Customers Want To Use Their Credit Cards For Construction Projects
Unplanned Emergencies - Are stressful enough now add "how am I going to pay for this" to the mix increases the anxiety! For most people cash in short supply which leaves using a credit card, getting a bank loan or selling something to raise cash as their best options?
For Example - Homeowner with leaking roof is going to get it fixed right away because rain water is damaging the interior of their home including some irreplaceable sentimental treasures including items passed down from parents and grandparents.
Who Will They Call? - You I hope! If you are their contractor and they like and trust you very likely they will call you.
Accepting All Credit Cards - Makes you the hero because they get instant financing and your Electronic Armored Car takes your money to the bank. Not accepting credit cards or worse yet only accepting Visa and MasterCard and not American Express makes people suspicious about the integrity of your construction company. No it’s not right, yes it is a form of prejudice and only you can decide to be right or rich. Pick one.
When you offer a fast and easy way for your clients and customers to get financing everybody wins.
Your client gets the work done they earn airline miles and other perks and you made a sale which you could have easily lost to a competitor that accepts credit cards
Add On Sales - Will more than make up for any fees you pay to accept credit cards. Prove it to yourself by asking twenty contractors that accept credit cards why they do and then ask twenty that don't and make up your own mind. In our past construction businesses when we accepted credit cards their bottom line profits more than doubled and if I told you how it much I guarantee you would find it astounding!
Two Easy Ways - To massively increase cash flow and profits is to cut costs or increase revenue. One is limited the other one is not. Highly profitable construction firms focus on developing their Strategy to do both using The 80 20 Rule.
Please Do Not Misunderstand My intent - Money is not everything it is simply a way for you and your family to enjoy the good things of life. By serving your client base effectively giving them what they want your wealth will provide opportunities for other people who serve you to do the same.
One Of The Most Important- Things you personally can do for your fellow contractors is to be a leader by becoming rich and offering them a helping hand up.
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 just like you 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 and me so stop missing out! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
We Scan Your Receipts And Invoices link them to your QuickBooks or Xero transactions where it is appropriate and give you back a CPA-ready packet for your tax return and we provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
Thinking About Outsourcing Your Contractors Bookkeeping Services To Save Time And Money?
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Business Process Management (BPM) For Contractors
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About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
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. Follow Randal on Google+
