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    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

    Construction Payment Issues Highlight Need for Accounting

    Posted by Jonny Finity on Tue, Oct 29, 2019

    Today's Guest Article Is From Jonny Finity

    In the construction industry, cash is the lifeblood of every business — and accountants are the heartbeat. They keep cash flowing to the parts of a project or business that need it most. A new survey report released this week from Levelset and TSheets by Quickbooks shines a light on why accounting for a construction business is far more complicated than most other industries. 

    The 2019 Construction Payment Report surveyed over 500 construction professionals to uncover current payment trends in construction, and we’re breaking down what this means for accountants in the industry. 

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    Topics: Construction Accounting, Contractors Accounting Office, Contractor, Contractor Operating Tips, payment issues

    Why Track The Construction Company Owner's Time On Jobs

    Posted by Sharie DeHart on Tue, Oct 15, 2019

    As a construction company owner, you are getting paid, paying someone, or both. Contracting is all about money and taxes. With your job being not only physically demanding but also mentally draining, have you considered valuing your efforts? I understand how challenging it is for you to keep tabs on your employee's schedule, but make sure you also track yours.
     
    The primary reason to track Owner's Time On Jobs is to have a more accurate Job Costing Reports. You need to know how much money each job is making or losing. As an employer, you need to adopt the use of a time tracking software to assure accountability and improve productivity in the workplace.
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    Topics: Payroll Processing, Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips, Payroll For Construction Contractors

    Contractor Bookkeeping Using QuickBooks In Just Ten Minutes A Day

    Posted by Sharie DeHart on Tue, Sep 24, 2019

    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.
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    Topics: QuickBooks Training Online, Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips, Construction Books

    Why High Demand Doesn't Always Equal To High Profit In Construction

    Posted by Randal DeHart on Fri, Sep 20, 2019

    The business cycle operates like ocean waves that cause a lot of construction business to go out in a year or two. Some grew too fast without reliable financial reporting tools and proper guidance.
     
    As you may know, there is an expansion and contraction Isoquant that occurs in all businesses. For construction companies, it is accelerated because of the enormous risks in project work. The changes in demand for Labor, Material, Other Costs, Subcontractors can occur almost overnight which often causes a financial death spiral, and the contractor does not know they are in trouble before it is too late.
     
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    Topics: Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips

    Construction Company Cash Flow Management System

    Posted by Randal DeHart on Tue, Sep 17, 2019

    A wise business owner once said, "Happiness is positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.

    A cash crisis can be emotionally devastating, and it can even kill your business. If you've ever had to beg, borrow, and steal to cover tomorrows payroll you know what I mean.

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    Topics: Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips

    What Every Contractor Needs To Know About Payroll Processing

    Posted by Sharie DeHart on Fri, Sep 13, 2019

    When it comes to paying employees, laws and the IRS, have made the payroll function a time-consuming nightmare for the small business owner.
     
    Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
     
    Getting time cards input into QuickBooks and processing payroll can be a big hassle for your construction company.
     
    • Employee advances and loans that you forget to deduct can drain away your entire profit.
    • Timecards come in late causing payroll to be under enormous pressure to meet direct deposit deadlines.
    • Tracking employee bonuses, reimbursements and garnishments take time and money and can cost your company some serious fines, penalties, and lost productivity if not handled correctly.

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    Topics: Payroll Processing, Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips, Payroll For Construction Contractors

    Fast And Easy Contractor Networking

    Posted by Randal DeHart on Fri, Aug 30, 2019

    Profitable contractors attend networking events not because they have nothing better to do; they do it because it pays off. You can either spend hours doing office tasks like bookkeeping or getting face to face with someone who may need your services. Meeting people gives you the chance to build and develop relationships, hire you, or refer you to someone who might.

    Most of our contractor clients work alone or with a small team, making connections vital and refreshing to meet other professionals doing similar work.

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    Topics: Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips

    10 Best Tools For Your Construction Business: Make Your Process Easier

    Posted by Mary Hunter on Tue, Aug 27, 2019

    Today's Guest Article Is From Mary Hunter

    As construction business owners, you probably wondered how to make your work more productive without being tied to a computer when you're off the field. How to organize your workflow and be as efficient as possible?

    Almost every modern person has applications useful for life in his arsenal. Now a huge number of great free tools that will suit both startups and businesses is available. There are many free and paid tools. If you are just at the start, then you can use the free versions to minimize your costs. Ignoring the use of useful tools is not reasonable. After all, many of them will streamline your business processes. Let's look at the ten most popular programs and offers!

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    Topics: Contractor, Project Management, Contractor Operating Tips, Project Management For Construction

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