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

This Podcast Is Episode Number 0266, And It Will Be About Seven Deadly Construction Accounting Mistakes "Early To Bed, Early To Rise, Know Your Numbers And Advertise" Unfortunately, with everything contractors like you need to do every day including weekend 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. #1 Not Tracking Direct Construction Costs For Each Job Or Project If you want to know where you are making and losing money you need to implement a system of Job Costing. These Reports Can only be found in the Premier Contractors and Accountants editions of QuickBooks. Some of them are also available in the Professional Services edition.   We offer Job Costing Report Service click here to learn more  #2 Not Allocating Overhead To Jobs In order for your Job Costing and Job Profitability Reports to be useful you need a way to allocate overhead among jobs. Overhead generally refers to co