This is a bit off topic for construction accounting; however, it may be of value to you as a contractor to know that every contractor has challenges and the more successful you become the more challenges and "Character Building Moments" you will have.
This is a true story and it happened to me back in the late 1990's while owning and operating a small Plumbing Service and Repair company with 27 employees and 7 trucks....it is funny now....but not at the time...
Read MoreTopics: Contractors Need Help
Topics: Construction Company, Construction Psychology, Business Consultants, Contractors, construction company strategy
Is efficient bookkeeping difficult to achieve? Is your construction company underutilizing software? Do you have lack of confidence in your QuickBooks financial and Job Costing Reports?
Are you babysitting your bookkeeper who is supposed to be saving you time and money, not causing you to multitask instead of focusing on things that make you money?
Are you a $100 an hour producer being slowed down by a $15 hour bookkeeper who has to be told what to do over, and over and over?
Read MoreTopics: Contractors Bookkeeping, Contractors Bookkeeping Services, Outsourced bookkeeping, QuickBooks Setup
In an attempt to save money, the cheap contractor does the following and ends up spending the most money and earning a tiny profit because they believe in Maximizing over Optimizing. In the short run Maximizing can payoff; however, in the long run it never does.
This article is a bit strong and it could offend some folks. If it offends you, please accept my sincere apologies. I tend to tell it straight and not sugar coat anything because I have been involved in the construction industry most of life beginning with working in my Step Father's construction company after school in the mid 1960's.
Read MoreTopics: Outsourced Bookkeeping Services, Contractor Breakeven Analysis
We seek to change that for as many contractors as possible in the short time we have left. Everyday good solid, hardworking, well intentioned contractors are going out of business or barely scrapping by and that has too end here and now!
Topics: Contractors Bookkeeping Services, contractor success secrets
Downloading from the bank is easy and saves time; however, it does not allocate the transactions for accurate Job Costing Reports. The two main reasons highly profitable construction contractors use Job Costing Reports:
Topics: bank downloads, Bank feeds
Money doesn't grow on trees; it grows inside your properly setup QuickBooks file that is maintained by people who understand construction accounting. All you have to do is follow the Contractors Success M.A.P. and in due time you can become wealthy. This article is going to cover one of the secrets we share with consulting clients known as The Cost Library.
Read MoreTopics: QuickBooks Setup
It is late on a Friday night almost 11:00PM and I was inspired to write one last article before the week is over and I trust someone, somewhere will get value from it and maybe a bit of inspiration to keep on keeping on.
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Increasing cash flow and profits in your Construction Company is a process that can be predictable and profitable. "If you know the answers; the questions will not bother you" - Randalism.
Access Code: FEAHEROS
We Remove Contractor's Unique Paperwork Frustrations
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