Have you been in business as a construction contractor or specialty contractor for a while and now you are wondering what your construction company is worth?This question comes up early and often and perhaps you would like a bit of inside information that we share with our Outsourced Strategic Contractor Accounting Services Clients.

All Highly Successful Contractors Like Saving Money Where They Can

But Not On Cheap Tools, Equipment, Material And Bookkeeping

Because That Always Costs Them Profit Dollars In The End

• Cheap tools break which slows the work down, increases labor costs and in the end costs more than quality tools.
• Cheap equipment breaks down more often, increases labor costs and also costs more than quality equipment.
• Cheap material is one of the causes for warranty work which drains profits and runs up labor and material costs.
• Cheap Contractor Bookkeeping can cost more than the previous three combined because of what you don't see.

The Cost Of Cheap Tools, Equipment And Material

Cheap Tools And Equipment - Cost a lot of money that you cannot see; out-of-sight means out-of-mind. When contractors like you invest in the best tools and equipment you can afford in the short and long run you will save money. Construction workers who take pride in their work will always produce better results faster with fewer repairs if they have quality tools and equipment. And they will tend to stay with your construction company longer which will help you earn more profits.

Make More Money Faster See The Chart Below:

Every Ten Minutes Your Construction Worker Costs You $5.94

  Every Ten Minutes A Day Of Unproductive Construction Worker Labor:

Employee #01 Costs The Construction Company $1,544.42 Each Year

At 10% Profit You Need To Sell $15,544.20 More To Maintain Profit Margin

For Example - Your best construction worker asks for a tool which costs $1,200.00, will save ten minutes a day in labor and last three years the most common response is "We can't afford it...make do with what you have...it is a poor craftsman who blames his or her tools".

When someone suggests "buying a tool to save money" most contractors hear "spend my hard earned money". These knee-jerk reactions come directly from the part of our brain called the "amygdala". It is what causes us to react to circumstances rather than respond them. It is also known as the "Fight or Flight" decision center.

Break the cycle of "doing the same thing you have always done and getting the same thing you have always gotten" by simply "Stopping And Thinking". With a simple Cost-Benefit-Analysis as shown below you can make intelligent decisions and always remember "Money is made in the office; not in the field. Strategy vs. Tactics" - Randalism

Cheap Contractor Bookkeeping

Until Your Construction Company - Reaches at least $5 million in annual sales you cannot afford to hire a qualified bookkeeper or construction accountant full-time to put on your accounting staff and don't be fooled; there is no such thing as a part-time qualified bookkeeper or construction accountant.

For Example - If you try to save money by hiring someone who says they have 10 years of experience ask one simple question:

How Much Money And Time Have You Invested Books, Classes And Seminars

To Hone Your Construction Accounting Skills Or Even Regular Bookkeeping

In The Past Ten Years And What Was The Last One You Attended?

Anytime a bookkeeper whom is interested in joining our team of Highly Qualified Professional Construction Bookkeepers and they tell me they have several years of experience I ask that question and in 98% of the time the answer none.

As you well know the basics of just about trade from butcher, baker, candlestick maker, framer, plumber, electrician, HVAC, roofer, concrete finisher can be learned in six months. However it takes 10,000 hours of training and practice to begin to become skilled in construction bookkeeping or become a Journeyman in any construction trade and then a minimum of 100 hours a year to stay current with the trends in a given trade.

So let's look at the true cost of a bookkeeper with bad habits who is a Cheap Bookkeeper that you hired part time at $15.00 an hour for 10 hours a week thinking you will save money.

The True Cost Of A Cheap Bookkeeper At $15.00 Is Close To $25.29 Per Hour

For A Rough True Cost Of Your Bookkeeper Double The Hourly Wage You Pay Them

Every Ten Minutes Your Bookkeeper Wastes Costs You Money!

Every Ten Minutes A Day Of Unproductive Office Labor:

Could Cost Your Company $273.93 Every Year

At 10% Profit You Need $2,739.30 More Sales To Maintain Profit Margin

Everybody Loses When A Contractor Goes Out Of Business Or Worse Yet Bankrupt!

It May Seem Harsh - In order to survive and thrive as a contractor you must make certain your employees are focused on their job during the time you are PAYING THEM TO WORK! You must do whatever it takes to enforce the rules of engagement for producing results at your contracting company or be prepared to work for some other contractor and live under their rules.

We Remove Contractor's Unique Paperwork Frustrations

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!

Thank You For Reading This Far And I Hope You Understand we really do care about you and all contractors regardless of whether or not you ever hire our services.

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.

Our Contractor Bookkeeping Services System Is A System

Thinking About Outsourcing Your Contractors Bookkeeping Services To Save Time And Money?

Click On The Button Below To Download A Free Guide 

Business Process Management (BPM) For Contractors

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

Xero Outsourced Construction Accounting Services

QuickBooks Outsourced Construction Bookkeeping Services

We Are Xero Accounting Experts Specializing In Construction Bookkeeping Services

You're A Smart Contractor And You Know QuickBooks Has The Answers

You Need To Operate And Grow Your Construction Company

Every time you or your bookkeeper opens the darn thing it sits there and does nothing. That's because QuickBooks is deaf and dumb! The people that developed QuickBooks are genius's and I really mean it because the products they put out are top drawer!

When you understand they designed it to be sold to all industries, not just my favorite, construction you begin to see the problem; it has tons of stuff contractors don't need.

Paperwork, Can't Live With It, Can't Be A Contractor Without It!

• It is one of your biggest headaches, heartaches and backaches!
• It gets in the way and keeps you from getting things done!
• It reminds you of doing homework when you were in school!
• You did not open your construction company to be a desk jockey!

What If We Could Cut Your Paperwork Chores In Half And

Provide You With Useful Information Anytime You Want It?

Has This Happened To You?

Your Construction Company was a bit disorganized and there were piles of paper on the dashboard of your truck, behind the seat, on the passenger seat, on the floor, in every pocket of you coat, shirt, pants, inside your lunch box and piled high on your desk or kitchen table?

You bought QuickBooks thinking it would solve all your paperwork issues and your contractor bookkeeping issues? Instead you found yourself in a bigger mess and deeper hole than ever because QuickBooks is anything but Quick!

QuickBooks advertisements made it seem so simple that even a child could setup QuickBooks in less than an hour. So you thought I can do this; I can setup QuickBooks for my construction company and it will automatically sort all of the paperwork and do all of the accounting for your Contracting Company in 10 minutes a day or less.

QuickBooks sells software to contractors a little bit like Home Depot sells material to "Weekend Warrior Homeowners" who think they can save time and money by doing construction projects themselves.

Home Depot generates a ton of leads for contractors by putting on Home Depot Free Weekly Workshops & Home Improvement Workshops.

Can a homeowner "Learn To Paint Like A Professional", "Get The Skills To Install A Toilet", "Learn The Skills To Install A Backsplash" or "Install A Light Fixture" in a 90 minute class? Of course not!

Does Home Depot sell a lot of material and supplies with this brilliant marketing idea? Of course they do! What normally happens is the homeowner attends the workshop in the morning, buys the parts, goes home, tries installing them, runs into trouble and then calls you!

The same thing happens when contractors buy QuickBooks and try setting up QuickBooks using the Easy Step Interview. You waste a lot of time, money, blood, sweat and tears and end up with a mess and you live with it until the pain becomes unbearable, then you seek professional help.

Or worse yet you hire a Cheap Bookkeeper who thinks they know how to setup QuickBooks for Contractors. By the time you figure out they know nothing about Construction Accounting it is too late.

They have driven your Contracting Company off the highway of success into the ditch of destruction, turned it upside down, poured gasoline on it, lighted it on fire, walked away, told everyone that you don't know how to run a business and you are left stranded on the side of the highway, eyes wide open, with tear stained cheeks watching in horror as everything you have worked for goes up in smoke!

There Is A Better Way

Focus Your Energy On Making Money And STOP HERDING PAPER!

FREE For Outsourced Contractor Bookkeeping Services

Contractor Clients Of Fast Easy Accounting

Contact Sharie Right Now 206-361-3950

sharie@fasteasyaccounting.com

We Help Contractors Like You Find Ways To Make More Money, In Less Time So You Can Do The Things You Love Doing And Paperwork Is Not One Of Them!

You are an intelligent Contractor which means you know how to operate your construction company and the biggest barrier to your success is getting your employees to do what you want them to do, when you want them to do it, and do it the way you know works best.

Taking a bit of time to clean-up QuickBooks and prepare it before giving it to your tax preparer could save you hundreds or even thousands of dollars in income taxes.

Handyman Contractors Are High Profit Low Risk Construction Niche

Lately we have been tracking how many new clients own and operate Handyman Companies and the results are surprising. We have always known them to be a high-profit low-risk type of business that for the most part is not as severely impacted by ups and downs of the economy. Nowhere near other segments of the construction industry

When the economy starts slowing down a predictable shift takes place:

• Spec house builders start building custom homes and lose money because the dynamics of Spec Vs. Custom.
• Custom home builders feeling competitive price pressure from spec house builders start doing remodels lose money.
• Remodelers feeling competitive price pressure from custom home builders become handyman and lose money.
• Handyman contractors notice some of their opportunities dry up so they tend to have more time for add-on sales.

When the latest recession began in early 2009 contractors were hit especially hard and are just now beginning to recover. If you earn your living as a handyman here is some important information just for you starting with a Podcast interview of Dan Perry founder of Handyman Startup.