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

Why Sell Service Agreements? It goes to the heart of the question of the difference between a customer and a client. Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. Every service agreement customer represents a future work. In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. Non-service agreement customers are more likely to be customers and fickle. They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price. In some cases they may not even remember you or your construction company name. In addition, your replacement sale close ratio is normally higher with service agreement clients and your overall pricing and related service care level can be much higher resulting in even mor

 QuickBooks For Contractors Cloud Computing Vs QuickBooks Online QuickBooks Online Is OK For Contractor Companies: · Run like a real fun hobby · Not serious contracting firm · Doesn't need full QuickBooks · Owner sole focus is saving money · Basic simple reports are all you need · Businesses with less than three employees · The owner likes doing everything themselves · The owner has lots of free time to learn software · They do not fit our client profile of contracting for profit QuickBooks Desktop Version Cloud For Contractor Companies: ·  Is a construction company contracting for profit ·  Needs Job Costing reports and solid Financial Reports ·  Needs the power of the full QuickBooks Desktop Version ·  Is focused on saving money with innovations and cost control ·  Is open to implementing a Business Plan designed to increase sales QuickBooks Desktop Version In The Cloud - can reduce your overhead and increase your productivity. Being able to work from anywhere, anytime, with a single source for all of your

Ten Thousand Hours To Master Construction Accounting Malcolm Gladwell, author of the book "Outlier" wrote about how The Beatles played nearly 10,000 hours together in Germany before the emerged as "The Beatles", Tiger Woods invested 10,000 hours on the golf course before he turned 21, Bill Gates as a kid put in 10,000 on his PC. Strategic Construction Bookkeeping - Is as different from standard bookkeeping as someone who spends their day maintaining a fancy dog house is from a professional remodel contractor! Professional Remodel Contractors - Have told me in no uncertain terms how they feel about unlicensed and super cheap contractors who underbid them for construction projects. In some cases they will try to warn customers about how "The Sweetness of Low Price Soon Fades While The bitterness of Poor Quality Lingers On". Sometimes The Customer - Will call you back to fix all the screw-ups and bad construction. In the end the customer ends up paying more money spending more time than if they had it done right

Fixed Price Puts The Burden On The Bookkeeping Service - Hourly Rate Which Puts The Burden You Fixed Price - Contractor bookkeeping needs to be done right and on time. Hourly Rate - Contractors bookkeeping can take as long as you will put up with and re-done over and over because the longer it takes the more they make. Which One Is Best - For you depends upon your Business Strategy and if you like to know what something will cost each month or if you like to be surprised.Fixed Price: #01 No long term contracts; month-to-month service #02 Performance and results based; not efforts and excuses #03 They have professional bookkeepers and systems in place #04 Save money on income tax preparation and the taxes you pay #05 Your bookkeeping services are budgeted and fixed in advance #06 We recruit, hire and train the best bookkeepers available #07 We have solid reliable office equipment, hardware and software #08 We provide comfortable offices with amenities to retain the best construction accountants and bookkeepers

The Enterprise Level Contractor These Construction Firms - Have 100+ employees and generate enormous revenues. Most of the owners and managers earn about the same as a well-run professional contractor. We Choose Not To Serve - This particular market due to the additional stress and strain they put on their employees, suppliers, vendors and advisors. It takes a special kind of construction accountant to work with these folks.   A Lot Of Them Have A Shorter Lifespan - Than any of the other contractors due to the enormous stress the suffer trying to navigate their construction companies through the ups and downs of the Business Cycle. The Managers Deal With Issues - That are beyond anything the previous groups even think about including labor unions, government oversight, massive risk and are constantly under pressure to increase shareholder value at any cost. Seagull Management - All too often a board member or powerful outside influence without a clear understanding of all of the moving parts involved in runni

Contractors Can See Their QuickBooks Financial Reports Anytime! Just when you thought our special brand of outsourced contractor bookkeeping services couldn't possibly get any better...it does...yet again! In addition to the premier outsourced contractor bookkeeping services and paperless vault for storing documents, linking them to QuickBooks for Contractor transactions, retrieving, printing and emailing them our contractor clients can have on demand 24/7 internet cloud based access to their financial reports without having to open, touch or even look at QuickBooks For Contractors! We provide professional contractor bookkeeping services primarily for construction company owners with annual sales volume $0 - $10,000,000 using the full desktop version of QuickBooks For Contractors which rests on an Intuit Approved Commercial Hosting Service. Learn more please visit www.fasteasyaccounting.com/quickbooks-cloud-based-reports/ This is one more example of how Fast Easy Accounting is helping construction company own

If You Are In This Contractor Group You Are In The Third Largest Group Of The Four Types Of Contractors Together you and your like-minded contractors combined production is more than the Enterprise Contractors due to the sheer number of contractors similar to you. Here Are A Few Statistics Based On Per Person Where You Do Well: #01 Sales Dollar Volume Per Job#02 Sales Dollar Volume Per Month#03 Sales Dollar Volume Per Year#04 Marketing Cost Per Dispatch#05 Dollars of Revenue Per Billable Hour#06 Percentage Closed Sales Per Dispatch#07 Billable Hours In Standard Eight Hour Day Your Production Average - Is not as high as Dog And Pickup Truck Contractor however it is close because you have implemented systems, processes and procedures such as Business Process Management, BCG Matrix, The 80/20 Rule For Success In Construction and other profit and growth strategies. Some of you are discovering the power of Contractor Success M.A.P. which we have developed and are using to help contractors just like you to build on

If You Are In This Contractor Group You Are In The Second Largest Group Of The Four Types Of Contractors Together you and your like-minded contractors combined production is more than the Professional Contractors and the Enterprise Contractors combined due to the sheer number of contractors similar to you. Here Are A Few Statistics Based On Per Person Where You Do Well: #01 Sales Dollar Volume Per Job#02 Sales Dollar Volume Per Month#03 Sales Dollar Volume Per Year#04 Marketing Cost Per Dispatch#05 Dollars of Revenue Per Billable Hour#06 Percentage Closed Sales Per Dispatch#07 Billable Hours In Standard Eight Hour Day Your Production Average - Is not as high as Dog And Pickup Truck Contractor because you have employees that may not be as motivated as you; however your group is substantially higher than any of the other three contractor types according to our research and contractor studies we have been engaged in since the early 1970's Let Me Describe Some Of Your Wonderful Personality Traits You Are A Wonder

If You Are In This Contractor Group You Are In The Largest group Of The Four Types Of Contractors Together you and your like-minded contractors combined production is more than all the other groups combined due to the sheer number of contractors similar to you. Here Are A Few Statistics Based On Per Person Where You Do Well: #01 Sales Dollar Volume Per Job#02 Sales Dollar Volume Per Month#03 Sales Dollar Volume Per Year#04 Marketing Cost Per Dispatch#05 Dollars of Revenue Per Billable Hour#06 Percentage Closed Sales Per Dispatch#07 Billable Hours In Standard Eight Hour Day Your Production Average - Per person is the highest of all the Four Types Of Contractors primarily because you, the entire crew, have a vested interest in the results of each day. We Have Been Involved - With construction and researching contractors since the early 1970's and in fact my Step Father was a member of this group. Let Me Describe Some Of Your Wonderful Personality Traits You Are A Wonderful Soul - You have a heart as big as the

Aren't All Bookkeeping Services The Same? That's a fair question and one I can respect because on the surface every business, industry and service provider appears to be the same. Coffee is coffee isn't it? Coffee from Starbucks could be said to be ground up coffee beans that have been mixed with hot water and how can that be any different than coffee from the machine that sits in the corner of the Greyhound Bus terminal? Wine could be said to be grapes pressed, aged and put into a container. What makes Inglenook Cabernet Sauvignon NAPA Valley, 1941 worth more than wine under $5 at Trader Joe's? Long ago in a bike shop in Seattle, Washington I went shopping for a bike helmet and asked the clerk for a "cheap helmet" because in my mind all bike helmet were the same and I was not about to be ripped off. He had a profoundly simple answer: "If You Have A $10 Head Buy A $10 Helmet" He said it with a deadpan face, no expression and he acted as if he could not care less about what helmet I purchased. I remembered som

It May Help You To Have An Overview Of The Construction Accounting Team Members At Fast Easy Accounting After reading this, you will understand and appreciate why you get lots of attention from your Customer Service Manager and little or no attention from other staff members. Our back office Construction Bookkeepers and Accountants are highly skilled professionals with the burning desire to be the best of the best in their field. Due to the sensitive nature of our work and the need to safeguard your financial records the back office staff of Construction Bookkeepers and Accountants, interact with our contractor clients because we intentionally hire people who are serious, unfriendly and unsociable. No contractor in their right mind wants a friendly sociable Construction Bookkeeper sharing client information with your competitors, employees and suppliers. Our Construction Bookkeepers and Accountants Team Members have hands on experience in construction, have a great deal of respect, empathy, and sincerely car

All Accounting Uses The Same Accounting Equation Assets = Liabilities + Equity Business Owners - Need three basic reports, Cash, Profit and Equity Cash On Hand................(Bank Balance - Un-cleared Checks) = CashProfit And Loss Report.........................(Sales - Expenses) = ProfitBalance Sheet Report..........................(Assets - Liabilities) = EquityRegular Accounting - Makes up roughly 80% of all accounting and Accounting for businesses in the world. Its main purpose is to provide basic financial reports for annual tax returns and some very rudimentary management decisions: #01 Accounts Receivable#02 Accounts Payable#03 Profit & Loss#04 Balance Sheet It Is Practically All that is taught in schools, colleges and universities.Regular Accounting Is Used In Fixed Environments - Where customers comes to the place of business or at most you ship or deliver a packaged product. In essence you are selling a product or a service from a fixed location. Regular Accounting Has These Things In Common:

Hundreds Of Reports Are Inside QuickBooks For Contractors Five KPI Reports Are The Most Important To Contractors Success QuickBooks Reports Are In Four Categories: #01 List Reports show things like customers, employees and vendors. They can be sorted and filtered to provide contact information including social media and demographics and more. #02 Primary Financial Reports like Profit & Loss and Balance Sheet how your construction company is doing from a big picture view like looking out the window of an airplane cruising at 30,000 feet. They can be sorted and filtered to provide more detail and you can drill down into each and every transaction if you want too. #03 Job Costing Reports like Profit & Loss By Job, Job Profitability and Estimates Vs. Actual Reports provide you with the foundation reports that can help you understand where you construction company is making an losing money. The 80/20 Rule For Construction Success. #04 The Five Key Performance Indicator Reports are special combination of re

Contractors Want More Leads And Here Is One That Works! www.footworkflyers.com/ Realtors have sellers who need some work done on a home or commercial property and shortly after the property is sold the new owner usually, have a few repairs and in some cases major remodel work to be done. We all get newsletters, flyers from local companies and some we pay attention too, and the rest we discard. In the realtor community, Footwork Express has a good reputation and since it has been around for a long time and is a great resource for contractors looking to establish contacts with potential realtor referral partners. They deliver flyers to the major real estate office in greater Seattle area. In the early years, this was the main way realtor offices communicated with each other on brand new listings, upcoming open houses, price changes and special financing offers. Over the years, Footwork Express expanded their services to include others outside of real estate agents who provide professional services that are hel

What Paperwork Do We Want? Contractors Have Asked What Paperwork - They should bring to us in order to get their construction bookkeeping brought current and the simple answer is all of it! You Don't Have To - Organize for us because we have a system from having owned and operated several construction companies in the past, we are not pansy construction bookkeepers that need to be pampered and are easily offended; quite the opposite. Organizing Construction Bookkeeping Paperwork Is Like Herding Cats! You Can: · Drag and drop it to a special folder we setup on your computer desktop · Mail it to us 19909 64th Ave West, Suite 201, Lynnwood, WA 98036 · Bring it by during office hours or special office hours for contractors · SnoKing Contractors Center members have 24/7/365 access to meeting rooms and can leave paperwork in the lockbox · Put us on your vendor list to have bills and statements emailed to us · ScanSnap Scanner sends paperwork with push of one button Learn More · Bring it in bags, boxes, baskets, whe

Every Piece Of Paper, Receipt, Invoice, Bank Statement, Notice, Loan Statement Triggers A Memory And You Relive It Again And Again! Three Examples: #01 Every Invoice when you did not get paid or took a discount #02 Every Receipt for materials, subcontractors or other costs #03 Every Time Card reminds you of what your employees did or didn't doWhen your bookkeeper or your outsourced contractors bookkeeping service does the day-to-day bookkeeping they are not emotionally invested in every transaction, which is why it takes them only a small fraction of the time to do your contractors bookkeeping and accounting services. They did not live the event, which means 100% of their focus, and concentration is on getting the transactions into QuickBooks or Xero Accounting Online ASAP! Put Your Time And Effort Into Making Money As the contractor you are the most valuable employee in your company. You have the most versatile skill sets of anyone in your company and it can be a blessing or a curse. If you believe you are t

Having A QuickBooks Emergency? QuickBooks Is A Mess And You Need It Fixed Now! When Any Of The Following Things Happen Call The Contractor Bookkeeping Experts 206-361-3950#01 You just opened your construction company and need QuickBooks setup and you need some business advice too! #02 You are getting ready to open your construction company and need QuickBooks setup and you need some business advice too! #03 Payroll is due or overdue and you need it processed now! #04 Your tax preparer refuses to prepare your tax return because your construction company QuickBooks is a mess! #05 Your customers refuse to pay until you provide an Invoice that makes sense! #06 You don't know for sure who owes you money because they are waiting for your Invoice! #07 You need an Invoicing Service to prepare and mail or email your invoices for you! #08 You don't know for sure who you owe money too and if they are double billing you! #09 You verified QuickBooks data and got the error message in a box #10 You need to get a bank loa

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! We serve contractors across the USA and mentioned this idea to all of them at least once and only a few of them do it. Could be a variety of reasons, too much work to get to now, busy on other projects, w

Hiring A Bookkeeping Service For Your Contracting Company Is Not 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? 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 bo

Hiring A Bookkeeping Service For Your Contracting Company Is Not 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? 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 bo