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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    The Answer To Your Construction Bookkeeping Chaos

    Posted by Sharie DeHart on Fri, Mar 05, 2021

    Making decisions never ends for contractors like you. Being adaptable is one of the basics of good decision-making skills.

    Think of decision-making as being in a bumper car. You are continually driving and trying to avoid the other bumper cars. Suppose you hit one you back up and go again (reminder this is the only safe place to hit other vehicles). The rest of the time, life as a contractor feels more like the Indy 500. You are driving as fast as you can, passing other cars, making pit stops, and scrambling to make it to the finish line.

    Translate this to a typical daily life of a construction contractor:

    • The paperwork, processes, and decision-making are never-ending
    • The concept of time is all about 10 minutes
    • Your coffee brews in less than 10 minutes
    • Take a shower in less than 10 minutes
    • Load the dishwasher in 10 minutes
    • Take out the trash in less than 5 minutes
    • Read your email in less than 5 minutes
    • Decide what bills to pay in less than 5 minutes
    Read More

    Topics: Ten Minutes A Day To Increased Construction Profit, The Contractors Account, Construction Bookkeeping And Accounting, Systems And Processes, Contractor Tips

    Contractor Bookkeeping In Ten Minutes A Day Using QuickBooks

    Posted by Sharie DeHart on Fri, Jan 15, 2021

    Each contractor type has unique construction accounting needs, which means if the QuickBooks process is custom-fitted to each construction company's needs, it is a beautiful thing.

    We have listened as our contractor clients have described to fellow contractors how "fast and easy QuickBooks is and what wonderful reports it generates," while the other contractor will tell in no uncertain terms what a piece of junk it is. The difference is in the QuickBooks set up. Two woodsmen will cut and stack vastly different firewood piles in a day if one uses a chainsaw as it was intended and the other uses it as a cross-cut saw. Same tool, different result!

    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.

    Read More

    Topics: Ten Minutes A Day To Increased Construction Profit, The Contractors Account, Construction Bookkeeping And Accounting, Systems And Processes, Contractor Tips

    What Is Ten Minutes Costing Your Construction Company?

    Posted by Randal DeHart on Fri, Jan 19, 2018

    Two Construction Companies do similar work for the similar customers using similar labor, materials, and subcontractors yet Company "A" earns twice the profits over Company "B."

    Inside Company "B" Ten Minutes Of Waste Is Killing Their Profits!

    It Is The Little Leaks That Sink The Big Ship!

     

    Read More

    Topics: Ten Minutes A Day To Increased Construction Profit

    Ten Minutes A Day To Increased Construction Company Profits

    Posted by Randal DeHart on Wed, Feb 20, 2013

    Two construction companies, Company A and Company B, can do similar work for the similar customers using similar labor, materials and subcontractors yet Company A will earn twice the bottom line profits over Company B.

    Read More

    Topics: Ten Minutes A Day To Increased Construction Profit

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