Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 0153 And It Will Be About Unique Contractor Bookkeeping Workflow For Contractors In U.S.A   Paperwork, Can't Live With It, Can't Be A Contractor Without It! It is one of your biggest headaches, heartaches and backaches! It gets in the way and keeps you from getting things done! It reminds you of doing homework when you were in school! You did not open your construction company to be a desk jockey What If We Could Cut Your Paperwork Chores In Half AndProvide You With Useful Information Anytime You Want It?   I trust this podcast helps you understand that outsourcing your contractors bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerel

This Podcast Is Episode Number 0152 And It Will Be About Contractors Who Tried Using QuickBooks And Got Professional Help Has This Happened To You? Your Construction Company was a bit disorganized and there were piles of paper on the dashboard of your truck, behind the seat, on the passenger seat, on the floor, in every pocket of you coat, shirt, pants and inside your lunch box and on your desk at your home or office? So you bought QuickBooks thinking it would solve all your paperwork issues and your contractor bookkeeping issues? Instead you found yourself inside a bigger mess and deeper hole than ever because QuickBooks is anything but Quick! QuickBooks advertisements made it seem so simple that even a child could setup QuickBooks in less than an hour. So you thought I can do this. I can setup QuickBooks for my construction company and it will magically sort all of the paperwork and do all of the accounting for your Contracting Company in 10 minutes a day or less. QuickBooks sells software to contractors a

This Podcast Is Episode Number 0151 And It Will Be About Why Successful Contractors Use Professional Bookkeeping Services What You Should Expect From Your Bookkeeping System? The first and most important principle in Construction Accounting is everything starts with Cash because Cash Is Fact; Profit Is An Opinion. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero must be assigned to the proper accounts: Income Job Deposits Payroll Taxes Cost of Goods Sold (Direct and Indirect Costs including Labor, Material, Other and Subcontractors. Other costs including permits, plans, bills from suppliers and purchases on your personal credit cards. Overhead Second Important Principle In Construction Accounting Tracking Income properly, Knowing how, when and where to put Customer Estimates, Customer Invoices, Customer Job Deposits and any Retainage Withheld, Vendor Refunds and Rebates. Good Construction Accounting Is All About the Details Payroll entered in

This Podcast Is Episode Number 0150 And It Will Be About Unique Document Management Software Saves Contractor's Time And Money! Focus Your Energy On Making Money And STOP HERDING PAPER! FREE For Outsourced Contractor Bookkeeping Services Contractor Clients Of Fast Easy Accounting Contact Sharie Right Now 206-361-3950 sharie@fasteasyaccounting.com After years of painstaking research and hundreds of hours testing dozens of ways for contractors stop wasting time trying to get organized and fighting the paper work nightmare.  We have finally found the one document management software For Contractors that is simple, easy to use and the software developers understand what we need to support our contractor clients. We Help Contractors Like You Find Ways To Make More Money, In Less Time So You Can Do The Things You Love Doing And Paperwork Is Not One Of Them! This new document management software for our Outsourced Contractor Bookkeeping Clients will download bank and credit card feeds into a secure paperless server

This Podcast Is Episode Number 0149 And It Will Be About Streamlining Your Contracting Company With Our Free Checklist You are an intelligent Contractor which means you know how to operate your construction company and the biggest barrier to your success is getting your employees to do what you want them to do, when you want them to do it, and do it the way you know works best. Contractors who are Process Dependent Vs. People Dependent always makes more money and enjoys more freedom and peace of mind over Construction Company owners who are in constant chaos making the same decisions over and over. The difference between Success and Failure is simple and easy. Change a few simple things in your thinking and what you will tolerate and you can change your construction company and make dramatic improvements in your cash flow, profitability and the amount of freedom and enjoyment you will get out of your life. Success - Is a few simple disciplines practiced every day! Failure - Is a few simple errors repeated eve

This Podcast Is Episode Number 0148 And It Will Be About QuickBooks Year End Closing Tips For Contractors Taking a bit of time to clean-up QuickBooks and prepare it before giving it to your tax preparer could save you hundreds or even thousands of dollars in income taxes. Download QuickBooks Year End Checklist Here Several years ago the accounting departments of smaller construction companies with less than $10M in annual sales had to slog through dozens of mind numbing General Journal Entries in order to "Close The Books". With QuickBooks that process is mostly automatic. There are still a few things the accounting department needs to do. The easiest method is to open QuickBooks and go to the help menu and click on the "Year End Guide". A QuickBooks Year-End Guide wiil pop-up. It may vary depending on the version of QuickBooks you are using. When you click on a task with your mouse the help screen for that task pops up and guides you through the process which normally takes several hours depending on the amo

This Podcast Is Episode Number 0147 And It Will Be About Handyman Contractors Enjoy Steady Profits, Low Risk, Long Term Wealth Handyman Contractors Are Very High Profit Low Risk Construction Niche. Lately we have been tracking how many new clients own and operate Handyman Companies and the results are surprising. We have always known them to be a high-profit low-risk type of business that for the most part is not as severely impacted by ups and downs of the economy. Nowhere near other segments of the construction industry When the economy slows a predictable shift takes place: Spec house builders start building custom homes and lose money because the dynamics of Spec Vs. Custom.  Custom home builders feeling competitive price pressure from spec house builders start doing remodels lose money. Remodel contractors feeling competitive price pressure from custom home builders become handyman and lose money. Handyman contractors notice some of their opportunities dry up so they tend to have more time for add-on sa

This Podcast Is Episode Number 0146 And It Will Be About When Is Outsourcing Your Construction Bookkeeping A Good Idea Outsourcing Your Construction Bookkeeping Works Best When: Your construction company is small with 1-10 employees and doesn't need a full-time bookkeeper. You need someone with more skills than the receptionist or office manager can provide. You need someone skilled in construction accounting who knows how to handle job deposits, progress billings, etc. You don't have the time, energy or money to setup an office, hire a bookkeeper and babysit them! If the bookkeeper is out on maternity leave, or if there will be a vacancy of several months. You need a Contractor Champion who is your advocate helping make certain things get done! Large construction companies have the resources to invest $250,000+ in order to setup and staff a construction accounting system like ours. which gives them everything they need operate a highly profitable construction company. You Can Access Our System Around The C

This Podcast Is Episode Number 0145 And It Will Be About About Three Ways To Increase Your Construction Company Sales In 30 Days Sell to more customers (hard and expensive) Sell more to each customer (easy and economical) Sell more often to each customer (easy and economical) The First One Is - The hard and expensive way to grow sales. We have analyzed a number of construction companies, that is what we do, and we know roughly what the cost to acquire a new customer is for many different segments of construction; remodel, concrete, plumbing, electrical, service work, handyman and others. Calculate the cost per new customer. This is easy to calculate by looking at your Profit and Loss Report for last year, find the marketing expenses and divide it by the number of new customers your business generated. We recommend you are sitting down and do not have any sharp objects or hot coffee within easy reach so you will not hurt yourself or anyone else. If you are new in business or do not have a large client list w

This Podcast Is Episode Number 0144 And It Will Be About The People That Got You Where You Are Cannot Take You Where You Are Going All Construction Companies Have Growing Pains - When you started your construction company it was all you or perhaps you had a partner or somebody who was helping with the office work like answering phones, bookkeeping and running a few errands. Your Construction Company Grew - And you found yourself with problem employees who little by little took over the back office operations and were preventing your business from growing. Here You Realize - The people who got you where you are cannot take you where you are going! It is a harsh reality that has everything to do with change. The only people who embrace change are wet babies and everyone else hates it. Passive Aggressive - Employees in positions of authority and especially Bad Bookkeepers become envious of your success and will destroy your contracting company from the inside like a cancerous infection if you don't replace them.

This Podcast Is Episode Number 0143 And It Will Be About Your Contractor Champion At Fast Easy Accounting Contractor Champions at Fast Easy Accounting are like concierges at a five star hotel. You get all the services at a fraction of the cost. Your Contractor Champion is someone with a deep background and first-hand experience in construction; having owned or operated a construction company with employees. Someone who understands your specific construction company, the type of work it does and how to make the best use of our contractors bookkeeping services system for you. This person will be your guide, mentor and friend. They are your advocate to make certain you are provided the best possible service and they have the authority to assign resources in the event of an emergency construction accounting situation such as special reports, quarterly tax reports, insurance audits and complex payment applications. They also monitor the quality and quantity of reports, emails, graphs and other data to make certain

This Podcast Is Episode Number 0142 And It Will Be About Bookkeeper Training In The Art And Science Of Construction Accounting Is Your Bookkeeper A Keeper? Do You Want To Keep Them For As Long As Possible? Do You Wish They Were Better At Construction Accounting? 50% of the problem is QuickBooks setup was done wrong and it causes you, the contractor, lots of pain and agony. 30% of the problem is knowing how transactions for your contracting company are different from regular bookkeeping. 20% of the problem is your Bookkeeper doesn't love solving puzzles and detective work; they are in the wrong profession. You can fix the first two problems with some outside help from us and some proper training. The last one nobody can fix. The fact is you are paying dearly for their education to learn construction bookkeeping and accounting but you just don't know it. You are paying with all of the mistakes that are being made, overpaying bills, taxes, payroll errors, unbilled work, late or misfiled Quarterly Tax Returns a

This Podcast Is Episode Number 0141 And It Will Be About Ten Solid Reasons Not To Have A Bookkeeper In Your Home Office Recently a contractor and his wife came to our Construction Accounting office in Lynnwood Washington and related a rather interesting story about a freelance bookkeeper that was coming into their home office where they are operating a small construction company to work on their QuickBooks For Contractors company file.They told how the freelance bookkeeper they hired never could get the bank reconciliation window in QuickBooks to match the bank statement. The bookkeeper would do a forced reconciliation which only compounded the problem causing their Financial Statements and Job Costing Reports to be less accurate and not as useful to them as they needed.In addition to several major bookkeeping errors the bookkeeper insisted that she never did anything wrong and it was the bank's fault if she could not reconcile the bank statement with QuickBooks.Furthermore the contractor and his wife were se

This Podcast Is Episode Number 0140 And It Will Be About Thanksgiving Day Please Join Us In Thanking All Contractors And Their Workers Thanksgiving Is A Time - To give thanks for all that we have and for the men and women who are part of the greatest industry on earth, Construction. You make civilization possible for everyone! Construction Is - The oldest industry in existence. Everything started with The Builder, and He had a Son who was a carpenter and everyone who was, is and will be part of the construction industry has a special connection to The Builder and His Son. The difference between Atheists And Christians is so close yet so far away. Click Here For A ComparisonConstruction Gets Deep - Inside you and will not let go and that is why Sharie and I co-founded Business Consulting And Accounting to still be a part of the construction industry and spend time with the people we love, admire and respect.Construction Is - A tough business and people failure is common. In fact most of our clients have either

This Podcast Is Episode Number 0139 And It Will Be About Why Contractors Need High Tech Construction Accounting Solutions High Technology Construction Accounting Offices Are No Longer A LuxuryThey Are Standard Operating Procedure Just To Keep Up With Your CompetitorsHigh technology office environments are now as important as the Smartphones and tablet were several years ago. If you were a smart, forward thinking contractor you got those long before your competition did and made a lot of money in a short period of time. You need to commit to spending $100,000+ to setup a high technology construction accounting office and staff it with Professional Construction Accounting Staff or outsource it a Contractors Bookkeeping Service before it is too late. Act Now! Don't wait until you are fighting for the crumbs left by successful high-profit contractors who know where The Top 20% of the market is, how to attract them, make obscene profits and retire early. Perhaps you don't want to invest $100,000+ to setup a high t

This Podcast Is Episode Number 0138 And It Will Be About Seven Unique Shocks Every Contractor Experiences The foundation of this article came in part from an article by Michael E. Porter, Jay W. Lorsch and Nitin Nohria published in the Harvard Business Review. I am a huge fan of Michael E. Porter because of his grasp and understanding of how business works and his ability to convert complex business strategies that anyone can easily understand. During the time when we owned an operated construction contracting companies Michael E. Porter's five forces model opened my eyes and provided a great deal of insight regarding how and why things changed in the construction market. Ten Unique Shocks Every Contractor Experiences Shock #01 - You Can't Run Your Construction Contracting Company Between the demands of customers, clients, bankers, payroll tax returns, sales tax returns (if that applies to you), vendors, suppliers and everybody and everything outside your construction company you do not have the time to run y

This Podcast Is Episode Number 0137 And It Will Be About Your Contractor Bookkeeper Retired And QuickBooks Is In Chaos 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 MovieThe 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... Dear John The Contractor, I have been offered a better paying position at your competitors construction company XYZ, Incorporated. I cannot begin to express how much I have hated working for you during the past 10 years with computers, printers and monitors that were here before I arrived in this miserable, dark, cramped, smelly offi

This Podcast Is Episode Number 0136 And It Will Be About How We Fix QuickBooks Job Costing Reports Problems If you are a contractor you know how to get the work done. At the end of your day when your body is tired, your muscles are aching and you are too tired to move is when you ask yourself three simple questions: 1.    Am I making money or losing money?2.    Which jobs and customers are making me money?3.    Which jobs and customers are costing me money? Every Complex Question Has Two Answers #1 Is Simple And Wrong #2 Is Hard And Right The Simple Answer Is to keep doing what you have always done and continue getting what you have always got. Don't pay any attention to your financial and job costing reports until it is time to file your annual taxes and gasp in dismay and horror while asking what happened? It is like the two guys living in a farming community that started a business buying and selling bales of hay. They had a large truck which they used to buy the hay, load it and make deliveries to their c

This Podcast Is Episode Number 0135 And It Will Be About About Contractors Who Hate Bookkeeping Would You Rather Walk Barefoot Across Hot Coals Than Do Paperwork? If this describes you just know you are not alone. Most contractors would rather do anything including work in the rain, sleet, hail or windstorm than do the bookkeeping. You started your construction or contracting company, house building firm, handyman business or your specialty contracting company to build, remodel, repair homes, commercial spaces and other structures not be a desk jockey! Did someone say you need to do all the bookkeeping in order to be a successful contractor? If so ask yourself are they a successful contractor? Chances are they're not! Successful contractors outsource their bookkeeping to a construction accounting service and spend their valuable time reading and understanding what the Financial and Job Costing Reports are telling them so they can make informed decisions. Bohunk Bob (Not His Real Name) Is A Typical Contractor

This Podcast Is Episode Number 0134 And It Will Be About Contractors With Bookkeepers Paying Bills Are Begging To Be Embezzled It Makes Perfect Sense For You To Delegate All The Mind NumbingContractor Bookkeeping Service Tasks As You Can! All Contractors will experience embezzlement at some point in their business life if they stay in it long enough. How much money will be lost is easy to predict. Group #01 - Contractors Who Have Experienced Embezzlement > Immediately outsource the bookkeeping chores to a reliable trustworthy Contractors Bookkeeping Service> The owner pays the bills every Friday and we can help by:> Getting all the bills, invoices, bank statement, payroll checks, etc. into QuickBooks so you know what to pay> Reconcile all of the bank and credit card statements> Process payroll and you review payroll and authorize payment> Process monthly and quarterly tax returns which you review and authorize payment> Enter and reconcile the vendor charges and statements which you review and authorize paymen