Accounting Has Two Sides
Internal Accounting Is For Making Money
External Accounting Is For Paying Taxes
Understanding The Difference Will Impact Your Business Financial Health And Wealth
Both Groups Of Accountants - Know about the relationship between QuickBooks and the Internal Revenue Service, IRS and the importance of paying the right amount of taxes. Read More...
There Are A Lot - Of professional bookkeepers, accountants and tax preparers and they all serve a different role in your business.
Even Bad Bookkeepers - Can serve a function by leading a construction business to the brink of disaster because sometimes that is what it takes for a contractor to sharpen their focus.
Imagine You Have - A really great sledge hammer that gets a lot of work done fast. When you need to hang a bunch of drywall do you reach for that sledgehammer? No way!
Imagine That You Have - A highly skilled design professional on your team. This person has an "eye" for coordinating colors and layout in your construction project and they are so good at it you decide to have them install all the large beams on your construction project. Not going to happen is it?
I Never Met A Tax Preparer - That did it on purpose; in every case it was as Stephen Hawking said "The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."
In Project Management - We refer to it as the "Halo Effect". When someone is skilled in a particular industry it is automatically assumed they can do anything in that field.
Construction Accounting - Is as different from mainstream accounting as a backhoe is different from garden shovel. And we know what happens when someone who is only ever used a garden shovel starts operating a backhoe! It is a very costly accident looking for a place to happen!
Construction Accountants - Should stay out of preparing and filing annual tax returns for the same reasons. We don't do it every day and we don't keep up on the every changing tax code.
Either Be A Tax Accountant - And serve the interests of the tax collection agencies or be a construction accountant and serve the interests of contractors. Pick one and get good at it!
We Have Mastered Construction Accounting - So we know what to look for and very quickly we know if someone has the skillsets we need and we proceed accordingly.
I Hope Nobody Is Offended - If so, you have my apologies. We are in the middle of another "Ground Hog Day" season when business owners bring us QuickBooks files that their tax preparer setup wrong or worse yet, have been attempting to do construction accounting.
The Fact Is - We love fixing nasty, knotted up, tangled, out-of-control QuickBooks files and showing contractors how to read the QuickBooks Reports and start having fun and making money! We have the most fun job in accounting there is: serving the greatest industry on earth, construction!
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
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Need Help Now?
Call Sharie 206-361-3950
Don't forget, you can hire our services at FastEasyAccounting.com