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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    I Tried Using QuickBooks For Contractors Now I Need Professional Help

    Posted by Randal DeHart on Fri, Feb 19, 2016

    Has This Happened To You?

    Your Construction Company was a bit disorganized and there were piles of paper on the dashboard of your truck, behind the seat, on the passenger seat, on the floor, in every pocket of you coat, shirt, pants, inside your lunch box and piled high on your desk or kitchen table?

    You bought QuickBooks thinking it would solve all your paperwork issues and your contractor bookkeeping issues? Instead you found yourself in a bigger mess and deeper hole than ever because QuickBooks is anything but Quick!



    QuickBooks advertisements made it seem so simple that even a child could setup QuickBooks in less than an hour. So you thought I can do this; I can setup QuickBooks for my construction company and it will automatically sort all of the paperwork and do all of the accounting for your Contracting Company in 10 minutes a day or less.

    QuickBooks sells software to contractors a little bit like Home Depot sells material to "Weekend Warrior Homeowners" who think they can save time and money by doing construction projects themselves.

    Home Depot generates a ton of leads for contractors by putting on Home Depot Free Weekly Workshops & Home Improvement Workshops.

    Can a homeowner "Learn To Paint Like A Professional", "Get The Skills To Install A Toilet", "Learn The Skills To Install A Backsplash" or "Install A Light Fixture" in a 90 minute class? Of course not!

    Does Home Depot sell a lot of material and supplies with this brilliant marketing idea? Of course they do! What normally happens is the homeowner attends the workshop in the morning, buys the parts, goes home, tries installing them, runs into trouble and then calls you!

    The same thing happens when contractors buy QuickBooks and try setting up QuickBooks using the Easy Step Interview. You waste a lot of time, money, blood, sweat and tears and end up with a mess and you live with it until the pain becomes unbearable, then you seek professional help.

    Or worse yet you hire a Cheap Bookkeeper who thinks they know how to setup QuickBooks for Contractors. By the time you figure out they know nothing about Construction Accounting it is too late.

    They have driven your Contracting Company off the highway of success into the ditch of destruction, turned it upside down, poured gasoline on it, lighted it on fire, walked away, told everyone that you don't know how to run a business and you are left stranded on the side of the highway, eyes wide open, with tear stained cheeks watching in horror as everything you have worked for goes up in smoke!

    There Is A Better Way

    Read More

    Topics: QuickBooks Help, Outsourced Contractor Bookkeeping Services

    Ten Unique QuickBooks Abuses Are Bankrupting Your Construction Company

    Posted by Randal DeHart on Fri, Dec 26, 2014

    Construction Company Failure Is Always Preceded By Bad Bookkeeping!

    Too often contractors are lead down the primrose path into bankruptcy and business failure by relying on inaccurate, false, misleading financial and job costing reports generated from their QuickBooks file.

    Three Places Contractors Learn The True Value Of Accurate, True, And Reliable Financial And Job Costing Reports:

    1. When they get sick and tired or working long hours and getting nowhere so they hire a construction accounting firm like ours
    2. When the get a "Wake Up Call" in the form of a bookkeeper who embezzles a lot of money, a huge tax bill or some other major financial surprise
    3. When they realize it is "Game Over" they are out of money and out of places to borrow money and defer payments and heading to bankruptcy
    Read More

    Topics: QuickBooks Help, QuickBooks For Contractors Setup

    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

    Access Code: FEAHEROS

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