I hate doing laundry including stain treatments forgetting to move it to the dryer, folding and ironing, absolutely none of it appeals to me.
Contractors bookkeeping services is the business equivalent of laundry. It just never ends, with the putting in the receipts, checks, bills, timecards, invoicing and cleaning up the QuickBooks contractor data, removing bad records and keeping the file synchronized and verifying your QuickBooks contractor is clean.
If you get the following error message after verifying your data call Sharie 206-361-3950 immediately! Trying to fix it yourself is an invitation to disaster!
Given my laundry aversion, I can understand why contractors are not diligent about keeping their QuickBooks file data intact. They let the paperwork pile up and then try to do it all at once because it’s just such a pain.
Perhaps contractors would be better off with a bookkeeping system. Instead of doing it all at once, find a way to work on it during your down times like evenings and weekends.
Typically, QuickBooks For Contractors data quality problems arise when there’s a big project to be invoiced or a complex pay application to get out Quarterly Tax Return to be completed and filed.
Often due to time constraints, bookkeeping chores is given short shrift during a big estimating or invoicing project with a “we’ll fix it later” attitude.
And that’s just bad planning, because, really, which is more likely to work: forcing your bookkeeper to work with a broken QuickBooks contractor file or fixing it before you want something critical from it?
At what point should deal with repairing your big hot mess QuickBooks contractor file data quality. Should it be long before quarterly tax returns are due or the day after they are due and you just started incurring penalties and interest?
Perhaps the best answer can be found by asking yourself "can I make more money doing what I like to do, which is what my customers pay me to do or do I make more money doing contactors bookkeeping services which I hate more than covering myself with honey and going into the woods to pick a fight with an angry bear?
In most cases we can do it for less than you can pay an in-house bookkeeper and you will be getting a team of construction accountants and bookkeepers.
In addition you can access your QuickBooks For Contractors reports from cloud based servers without having to open your QuickBooks file.
About The Author:
Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/