need to consider (especially when you are on a limited budget) to keep it running.
 
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Topics: New Contractors, Construction Cash Flow, New Business Startup, Construction Bookkeeping And Accounting, Construction Company Startup Tips, Contractor Tips

Tips To Keep Your Construction Business Finances In Order

Posted by Sharie DeHart on Fri, Feb 23, 2018

If you’re like most small construction business owners, you spend the majority of your time managing daily operations, keeping clients happy, and looking for new ways to grow. Spreadsheets, cash flow analysis, and financial projections are probably not your first passion.

However, measuring profitability, creating realistic budgets, and planning for the future is crucial to your professional success.

 

 

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Topics: Construction Company Startup Tips, construction company strategy, finance

Unique Tips To Reduce Construction Company Start Up Stress

Posted by Randal DeHart on Fri, Jun 20, 2014

Let Us Help Reduce Construction Business Start Up Stress

We Are QuickBooks Experts Specializing In Construction Bookkeeping Services

 

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Topics: Construction Company Startup Tips

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