Topics: Contractor Bookkeeping, Contractor
You Have Ultimate Control On Who Has Or Receives
Information About Your Contracting Company
Financials statements are based on the information you provided. I know this is not a statement that any contractor wants to hear about their bookkeeping. It is easier to blame the bookkeeper for missing information. The primary keeper of all the documents is you, your spouse, your employees, your suppliers, your bank, your credit card company. The Key work is done by you, or whoever assists you have the power to give information to outsiders about your Construction Company.
Who wants details about your business?
- Internal Revenue Service
- State Revenue Agencies
- State Payroll Agencies
- Other State Agencies
- Worker’s Compensation Provider
- General Liability Insurance Provider
Depending on the report it may be monthly (sales tax, business excise tax, other state business tax reports) Quarterly reports include all payroll related forms to State and Federal (Internal Revenue). Personal story. If you have any data that you can include relating to your list, include that in your introduction, too.Read More
Topics: Contractor Bookkeeping, 80 20 Rule, Annual Tax Return
As A Contractor You Are Either Getting Paid, Paying Someone Or Both
Contracting Is All About The Money And Taxes
Which is better for you, Employees or 1099 Contractors? In the world of the State and Federal Agencies. Someone who works for you is either an Employee (on W-2) or a Subcontractor. You need to be issued 1099 at the end of the year, and you need be able to prove they are legitimate Subcontractors!
What we sometimes forget is the personal side of our life and do not realize we have employees. Nanny tax is for any household employees that you have for yourself, the obvious is the Nanny who provides childcare. It also includes a Housekeeper (unless using a licensed maid service).
Reminder from Tax Accountants is the Elder Care market. If you have an individual who is caring for an elderly parent (they are subject to Nanny tax unless you are using a licensed service.)
Do you have support people? Are they making your life easier or are they a risk to you and your Contracting Company?
Topics: Contractor Bookkeeping, Cloud Based Bookkeeping Services, Assisted Do-It-Yourself Contractor Bookkeeping
Messy Bookkeeping Happens Just A Little At A Time
When Contractors are doing their own bookkeeping, it becomes a problem that grows and grows
There is not any limits to the number of transactions that can be entered into QuickBooks improperly. Messy files build transaction by transaction or more simply put invoice by invoice, receipt by receipt all can be entered into QuickBooks improperly. There is no popup that says “This Is WRONG” – Do It Over.Read More
Topics: Contractor Bookkeeping
Contractor Bookkeeping Basics and Why
Today’s technology says “Do Everything On Your Phone”
Use an app to create an estimate, or better yet just send the estimate in the body of the email. That works when the customer’s reply is “Do It”. Great you start the job, finish the job, never send the customer an invoice; Why – They Don’t Need One – they know how much to pay from your original email because you included short explanatory paragraphs about each item of work you did.Read More
Topics: Contractor Bookkeeping, contractors bookkeeping and accounting
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.”Read More
QuickBooks Setup, QuickBooks Cleanup And Contractor Bookkeeping
Is This Happening To You?
Do you have a bad bookkeeper or a Professional Bookkeeper?
Are you getting behind on your construction bookkeeping and paperwork for your construction company?
Do you spend your evenings and weekends fighting with QuickBooks contractor to get your construction bookkeeping done?
Do you find yourself asking why is construction bookkeeping so hard?
Do you wonder if your QuickBooks setup may not be right for your construction accounting system?
Is your construction company bouncing checks because your QuickBooks contractor and your bank statements don't match?
Do you have to force reconcile the check and credit card registers every month or have you quit trying to reconcile them?
Are you are having trouble getting invoices into QuickBooks and then getting them to your customers?
Are your customers asking questions about your invoices and in some cases do they refuse to pay you until you provide them with an Invoice that makes sense to them?
Are some of your customers who owe you money not paying because they are waiting for your Invoice?
Does your tax preparer refuse to prepare your annual or quarterly tax return because you need a QuickBooks cleanup?
Do you know for sure how much you owe your vendors and suppliers?
Do you reconcile your supplier and vendor statement to make sure they are not over-billing you?
Do you need a performance bond and the underwriter is asking for Financial Statements?
Is QuickBooks is a jumbled, mixed up, fouled up and knotted up mess that appears hopeless?
Did you hire a Bad Bookkeeper who said they could do a QuickBooks clean up and you are still waiting for it to be done?
Do you need an bookkeeping to do a fast QuickBooks cleanup?
Do you know with outsourced bookkeeping services and a QuickBooks expert you can pick and choose what you do and what we do?
Did you know you with outsourced bookkeeping and a QuickBooks expert you can have your QuickBooks clean up done once a month, once a quarter or once a year?
Did you know our QuickBooks expert in outsourced bookkeeping can tailor an outsourced bookkeeping program to fit your construction bookkeeping needs?
Our Outsourced bookkeeping services fits you like a comfortable pair of shoes. Not to tight, not too loose, just right!
Are you one of the thousands of contractors who attended a QuickBooks for contractors class thinking it would be taught by a QuickBooks expert and discovered the instructor knew nothing about QuickBooks for Contractors let alone construction bookkeeping and QuickBooks clean up?
We have a system for cleaning up QuickBooks that is Fast And Easy! Put all your paper in a box, crate, shipping container, whatever it takes and bring it to us! We know what to do! For more information read this short article What Paperwork Do We Want?
Your construction bookkeeping paperwork has already been over handled and since we do not have any emotional attachment to it our outsourced bookkeeping services for contractors can do the same work for at least 40% faster which saves you time and money!
Profitable Construction - Companies have known about the value of outsourced bookkeeping services and having a QuickBooks expert in QuickBooks clean up for a long time and now you know about it too!
Fill Out The Form And Get The Help You Need!
This Is Only The Tip - Of the Iceberg. Everything we publish in our blog posts, articles in other websites, and anything you can find on the web is nothing compared to what is available to you as our client. We show only the basic tools to open your mind to the possibilities that are available to you. The best finish carpentry tools in the hands of a golf professional without proper carpentry training will not produce anything near to what a skilled finish carpenter can. The same can be said about the best construction business consulting and accounting tools in the hands of a skilled finish carpenter. And I say that with respect and admiration for everyone in construction.
When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in you QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.
If You Are A Contractor You Deserve To
Be Wealthy Because You Bring Value
To Other People's Lives!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or firstname.lastname@example.org and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
Thinking About Outsourcing Your
Contractors Bookkeeping Services?
Click On The Button Below To
Download A Free Guide
Need Help Now?
Call Sharie 206-361-3950
Xero Outsourced Construction Accounting Services
QuickBooks Outsourced Construction Bookkeeping Services
We Are Construction Accounting Experts Specializing In Construction Bookkeeping Services For Contractors All Across The USA Including Alaska And Hawaii
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Follow Randal on Google+
Topics: QuickBooks Cleanup, Contractor Bookkeeping, QuickBooks Setup