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Using Financial Reconciliation To Keep Your Construction Business On Track

Posted by Sharie DeHart on Fri, Apr 14, 2023

As a small business owner, you're likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting invoices (although those are also important). It involves regularly checking your financial situation to ensure your accounts are in order, your records are up-to-date, and you're spending within your budget.

Among those activities, financial reconciliation is vital in keeping your finances and business on track. Force reconciliations can cause your net income to be over or understated, which means you pay too much in taxes now or too little now and the rest later with penalties and interest because the IRS can ask for a copy of your bookkeeping record. 

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Topics: QuickBooks For Contractors Financial Reports, Contractor Tips, financial fraud, Financial Reconciliation

How To Win Your Clients Back And The Secrets To Getting The Best Projects

Posted by Sharie DeHart on Fri, Mar 11, 2022

Construction company owners - predominantly service-based businesses with monthly or yearly client subscriptions, likely deal with some level of customer churn, especially given the COVID-19 pandemic. Even customers who love your business and services may have lapsed for various reasons. 
 
Whatever their reasons for leaving, it's still a great idea to win them back. Why? This is mainly because winning back a lost client still has a higher success rate than converting a prospect into a customer. After all, they've already hired your service once, so you don't have to convince them of the need. And you don't need to build brand awareness; they already know you exist. 
 
Even if you can't win everyone back, those yo u can bring back to your business will affect your bottom line–and will do so at less expensive overall. 
 
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Topics: QuickBooks For Contractors Financial Reports, Profit and Growth Strategies For Contractors, Contractor Guidance, contractor delegation

Contractors Extraordinary Financial Reporting Needs

Posted by Randal DeHart on Wed, Jul 17, 2013

Construction Financial Reports You Can Understand

And Have When And Where You Need Them!

QuickBooks contractor Financial Reports such as Profit and Loss, Balance Sheet, Cash, Receivables, Payables, Job Costing Reports and Job Profitability Reports are a mystery to most contractors. Unless you have invested years in learning how to read them and really understand the coded messages hidden in plain sight reading them can literally make you take a nap.

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Topics: QuickBooks For Contractors Financial Reports, QuickBooks Contractors Financial Reports

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