Why do some Handyman Contractors make a good living and have a solid income while the majority are struggling with cash flow, profit, and dealing with the same daily tasks until they retire or die of old age and a worn out body? Here are ten secrets you can use to make more money.

One Tiny Bit Of Knowledge High Profit Contractors

Use To Get Well Over 100% Return On Investment

They Provide Snacks And Beverages for their field workers and office staff. What you say? It costs money! How is spending money going to make me money? Perhaps you think I am crazy! Read though and pay special heed to the three Profit Enhancement Strategies near the end.

Let's Take A Look At A Typical Construction Worker Named John

Most articles about Job Costing are for large contractors with dozens of employees, doing millions of dollars in sales every year. This article is not about them it is about you!

I care deeply about all Contractors. However, since I have a limited time on this earth and it my mission to help small contractors like you become wealthy because you bring value to other people's lives!

Owners of small construction companies like you are the men and women who keep everything moving in the right direction. When the economy changes, you quickly adapt because you are a survivor, not a large giant behemoth dinosaur unable to respond quickly and dies in its tracks.

Job Costing In Its Simplest Terms

Job Costing links the money you spent on a job against the money you received to do a particular job.

In Construction Accounting, there are two types of Cost of Goods Sold (COGS) Direct Construction Costs and Indirect Construction Costs. Both are equally important to generating useful Job Costing Reports.

Starting And Building A Construction Contracting Company Is Brutal Not Just Hard!

There are a great number of "Threads Of Success Weaved Into The Fabric Of All Successful High-Profit Construction Contracting Companies" and I am going to share four of them with you.

The Four Most Important Words Your Construction Clients Say:

• "While it's open anyway...." (the walls, floors, ceiling)
• "Since we're this far..." (in the project, remodel, new house)
• "I have an idea..." (for more work to be done, change something)
• "Now my wife wants..." (more, more and more)

Highly profitable and very successful Contractors like you respond with...

There Are Three Unique Types Of Construction Workers

Construction Is A Wonderful Profession for anyone with the grit and determination to take it on and master it. And it is getting better every day in every way mostly because of the recession that began in 2008. The economic downturn put enormous pressure on all Construction Companies to innovate and change or go out of business!

Construction Is No Place For Weak-Willed Wanna-Bees; however, it is the only place for men and women with grit, determination and a burning desire to achieve greatness and a legacy of service to all of humanity in the cause of preserving and maintaining civilization through construction.

Contractors Need Workers that are perfect for their particular situation which means you need to know the differences between construction workers so you can attract, hire and retain the best ones for your company.

Contractors Bookkeeping Service Nine Critical Steps

Construction Bookkeeping Is something you understand then you learn. Hundreds of contractors and regular bookkeepers have told us how easy QuickBooks is to use and yet they cannot understand why QuickBooks for Contractors is so hard to use and it is getting harder every year and I agree with them.

I Have Used QuickBooks For 25 Years and in the early years the DOS versions were very easy because it had a fraction of the features it has in 2016 and the reports were bare bones. 

There Are Apps that make almost everything easy including accounting software. Too many contractors find out too late the old adage "You get what you pay for" still applies.

Cheap Construction Accounting Is The Most Expensive Accounting On Planet Earth

Operating A Backhoe is easy too! I found out just how easy it is to find underground utilities and bring them to the surface with the greatest of ease like the daring young man flying man on the trapeze. A gentle tug on a lever and water was gushing everywhere! It was very entertaining and extremely costly!

This Is Susan's* Story she answered an help wanted ad from a General Contractor, Brutus Hardway*, who was looking for a super cheap bookkeeper with a deep understanding of construction accounting they had to know how to make his QuickBooks For Contractors give him the QuickBooks financial reports and Job Costing Reports he needed to operate and grow his construction company. Brutus offered Susan $15.00 an hour for 10 hours a week. Susan as a good heart and she had QuickBooks experience, but not using QuickBooks For Contractors so she contacted us and I invested an hour of my time at no charge to share a quick overview of what I call the Contractors Bookkeeping Service Nine Critical Steps.

A Short While Later - I stopped by to see how everything was going for Susan and her employer. We reviewed the Nine Steps to see how she was using what she had learned. 

*The names have been changed to protect the real identity of Susan and Brutus

Using QuickBooks For Multiple Construction Company Files

Since The Early 2000's More Construction Company Owners Have needed two or more incomes. We have met with contractors from several groups:

Group One - Skilled Craftsman or Craftswoman is trying to grow a construction company while their spouse or significant other has a job with another company usually unrelated to construction. Today it is more common to see both partners are self-employed and operating a Construction Company.

Construction Companies And Other Businesses Owned By - Related business partners and business types can be merged into a single QuickBooks file and that always causes all kinds of trouble!

When The Individual Household Partners - File their annual tax return jointly the tax prepare who files the annual Income Tax Return looks at all the business and personal financial reports and is the final authority on what can and cannot be merged together on a single tax return.

Most Tax Returns Are Several Dozen Pages Long - With much of the information duplicated on both the personal and business returns which is why we recommend you hire someone who specializes in preparing annual tax returns NOT A Jack-Of-All-Accounting-Trades-Master-Of-None. We do not prepare annual tax returns; we do process Payroll and prepare Quarterly Tax Reports.

Why Do We Believe Strongly That You Need Individual QuickBooks Company Files?