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!
Contractors like you know how to pound nails, pour concrete, build homes and commercial structures, bend pipe and pull wire, install roofs, lay carpet, paint walls and a thousand other tasks so why are you not enjoying the same standard of living as other professionals? Because you are doing all of those things for anybody and everybody who asks you too.
Lately we have been doing a lot of research on why some contractors with annual sales volumes under $500,000 a year who consistently do 4X better than other contractors of similar size and we discovered something we already knew and you probably are familiar with as well; The 80/20 Rule For Contractor Success.
#1 Since they are running smaller contracting companies they have 1-4 employees and can manage them easily.
#2 They spend roughly 10 minutes a day looking at reports. The most important ones are the Five KPI Reports. Cash On Hand, Receivables, Payables, Profit And Loss Year To Date and Balance Sheet. However they do not spend any time agonizing over whether or not every minute of time is properly allocated to the jobs and where every penny is being allocated in the Chart of Accounts.
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.
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 and Follow Randal on Google+