Cash flow and bad bookkeepers are the #1, and #2 reasons construction companies go out of business. 
Do NOT hire any Contractor Bookkeeping Service until you read this guide.

Effective January 1, 2022, W-2 employees employed in WA state will be subject to a 0.58% payroll tax on all compensation. You can either pay the tax for the rest of your working years or own a long-term care policy before October 31, 2021.

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    Why Did You Open Your Construction Contractor Company

    Posted by Sharie DeHart on Fri, Dec 15, 2017

    What is that old saying? “It Is Always Greener On The Other Side Of The Road”(author unknown)

    It is always easier to look in hindsight and think “I should have done this” or “I could have done that”

    All the advice from others about what you should of, could of, did do didn’t do is easy for the person who did not actually make any of the decisions. Some people excel at “Advising Not Actually Doing.”

    You can’t change yesterday; only do a review and think about What Can I Do Today? And How Can I have a better tomorrow? Tiny changes can make a big difference. You can FIX SOMETHING and do nothing is a decision. (Sometimes taking a pause is the right decision to make)

    The answer is Think, Plan, Do Something (Make a Plan, Work the Plan) or (Be, Do, Have)

    Read More

    Topics: Contractors Bookkeeping, Outsourced Accounting For Contractors, Do What You Do Best And Outsource The Rest

    Uniquely Highly Profitable Contractors Target High-Profit Enjoyable Clients

    Posted by Sharie DeHart on Fri, Jun 23, 2017

    Every Construction Contractor Has Clients Who Want To Help

    Part of the reason is that they want to be sure the project is moving and things are being done. Other times the goal is to hopefully save money.  

    In many cases, the most helpful thing a client can do on a project is keeping the area clean, pets under control and children out of the way. Anything other than that and you, the contractor could be at risk of losing everything you own or ever will if your client or customer is injured while working on your construction project even though it was their home or business.

    There is a reason why most automotive repair shops have a sign like the one shown below and as a construction contractor, you would be wise to have signs professionally made and use them on every construction site.

    Read More

    Topics: Do What You Do Best And Outsoure The Rest, Outsourced Accounting For Contractors

    Multiple Contracting Companies In QuickBooks Leads To Catastrophic Ruin

    Posted by Sharie DeHart on Fri, May 26, 2017

    Contractors, Bookkeepers and Tax Accountants are trying to keep everything all in one place. That is great. A single bank account on the surface is the answer in simplicity.

    Sharie’s Cash Management 101 Training I Teach Contractors Please Do Not Do This!

    Why – when putting everything in one bank account; it could be a FINANCIAL DISASTER.  
    Go to Home Depot, Lowes or any other larger store.  
    Use your debit card; Drop or lose your debit card,
    Someone finds it and buy stuff until he or she have spent all your money!
    (may be a little harder with the chip but how many places can you run your debit card as a credit card?)  

    Read More

    Topics: Outsourced Accounting For Contractors, Multiple Construction Companies In QuickBooks

    Contractors Get Better Results When QuickBooks Is Cleaned Before Filing Taxes

    Posted by Sharie DeHart on Fri, Apr 14, 2017

    Contractors who ask for help in Cleaning Up their QuickBooks File before filing taxes have better results. Because The Tax Accountant is happier because the QuickBooks file is clean and easier to work with, they will likely find more deductions which can save you money and in some cases mean the difference between success and failure in your construction company.

    • Because QuickBooks file is clean, the Tax Accountant will have fewer questions of the busy contractor.
    • Because QuickBooks file is clean, the Tax Accountant can easily find the reports needed to file the tax return
    • Because QuickBooks file is clean, the Tax Accountant can focus on saving you money

    You are the Happiest because taking a trip to the Dentist for many contractors is less painful than going to the Tax Accountant. Once a Tax Accountant is “Broke In” you hate to change them.

    Read More

    Topics: Strategic Outsourced Bookkeeping Services, Outsourced Accounting For Contractors

    Outsourced Accounting For Your Contracting Company

    Posted by Randal DeHart on Tue, Sep 11, 2012

    Answer The Ten Questions Below And You Be The Judge

    Read More

    Topics: Outsourced Accounting For Contractors

    QuickBooks Setup And Chart of Accounts For DIY Contractors
    Download Our Free App For Construction Contractors

    click to download the Contractors APP now from the App Storeclick to download the Contractors APP now from the Android store

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