The Old Way Contractors Invoiced was as much or more work than doing of the job itself. In the past you had to make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer. Then you waited for the check in the mail to arrive to get paid.
Three Things Contractors Need Cash, Cash And More Cash When you or your employee finishes a job you need to get paid and I mean the sooner the better! Use a smartphone, electronic tablet or web enabled device, create the invoice and email it! Xero Accounting Online will have updated your Sales Report, Profit & Loss Report, Balance Sheet Report and a lot more reports before you finished reading this sentence.
The Key To Making Xero Accounting Online Work For Construction Contractors is having it properly setup and maintained. Invest the money and let us do it for you, right, the first time! Don't be fooled into thinking just because it is somewhat easy for small retail companies that it will be easy for you to setup Xero Accounting Online for your construction company. The reason is simple; the difference between a construction accounting and regular accounting is similar to the difference between a shovel and a backhoe.
In A Failed Attempt To "Save Money" I rented a backhoe, once, and ripped several underground utility lines out of the ground and caused a lot of damage in less than thirty minutes. The total cost of the job skyrocketed and let's just say I understand the value of professional services and should have known better...ah the "Halo Effect"...I am so good at construction accounting of course I can operate a backhoe...NOT!
Don't Try To Save Money On Construction Accounting because it is a lot harder than it looks. for more on this click on "Construction Accounting Vs. Regular Accounting" and read an article I wrote about it. A word to the wise could save you a lot more money than I lost trying to operate a backhoe.
If your Xero Accounting Setup Is Not Working the way you want, no worries, we can help. Simply add us to your Xero Accounting Online company file and Contact Sharie 206-361-3950 or sharie@fasteasyaccounting.com.
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 Accounting Online is a better fit for you than QuickBooks. We offer both Xero Accounting Online and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid.
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
If you are a new company just starting out, if you qualify we can set up your company on Xero Accounting Online and give you 30 days of Xero Accounting Online 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
Our Contractors 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.
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+