Contractors Often Ask Us A Simple Question:

We have read Who We Help, researched you on LinkedIn, and at least a dozen other places on the web, read your customer reviews and are convinced you can help us; but, can't we get the same thing from leveraging a hungry bookkeeper working from home and save Money?

That is a great question and an important one too for anyone that is looking for way to outsource contractor bookkeeping services. And because we get this question so very much, today we decided to write an article explaining to you the potential pros and cons of outsourcing.

The short answer is they can get about 80% of what they need for about 50% of what it will cost to have us do it. In this economy everybody needs to save money whenever and wherever they can. So in the short run it may be possible to save money.

The problem is that 20% they do not get can really hurt bottom line profits and possibly cause the contractor to pay more in taxes than the saved in contractor bookkeeping services fees.

If you don't know what you are looking for everything looks the same and the only difference is price. So we have put together a short list of things contractors take for granted that most bookkeepers are not aware of unless they have been trained in Construction Bookkeeping.

Do yourself a favor and pick the items on this list and ask your contractors bookkeeper about how they are handled, tracked and reported on:

QuickBooks Options:

• QuickBooks Automatic Backup On Remote Server
• All Expenses And Costs Recorded In Chart of Accounts, Not Items
• All Work In Process Recorded in Chart of Accounts, Not Items
• Retention Hold By Your Customers
• Retention Hold For Subcontractors
• Job Deposits From Customers
• Employee Type Tracking - Field
• Employee Type Tracking - Admin
• Employee Type Tracking - Sales
• Employee Type Tracking - Operations
• Employee Type Tracking - Officers
• Employee Loans - Field
• Employee Loans - Admin
• Employee Loans - Sales
• Employee Loans - Operations
• Employee Reimbursements - Field
• Employee Reimbursements - Admin
• Employee Reimbursements - Operations
• Employee Reimbursements - Sales
• Employee Reimbursements - Officers
• Payroll Preperation - Field
• Payroll Preperation - Admin
• Payroll Preperation - Sales
• Payroll Preperation - Operations
• Payroll Preperation - Officers
• Payroll Tax Reporting – 941
• Payroll Tax Reporting - 940
• Payroll Tax Reporting - 940
• Payroll Tax Reporting - W-2
• Payroll Tax Reporting - W-3
• Insurance Audit Reporting
• Insurance Audit Support (Business Consulting And Accounting Office)
• Bank Reconciliations
• Credit Card Reconciliations
• State Business And Occupation Tax Reporting
• City Business And Occupation Tax Reporting
• State Sales Tax Reporting
• Petty Cash
• Fixed Assets
• Depreciation
• Intercompany Transfers
• Security Deposits
• Loans To Shareholders
• Loans To LLC Members
• Loans To Partners
• Cost of Goods Sold - Direct Costs
• Cost of Goods Sold - Indirect Costs
• Schedule of Values - CSI Cost Codes
• Schedule of Values - Job Costing
• Schedule of Values - General Construction
• Schedule of Values - Commercial T.I. Projects
• Schedule of Values - Special Projects
• Schedule of Values - Spec Homes With Bank Draws
• Schedule of Values - Spec Homes Without Bank Draws
• Payment Application - Single Payment
• Payment Application - Multiple Payments Without Change Order Tracking
• Payment Application - Multiple Payments With Change Order Tracking
• Prevailing Wage Reports
• Work-In-Process Reporting
• Tool Lease Tracking
• Vehicle Lease Tracking
• Equipment Lease Tracking
• Heavy Equipment Allocation
• Occupancy Expense - Office
• Occupancy Expense - Shop
• Marketing Cost Tracking
• Vehicle Costs - Admin
• Vehicle Costs - Sales
• Vehicle Costs - Operations
• Vehicle Costs - Officer
• Other Income Tracking
• Other Expense Tracking
• Investment Property Tracking

Paperless Document Storage And Management

• 24/7 Access To Your Source Documents
• Upload Documents To Paperless Server How Many Ways
• Read, Print And E-Mail Documents From Paperless Server

Web Based Reports

• 24/7 Access To Web Based Online Financial Reports

The Short Video Below Tells The Whole Story

QuickBooks Expert Specializing In Construction Bookkeeping Services