When a Construction business owner is searching for the right bookkeeping service they learn to walk on egg shells and try not to offend the “Great And Powerful PooBah Accountant”
Picture this typical scene:
Construction business owner calls a bookkeeping service and is greeted by an overworked bookkeeper who is irritated because the phone rang when what they need to do is get the balance of some other clients paperwork entered into QuickBooks.
The construction business owners tries to explain what they need; however, the person on the other end of the phone who does not understand construction or construction bookkeeping and accounting begins making silly assumptions or asking ridiculous questions and in short order the contractor gives up and hangs up.
Our professional bookkeepers do not answer the phone. Sharie, our dedicated staff person experienced in construction businesses and a deep background in construction bookkeeping and accounting. When you call we do our best to listen to what you have to say and thoroughly understand your situation and you can take your time to explain your concerns and frustrations.
We are process driven which means we have a system in place to make the transition as smooth as possible. Step one in downloading our get started guide below
Most new clients QuickBooks file is a bit messy…in some cases it is a train wreck and it needs to be cleaned up and repaired so that you as the business owner can begin to get the reports you need to generate more money to operate and grow your business.
What if I said there are is a gold mine full of different size nuggets waiting for you to discover them and cash in…would you be interested? Of course you are! A smooth running QuickBooks file properly setup and repaired will generate the reports you need. With a bit of training you will see instantly where you can save money and make more new money.
We have worked with many construction companies and in a very short time we have found enough money between savings and increasing revenues to more than pay for our services.
The 80/20 rule says 80% of your profits come from 20% of your customers. These customers generally do not need much attention and do not give you any grief and we can help you find them using your QuickBooks reports.
Yet most contractors spend most of their time, money and effort on the bottom 80% of their customers that generate 20% of their profits.
They do it because the bottom feeders, low price, you need to “sharpen your pencil”, give me a good deal on this job and I have a hundred more just like it customers are the “squeaky wheels”. The contractor is running around town feverously with a bucket of grease trying to quiet them down.
Many contractors have opportunities to invest money wisely and get up to 36% annualized return on your money. Not bad in an economy where the bank pays less than 2% interest.
Here is how it works if you have a supplier that offers you a 2% discount if you pay your bill by the 10th of the month or all of it by the 30th of the month; then what they are really saying is “If you want to borrow our money for 20 days will charge you 2% interest.
Now take 360 days in a year (actually 365 ¼ but let’s make the math fast and easy) and divide it by 20 you get 360/20=18 Periods. Now 18 periods x 2% = 36% annual interest rate.
Pay the bill by the 10th and you just made 36% annualized return on your money
Once you are approved and invited to become a client the magic starts and you enter a whole new world of bookkeeping unlike anything you have ever seen or experienced.
There is a concept which I call "Leveling":
If you spend enough time around lawyers you could become a lawyer - it is called Law School
If you spend enough time around doctors you could become a doctor - it is called Medical School
If you spend enough time around wealthy people you could become wealthy - it is called being our client
Find and mentor that has been where you want to go.
For Construction Company Owners who do not need the full power of QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies. Click Here For More.
This Is One More Example of how Fast Easy Accounting is helping construction company owners all across the USA including Alaska and Hawaii 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 so stop missing out! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your 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.
Business Process Management (BPM) For Contractors
About The Author:
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. Check out our Contractor Success Map Podcast on iTunes andFollow Randal on Google+