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

This Podcast Is Episode Number 0386, And It's About Costly Bookkeeping Mistakes That Kill Profit And Growth Most construction business owners like you understand that effective financial management is key to your success. But lack of knowledge, frustration, and even avoidance can add up to your bookkeeping mistakes that derail future company growth. With everything contractors like you need to do every day, including weekends and holidays, it's too easy to let crisp, timely Financial Reports go unread, and in some cases, you may not fully understand what they are telling you when you do read them. Protect your construction business and reduce stress by avoiding these costly bookkeeping errors: Mixing personal and professional finances From day one, business owners should have a separate bank account to deposit their income and pay their business expenses. It's also crucial to designate a business-only credit card. Come tax time; separate statements will make submitting claimable expenses quick and easy while