If you ask 100 business owners what they like least about running a business, bookkeeping will likely rank high. It's an annoying and frustrating chore that takes up much time and is easy to put off until tomorrow.
Avoiding your bookkeeping is dangerous, however. Not knowing your construction company's financial situation can result in missteps that could ultimately cost you your business.
When starting bookkeeping as a construction business owner is challenging, a good first step is to break the process down into manageable tasks.
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Topics:
10000 Hours of Bookkeeping Practice,
Construction Bookkeeping,
Systems And Processes,
Bookkeeper,
Construction Systems And Processes,
Construction Bookkeeper
Managing a hectic schedule and complex projects can be challenging if you're a contractor. You must also ensure that your paperwork, documents, and contracts are in order. It's essential to keep a paper trail of your work and practice due diligence.
Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly. This is a mark of professionalism and can also help if you have an insurance or legal claim.
Contractor paperwork documentation and procedures
You should develop documentation and record-keeping procedures appropriate for your contracting operation or service if necessary. Once procedures are in place, it is equally important to ensure everyone understands and follows them.
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Topics:
Construction Bookkeeping,
Construction Bookkeeping And Accounting,
Bookkeeper,
contractor bookeeping services,
Contractor Guidance
Construction Contractors Have Experienced The Worst Economic Times In The Past 100 Years And Now That You Are Getting Busy You Cannot Find A Decent Reliable Bookkeeper
Four Things Contractors Are Saying About Bookkeepers:
#1 I've been trying to hire a bookkeeper for my contracting company for a while and none of them are worth a darn!
#2 I Tell Them "Your Job Is Make QuickBooks Give Me Reports I Need To Make Informed Business Decisions!"
#3 I've hired four of them in the past few years and none of them have a clue about what I do as a contractor!
#4 I am getting ready to hire bookkeeper number five, and I just can't take it anymore, and I am near meltdown!
The Next Set Of Problems Is Related To Cash Flow
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Topics:
Construction Accounting,
Bookkeeper,
Construction Bookkeeper Hiring Guide
You Arrive At Your Office Or Shop One Morning And Find Yourself Alone...
And The Dead Silence Feels Like You Are In The Middle Of A Bad Horror Movie
The lights are off, no coffee brewing, no sounds of paper shuffling or the sound of your contractor bookkeeper typing on their keyboard. You are suddenly aware the office is chilly because nobody has turned on the heat. Then you see a stark white legal sized envelope lying on the bookkeeper's desk with your name hastily scribbled on it.
You pick up the envelope and carefully remove the neatly typed letter which says...
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Topics:
Contractors Bookkeeping Services,
Bookkeeper
Bad Bookkeepers Have 38 Traits In Common
It is important to understand the difference between Professional Bookkeepers, Regular Bookkeepers and Bad Bookkeepers.
- Regular Bookkeepers learned most if not everything they know about bookkeeping by experience and by letting you pay for their education in the form of excess taxes, fines, penalties, un-invoiced work, overpaying bills and late fees. It is painful for them and you. They have good intentions and do not want to cause contractors any grief and they are sincere with their apologies. Of the thousands of Regular Bookkeepers I have met they all have good hearts and really do mean well.
- Bad Bookkeepers also learned most if not everything they know about bookkeeping by experience and by letting you pay for their education in the form of excess taxes, fines, penalties, un-invoiced work, overpaying bills and late fees. It is painful for you but not for them. They have bad intentions and will cause contractors as much grief as possible and are quick to blame everyone else when something goes wrong. Of the dozens of Bad Bookkeepers I have met they all have a bad opinion of contractors and business in general.
On to the 38 traits
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Topics:
Bad Bookkeepers,
Professional Bookkeepers,
Bookkeeping,
Construction Bookkeeping,
Bookkeeper
Rule #1 - Work expands to fill the time allowed for it or the outer edge of what business owner will tolerate
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Topics:
Bad Bookkeepers,
Cheap Bookkeepers,
Professional Bookkeepers,
Seattle,
Bookkeeping,
Bookkeeping Services,
QuickBooks For Contractors,
Construction Accounting,
Construction Bookkeeping And Accounting,
QuickBooks,
contractors bookkeeping and accounting,
Accounting,
Bookkeeper,
QuickBooks Setup
