Successful Contractors Improve Processes All Year Long
As the end of the year approaches it is time to see about loose ends in paperwork and forms. Ask employees to review their taxes withheld to date. Do they want to make any adjustments for the current year?
Every Contractor Wants To Avoid Fines, Penalties And Overpaying Taxes
Review your Cash On Hand. Do want to make any new purchases of tools or equipment before the end of the year? Can you get financing (example six months same as cash)? Check out Paypal Credit offers.
From now to the end of the year it will seem like almost everything you could want will be on sale
- Fun Stuff is upgrading your phone.
- Fun Stuff is adding new apps to your new phone.
- Fun Stuff is being familiar with your existing office equipment.
Change that happens with all the new Fun Stuff may come with some challenges
- Learning how to use the new app that looked so easy in the description.
- Need to transfer all your existing contacts to the new cell phone.
- Latest software update causes your office equipment or favorite software to no longer work properly.
Challenges for everyone is the effects of the data breaches the last couple of years.
- Businesses are adding additional security features.
- Some of them can be quite annoying and frustrating to deal with so let’s avoid them when we can.
- Saved passwords and bookmarks on your commonly used sites are no longer saved.
- Security key needed to be received and entered before you can access accounts.
- Stronger Passwords required which are longer and more complicated.
- Additional security questions before you can log in.
- Passwords that need to be changed every 90 days.
- Software that requires a Static IP Address.
- Need to add compatibility mode for access.
- Multiple Login Screens with passwords.
- Enhanced Anti-Virus Software.
- Enhanced Firewalls.
Owning and operating a Construction Company means you ar continually balancing the need for good equipment and software against the money you have available to spend. New technology is fantastic. New technology always is a combination of Features and Benefits versus the Cause and Effect of implementing and learning how to use it. For all research done ahead of time; nothing is very seldom 100% smooth in the process. Which is why we always recommend doing one tiny change at a time.
Recently we upgraded several computers in our office and discovered that Windows 10 Pro does not like and will not work with several of our older printers and scanners. Cause and Effect, we needed to add to the project new scanners and printers. Because we expected this might happen; it was not a crisis.
We want to know what software is working for you. If there is something better out there, we want to be using it too. Software changes and has updates on a regular basis. Over the years some of our favorite software has made improvements that have not always been improvements. Sometimes the next update fixes the fixes. We are always looking for ways to improve and pass on any tips we have learned.
The old saying “Beauty is in the eye of the beholder” (author unknown) really applies to software, technology, tools, and equipment.
Every Construction Contractor has his or her favorite brand of tools. It may be one brand for this and a different brand for that. Whether it is the vehicle, size, make or model to the smallest tool in the tool bag everyone has their favorite. The tool fits in your hand just right and is easy to use.
When You Are Deciding To Buy Tools And Equipment
Factor In The Economic Costs With The Purchase Price And
What Ten Minutes A Day Wasted Costs Your Contracting Company
This week has been our traditional Seattle RAIN plus lots of wind gusts. The way your Truck or Van feels when you are driving is just right (in good weather or bad) your seat is comfortable, with nice heating and air conditioning.
To a short person (that might be me) being able to drive without a pillow on the freeway is a big deal. In response to all the Short Jokes – I am taller on the phone.
We embrace processes, in the middle, there might be loud murmurs coming from the individual offices as we learn, adapt and make new, old, existing software, tools, and equipment work.
We constantly look for improvements that will help us help you. We welcome Guest Posts because we also learn new things from our guests. Randal is a Guest Speaker on Podcasts for others offering services to Construction Contractors
Construction Contractors everywhere have many of the same issues. Creating invoices, being sure to charge for change orders, collect the money, pay the bills, do it again.
Change comes from having an understanding of what QuickBooks Job Costing reports mean.
- Good accounting reports tell us if we made any money as a whole.
- Better reports will tell us which client was more profitable.
- How Much Time was spent on the job or individual task?
- Sort out the Clients from Customers. (Is it important?)
- Who is your Best Customer and Why? (Do you care?)
Only you can decide How Much Information is Enough to run your business effectively?
How Much Information is Too Much information or is it just loose data and not helpful?
There is always the balance, and we make recommendations on what is easy to obtain without stress.
The most basic information ever needed is what your Tax Accountant needs to do your annual Taxes.
If you pay company expenses with personal money and never tell your Bookkeeper or your Tax Accountant, you may pay higher income tax because the IRS always gets paid exactly the amount due based on the forms provided.
In Conclusion:
Helping Contractors around the world is one of the reasons we added the FastEasyAccountingStore.com
Follow our blogs, listen to Contractor Success M.A.P. Podcast. We Appreciate Our Visitors, Listeners, and Subscribers. – Thank You!
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We are here to Help “A Little or A Lot” depending on your needs.
Enjoy your day.
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/ 206-361-3950 or sharie@fasteasyaccounting.com
When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in your QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.
We Remove Contractor's Unique Paperwork Frustrations
For Construction Company Owners who do not need the full power of a QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online, and we have a 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!
Thank You For Reading This Far, And I Hope You Understand we really do care about you and all contractors regardless of whether or not you ever hire our services.
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.
Our Contractor Bookkeeping Services System Is A System
Thinking About Outsourcing Your Contractors Bookkeeping Services To Save Time And Money?
Click On The Button Below To Download A Free Guide
Business Process Management (BPM) For Contractors
Need Help Now?
Call Sharie 206-361-3950
sharie@fasteasyaccounting.com
Xero Outsourced Construction Accounting Services
QuickBooks Outsourced Construction Bookkeeping Services
We Are Also Xero Accounting Experts Specializing In Construction Bookkeeping Services
PS: For The Do-It-Yourself Construction Bookkeeper Our Store Has Chock-Full Of QuickBooks Setup Templates, QuickBooks Chart of Accounts And More.
Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:
#1 EZ Step Interview inside QuickBooks Setup
#2 Asked Their Tax Accountant To Setup QuickBooks
#3 They Attended A How To Setup QuickBooks Class Or Seminar
And QuickBooks Does Not Work The Way They Want It Too!
The Answer:
#1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company
#2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company
