Three Reports Construction Companies Need: Cash, Cash And Cash!
#1 Cash On Hand - This report shows you how much cash do you have in all your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet) and petty cash box in your office. Money talks and bulls breakfast walks!
#2 Cash Coming In - This report shows you how much cash do your customers and clients owe you and how much of it will you be likely to receive in the next 30-60-90 days?
#3 Cash Going Out - This report shows you how much cash do you owe yourself, suppliers, employees and the tax man and of how much of it will you be likely to pay out in the next 30-60-90 days?
It used to be QuickBooks was the only real option for construction companies to generate a decent set of Financial Reports and Job Costing Reports and that is still true.
Our biggest pain point with QuickBooks has always been it is like a large semi-truck with two trailers capable of moving massive amounts of data which is great if your construction company needs Work In Progress (WIP) Reporting, Pay Application Invoicing For Large Residential Remodels, Pay Applications For Commercial Tenant Improvement (TI), Job Deposit Tracking, Retention Tracking, Schedule of Values, Complex Job Costing Reporting Services and other construction reporting which we provide.
What about the contractors and service companies like plumbing contractors, electricians, handymen, drywall repair, carpet cleaners, HVAC, remodel contractors that have jobs lasting a few days, locksmiths and hundreds of other service companies?
Xero Accounting Online To The Rescue!
The short video below shows side by side the basic Financial Reports contractors really need in living color. Take a look and leave a comment, we really want to know what you think.
Do You Own A Small Contracting Company?
Do you look forward to the day where you can press a button and know where all your money is because it is stressful to wing it like you are doing now?
Perhaps you own a service and repair firm that specializes in plumbing, electrical, HVAC, or maybe a handyman service or someone who does small construction projects that last from a few hours to a few days and you only need to give your customer or client one invoice?
If this describes you then perhaps Xero is a better fit for you than QuickBooks. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid.
QuickBooks Works Best If You
-
Take Job Deposits
-
Have Change Orders
-
Issue Multiple Invoices
-
Need Job Costing Reports
-
Need Payment Applications
-
Periodic Invoices For Bank draws
-
Need Complex Construction Accounting Reports
Xero Accounting Online Works Best If You
-
Have Simple Jobs With One Invoice
-
Need Basic Key Performance Indicator Financial Reports
We Make Getting Started With Xero Painless!
Xero Accounting Online Conversion
Do you want to use Xero Accounting Online, but dread moving everything from QuickBooks or some other accounting software? We can do it all for you:
-
Enter all of your year to date transactions
-
Enter all of your Accounts Receivable (Sales)
-
Enter all of your Accounts Payable (Purchases)
-
Previous year end bank, credit card and other account balances
-
Activate your bank and PayPal feeds for downloading into Xero
-
Enter all your customer and vendor contact information
-
Contact Sharie 206-361-3950 or sharie@fasteasyaccounting.com
Xero Accounting Online Setup
If you are a new company just starting out you could qualify for our FREE basic company setup in Xero Accounting Online and give you 30 days of Xero Accounting Online software for FREE so you can find out if Xero is right for you!
-
Set up your organization in Xero Accounting Online
-
Prepare an application for Tax-ID number, if needed.
-
Set up your Chart of Accounts
-
Connect your bank and PayPal feeds
-
Give you a tour of the system and how it works
-
Provide ongoing virtual CFO support (We are more than bookkeeping services provider!)
-
Contact Sharie 206-361-3950 or sharie@fasteasyaccounting.com
Xero Contractors Bookkeeping Services
Our Bookkeeping Services include:
-
Invoicing
-
Daily reconciliation of bank feeds
-
Weekly reporting
-
Monthly reporting
-
Year-end reporting for your tax preparer
-
Year-end updates and adjustments from your tax preparer
-
Options for payroll
-
Options for time keeping and project management
-
Options for receipt storage
-
Contact Sharie 206-361-3950 or sharie@fasteasyaccounting.com
Pricing Depends Upon the number of accounts, invoicing frequency and number, average daily transactions, number of employees, the amount of business coaching and virtual CFO services you want. We offer MANY other customization options so please ask.
Need Help Now?
Call Sharie 206-361-3950
sharie@fasteasyaccounting.com
We Are Xero Accounting Experts Specializing In Construction Bookkeeping Services
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+
