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

This Podcast Is Episode 611, And It's About The High Cost Of Not Keeping Up With Your Bookkeeping 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.   Here are a few tips to help get you started: 1. Set up a simple system Choose an accounting method and set up a basic system, whether a spreadsheet or accounting software tailored for construction businesses. 2. Gather your documents Collect all necessary financial documents such as invoices, receipts, bank statements, and payroll records. Organizing these into folders can make