Construction Company Bookkeeping For Contractors All Across The USA Including Alaska And Hawaii

Improving Client Relationships With CRM In The Construction Industry

Posted by Sharie DeHart on Fri, Nov 15, 2019

Many complex moving parts are involved in operating a profitable construction company, but at its core, business success hinges on just one thing: customer relationships.

This is why Customer Relationship Management software is vital for contractors who want to grow their business.

A CRM solution helps your construction company nurture and improve client relationships by maintaining centralized data on all your leads and existing clients. With access to a history of customer transactions and communications, your team can make their next move with confidence while offering highly personalized customer service.

Construction business owners know that to find a loyal client base, they have to stand out from their competitors. One of the best and easiest ways to do that is to have outstanding customer service. How you treat your customers reflects your entire business. People think positively about companies that treat their customers and clients well.

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Topics: Contractor Challenges, Contractor, Contractor Tips, Contractor Operating Tips, Construction Productivity

Inbox Productivity - Email Management For Your Construction Company

Posted by Sharie DeHart on Fri, Nov 08, 2019

Be honest: is email helping or harming your construction business?

Remember when email was new and novel, and everyone thought it would vastly improve communication while freeing up time? It did improve communication - especially in the construction industry, where you have a team working on the field and in the office - on some levels, and freed up employee time at first. Now, however, email has become a productivity killer.

Construction business owners and workers have to wade through hundreds of emails in their inbox each day. Many contractors working on-site, choose to deal with email as it comes in rather than all at once. This takes the focus off their work and makes it difficult to concentrate on their tasks.

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Topics: Contractor Challenges, Contractor, Contractor Tips, Contractor Operating Tips, Construction Productivity

Proven Tax Reducing Opportunities For Your Construction Company

Posted by Randal DeHart on Fri, May 10, 2019

Accounting has two sides:

Internal Accounting (Management Accounting) - for making money. Its purpose is to help you operate and grow your business profitability.

External Accounting (Tax Accounting) - for paying taxes. Its purpose is to prepare tax forms, report your income, and make sure you pay your fair share of taxes.

Understanding the difference will impact your company's financial health and wealth. Both groups of accountants must know the relationship between your internal bookkeeping and the Internal Revenue Service, and the importance of paying the right amount of taxes. There are a lot of professional bookkeepers, accountants, and tax preparers and they all serve a different role in your business.

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Topics: Contractor Sucess, Contractor Tips, Contractor Operating Tips, Construction Productivity

Construction Company Technology Practices To Reduce Financial Management Cost

Posted by Randal DeHart on Fri, May 03, 2019

There is a thread of success weaved into the fabric of the most successful, wealthiest, consistently most profitable house builders, general contractors, residential remodel contractors, flipper house contractors, commercial tenant improvement contractors, sub-contractors, specialty contractors, handyman, architects and designers and over 100 other types of contractors and construction-related companies - they adapt to a continually changing environment.

Everything in the Universe is in balance, and parts of it are easy to see and understand and some parts are hidden in plain sight and require some effort to see and understand. Your ability to look beyond the initial statement and understand the hidden meaning why successful contractors adapt to change to survive and thrive will serve you well. The truth is the most successful, wealthy, highly profitable construction contractors don't like change.

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Topics: Contractor Sucess, Contractor Tips, Contractor Operating Tips, Construction Productivity

Job Costing For Small Construction Companies - The Key To Profitability

Posted by Randal DeHart on Fri, Apr 26, 2019

Job Costing, in its simplest terms, links the money you spent on a job against the money you received to do a particular job. It is the process of tracking all the costs related to a project to determine its profitability.

A common misconception is that Job Costing is only for large contractors with a dozen employees. Since keeping track of all costs and expenses involves a lot of additional work for contractors and field workers, and most construction company owners do not see an immediate benefit, some contracting businesses still haven’t implemented Job Costing procedures despite the financial risks.

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Topics: Job Costing, Job Costing Reports,, Contractor Sucess, Contractor Tips, Contractor Operating Tips, Construction Productivity

Improving Productivity Solution That Works

Posted by Randal DeHart on Tue, Apr 23, 2019

Our winning strategy talks about Marketing as the foundation, Accounting as the center of your construction business, and Production where the rubber meets the road, or if you please, this is where all the planning and support structure pays off.

Some contractors and construction company owners believe in maximizing production by driving everyone from the laborers to the Project Managers to work harder, longer, faster, hustle and run. And if they are giving less than 110% to the company they are not doing enough. You may have different opinions on this but one thing I've learned from experience is that construction meeting process increases productivity.

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Topics: Contractor Sucess, Contractor Tips, Contractor Operating Tips, Construction Productivity