Contractors, Know How Much Profit You Made On Your Last Job So You Can Earn More On The Next One 

 
 
 
 
 
 
 

At the end of a job when you deposit the final check into the bank do you look at your current balance and wonder where all the money went? Do you have enough money to operate and grow your construction company or are you giving it all away to labor, material, other costs and subcontractors?

If so, you are not alone. We have worked with many construction business owners who were struggling with job costing. The good news is there is an easy solution to your job costing challenges. You're in the exact right place to learn about solution designed especially to help you read and understand your Job Costing and Job Profitability reports without having to setup QuickBooks and generate the reports yourself.

Most Contractors with yearly sales volume over five million dollars have extensive job costing and job profitability reporting systems including comprehensive historical job cost libraries so they know how much each task cost and they use that information to know which projects to bid on and which ones to let go. As Kenny Rogers says: "You got to know when to hold 'em, know when to fold 'em, know when to walk away and know when to run."

Most Contractors with yearly sales volume under five million dollars can't afford a job costing and job profitability reporting system so they search the web looking for answers and end up with a headache from all the chaos and confusion.

Top Three Categories For Job Costing Online Search

And The Only Contractor Responses Fit To Print!

Why You Need Job Costing
  • Mastering job costing is critical to your business success and profitability

    • Hello! That is why I am searching for a solution!

  • Job costing requires a constant balancing act between profitability and competitiveness 

    • Really? Tell something I don't know!

  • It helps you know where you are making and losing money

    • Please forgive my strong language but are you Captain Obvious?

Accounting Terms

  • Be sure to accumulate your W.I.P. costs in proper asset sub-accounts

    • Can I get that in plain English please?

  • Earned value reports are for journal entries offsetting contra-accounts in over/under billing

    • Which means what exactly?

  • Separate direct costs, indirect costs, expenses and below the line other expenses

    • Yes, I want direct and indirect job costing reports, now how do I get them?

Job Costing Software

  • Spend thousands of dollars complex custom job costing software

    • Waste months in setup and never get a decent job costing report!

    • I am a contractor not a student looking to enroll in self-study classes!

  • Spend less than $300 on QuickBooks for Contractors

    • Waste weeks in setup and still can't get a decent job costing report!

    • Again, I am not a student enrolling in self-study classes!

    • Hire bookkeeper or accountant who knows nothing about construction accounting to setup QuickBooks for Contractors and make a pig's breakfast of it!

Instead How About A Job Costing And Job Profitability Reporting Service?

We can do it all for you In most cases faster and cheaper than doing it yourself or wasting time and money paying someone else to figure it out the difference between regular accounting and construction accounting. Job Costing takes years to learn and special skills to get it to work properly in QuickBooks for Contractors. I know because we invested over ten years putting it together and working out all the bugs.

We setup QuickBooks for contractors to work for your specific construction company by importing our custom QuickBooks contractor template modules. We have modules for all residential and commercial contractors including specialty contractors and handyman contractors.

We handle your contractors bookkeeping services needs and you can choose the Job Costing and Job Profitability Reports that best suits you. In addition you can upgrade or downgrade your service anytime which gives you flexibility and peace of mind about whatever option you choose now.

Account Based Job Costing And Job Profitability Reporting

Contractors working on short projects that last between one hour and two weeks and do not need Estimates vs. Actuals reports our account based Job Costing and Job Profitability option is the best value.

The Job Costing and Job Profitability Reports are based upon the direct and indirect costs codes in the Chart of Accounts module we use to use to setup your QuickBooks for Contractors file, which is based upon the type of construction your company performs.

We can automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best. We have construction accountants who can review the reports with you and answer all of your questions.

QuickBooks For Contractors desktop version is available 24/7 on a secure cloud based server if you want to interact with it and monitor the data entry and additional reports in real time.

You don't need to every open your QuickBooks for Contractors file if you prefer not too because either way we will automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best.

Our construction accountants are available to review the Job Costing and Job Profitability reports with you and answer all of your questions.

Item Based Job Costing And Job Profitability Reporting

Contractors working on longer projects like residential remodel contractors, land development contractors and spec home builders we recommend a more comprehensive Job Costing and Job Profitability Reports including estimates vs. actual reports.

This option is based upon direct and indirect costs codes in the Chart of Accounts module we use to setup QuickBooks for contractors and we include data from the Items list with or with breakouts for Labor, Material, Other and Subcontractor costs.

We have several custom Item based modules for remodeling, land development and spec home builders. If you have your own custom Items list we can put them into your QuickBooks Setup and properly code them to the Chart of Accounts.

We can automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best. We have construction accountants who can review the reports with you and answer all of your questions.

QuickBooks For Contractors desktop version is availabe 24/7 on a secure cloud based server if you want to interact with it and monitor the data entry and additional reports in real time.

You don't need to every open your QuickBooks for Contractors file if you prefer not too because either way we will automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best.

Our construction accountants are available to review the Job Costing and Job Profitability reports with you and answer all of your questions.

Schedule Of Values Based Job Costing And Job Profitability Reporting

Contractors working on longer projects like residential remodel contractors, land development contractors, spec home builders and commercial tenant improvement contractors who need a schedule of values we recommend the most comprehensive Job Costing and Job Profitability Reports including estimates vs. actual reports.

This option is based upon direct and indirect costs codes in the Chart of Accounts module we use to setup QuickBooks and we include data from the Items list, Schedule of Values with or with breakouts for Labor, Material, Other and Subcontractor costs.

If you have your own Items list and schedule of values we can put them into your QuickBooks Setup and properly code them to the Chart of Accounts.

We have several custom schedule of value modules including the CSI 16 or 50 Divisions and more. If you have your own schedule of values we can add them to your QuickBooks Setup and properly code them to the Chart of Accounts.

We can automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best. We have construction accountants who can review the reports with you and answer all of your questions.

QuickBooks For Contractors desktop version is availabe 24/7 on a secure cloud based server if you want to interact with it and monitor the data entry and additional reports in real time.

You don't need to every open your QuickBooks for Contractors file if you prefer not too because either way we will automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best.

Our construction accountants are available to review the Job Costing and Job Profitability reports with you and answer all of your questions.

W.I.P. Based Job Costing And Job Profitability Reporting

Contractors working on projects that require Work-In-Progress (W.I.P.) based reporting like land development contractors, spec home builders and special commercial tenant improvement projects who need a combination of asset based accounts and Cost of Goods Sold accounts we recommend our custom W.I.P. Job Costing and Job Profitability reports including estimates vs. actual reports.

This option is based upon direct and indirect costs codes special W.I.P. accounts in the Chart of Accounts. In the modules we use to setup QuickBooks for contractors and we include data from the Items list, Schedule of Values with or with breakouts for Labor, Material, Other and Subcontractor costs.

We have several custom schedule of value modules for W.I.P including the CSI 16 or 50 Divisions and more. If you have your own schedule of values we can add them to your QuickBooks Setup and properly code them to the Chart of Accounts.

If you have your own Items list, schedule of values and W.I.P. codes we can put them into your QuickBooks Setup and properly code them to the Chart of Accounts.

We can automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best. We have construction accountants who can review the reports with you and answer all of your questions.

Put It All Together With A Job Costing Library

Job Costing Library

 

QuickBooks For Contractors desktop version is availabe 24/7 on a secure cloud based server if you want to interact with it and monitor the data entry and additional reports in real time.

You don't need to every open your QuickBooks for Contractors file if you prefer not too because either way we will automatically generate your Job Costing and Job Profitability reports and send them to you on whatever schedule suits you best.

Our construction accountants are available to review the Job Costing and Job Profitability reports with you and answer all of your questions.

This Is Only The Tip - Of the Iceberg. Everything we publish in our blog posts, articles in other websites, and anything you can find on the web is nothing compared to what is available to you as our client. We show only the basic tools to open your mind to the possibilities that are available to you. The best finish carpentry tools in the hands of a golf professional without proper carpentry training will not produce anything near to what a skilled finish carpenter can. The same can be said about the best construction business consulting and accounting tools in the hands of a skilled finish carpenter. And I say that with respect and admiration for everyone in construction.

When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in you QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.

QuickBooks-For-Contractors-Success-System-By-Fast-Easy-Accounting-206-361-3950

If You Are A Contractor You Deserve To

Be Wealthy Because You Bring Value

To Other People's Lives!

This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.

No Charge One Hour Consultation  

Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too! 

We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.

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Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

Fast Easy Accounting Strategic Bookkeeping Services For Construction Companies

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We Are Construction Accounting Experts Specializing In Construction Bookkeeping Services For Contractors All Across The USA Including Alaska And Hawaii

About The Author:

Randal DeHart, PMP, QPA The Construction Accountant Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.

Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Follow Randal on Google+