Contractors Success M.A.P. Podcast Episodes 0026-0050
Episode 0026: Why Contractors Accept Credit Cards
Your Customers And Clients Want To Use Their Credit Cards For Construction Projects.
Unplanned Emergencies - Are stressful enough now add "how am I going to pay for this" to the mix increases the anxiety! For most people cash in short supply which leaves using a credit card, getting a bank loan or selling something to raise cash as their best options?
For Example - Homeowner with leaking roof is going to get it fixed right away because rain water is damaging the interior of their home including some irreplaceable sentimental treasures including items passed down from parents and grandparents.
Who Will They Call? - You I hope! If you are their contractor and they like and trust you likely they will.
Accepting All Credit Cards - Makes you the hero because they get instant financing and your Electronic Armored Car takes your money to the bank.
Episode 0027: Stop Borrowing Money At 18% And Lending At 0%
You Are Not A Bank - Never use your high interest credit cards and supplier accounts to provide financing to your customers in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road.
McDonalds Restaurants Earns - Massive profits and part of the reason is cash flow. I love their business model; customers order first, pay second and get food last. No invoicing, no waiting for the check to arrive and hoping it will clear the bank. They say just Show Me The Money!
You Can Offer Financing - Accept credit cards! Get setup at a bank and/or credit union that will offer to loan your construction client's money for small projects under $25,000. They sign paperwork with the lender; you do the work and get paid.
Episode 0028: Contractor's Bookkeeper Hiring Guide Part 1
Hiring a bookkeeper for your contracting company is nothing like hiring a construction worker. Would it be a fair statement to say you know what to ask when hiring a construction worker for your contracting company?
If you need a Licensed Journeyman, you know what to ask for and you know what to expect. If you need an apprentice, you know what to look for and what to expect. In most cases, you take over where their parents left off; however, that is a topic for another podcast.
The first thing you need to be aware of is not all accounting is the same. Just because someone is skilled in framing spec houses does not mean they can suddenly install expensive wood trim and perform finish carpentry in the home of your most valuable client and the reverse is true as well isn't it?
Episode 0029: Contractor's Bookkeeper Hiring Guide Part 2
Episode 0030: Contractor's Bookkeeper Hiring Guide Part 3
Episode 0031: Contractor Bookkeeping Service Hiring Guide Part 1
If you need a Licensed Journeyman, you know what to ask for and you know what to expect. If you need an apprentice, you know what to look for and what to expect. In most cases, you take over where their parents left off; however, that is a topic for another podcast.
The first thing you need to be aware of is not all accounting is the same. Just because someone is skilled in framing spec houses does not mean they can suddenly install expensive wood trim and perform finish carpentry in the home of your most valuable client and the reverse is true as well isn't it?
Just because a bookkeeping service provides regular bookkeeping services does not mean they can perform construction accounting services. Regular bookkeeping is similar to production framing in a tract home development. Construction bookkeeping is similar to building custom home for a demanding client.
One is fast and furious and requires very little skill and training and the other is slow and deliberate and requires immense skill and training. Don’t put your contracting company in the wrong hands, get all the facts then decide.
Download the Contractor Bookkeeping Service Guide And Get The Answers To All Your Questions
www.fasteasyaccounting.com/contractors-bookkeeping-services-guide-for-construction-accounting-and-bookkeeping/
Episode 0032: Contractor Bookkeeping Service Hiring Guide Part 2
Episode 0033: Contractor Bookkeeping Service Hiring Guide Part 3
Episode 0034: Contractor Bookkeeping Service Hiring Guide Part 4
Episode 0035: Marketing Tip For Trade Contractors Get Work From General Contractors
Deliver A Dozen Donuts, Pastries, Muffins Or Any Tasty Bakery Product!
A lot of contractors are having challenges adapting to the new economy. Trade contractors who rely on the same general contractors they did a few years ago to supply jobs to bid on are finding it more challenging as well.
If you are a trade contractor, subcontractor or whatever you call yourself and you want more opportunities to bid jobs this one marketing method works and works big no matter where you are located. Big city small town, it does not matter.
Every general contractor gets hundreds if not thousands of sub-contractors, trade contractors, suppliers, bankers, customers and even construction accountants asking for something. So if you want to stand out in the crowds use this tiny bit of construction psychology because it works!
Episode 0036: Emergency Bookkeeping Service For Contractors
Having a QuickBooks emergency? QuickBooks is a mess and you need it fixed now! Call the contractor bookkeeping experts 206-361-3950 or email sharie@fasteasyaccounting.com
Episode 0037: Why Bookkeeping Takes Longer And Is Painful When Contractors Do It
Episode 0038: Getting Paperwork To Us Is Fast And Easy
Episode 0039: Contractors Marketing Tip Connect With Realtors For More Jobs
Episode 0040: Key Performance Indicators (KPI) For Contractors
Episode 0041: Construction Accounting Vs. Regular Accounting
Episode 0042: Construction Accounting Personalities
Episode 0043: What Makes Our Contractors Bookkeeping Service Different
Episode 0044: Dog And Pickup Truck Contractor
Episode 0045: Salt Of The Earth Contractor
Episode 0046: Professional Contractor
Episode 0047: Contractors Cloud Reporting With Qvinci
Episode 0048: Enterprise Contractor
Episode 0049: Contractors Bookkeeping Services Fixed Price Vs. Hourly?
Episode 0050: Ten Thousand Hours To Master Construction Accounting
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 Xero Accounting Experts Specializing In Construction Bookkeeping Services
About The Author:
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. Check out our Contractor Success Map Podcast on iTunes and Follow Randal on Google+
PS: For The Do-It-Yourself Construction Bookkeeper Our Store Has Chock-Full Of QuickBooks Setup Templates, QuickBooks Chart of Accounts And More.
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Our Co-Founder:
Sharie DeHart, QPA, is the President of Business Consulting And Accounting (Fast Easy 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. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com.
