0091: Local Vs. Cloud Based Contractor Bookkeeping Services

This Podcast Is Episode Number 0091 And It Will Be About Local Vs. Cloud Based Contractor Bookkeeping Services

One of the biggest concerns contractors have about outsourcing their contractors bookkeeping to a cloud based contractor accounting service like ours is they think it means sending jobs off-shore rather than keeping your dollars in America where they can help other Americans.

In too many cases that is exactly what occurs.

Understanding the differences between Outsourced, Offshore and Freelance Bookkeepers is the key.

Outsourced Contractor Bookkeeping Services Like Us Have Pros And Cons:

Pros
1. We offer Flat Rate pricing, no surprises, no heartache, no regrets, no long term contracts, month to month, cancel anytime because we are paid for results not efforts

2. We specialize in construction accounting and working with contractors across the USA including Alaska and Hawaii

3. All work is done in our commercial office in Lynnwood Washington which is open to the public

4. We care about contractors who want long term relationships and we will always "go the extra mile"

5. We operate as a fully functional team with multiple skill levels to handle any construction accounting issue

6. Nobody takes work home or out of the office for any reason in order to keep your records confidential

7. Everyone working on your contractors bookkeeping here has real world field experience working on construction sites

8. Our construction bookkeepers and construction accountants have a minimum of 10,000 hours of practice in construction accounting

9. Your QuickBooks For Contractors desktop version is available online 24/7/365

10. Live phone support is available support during normal business hours

11. Your QuickBooks is backed up every night on secured servers

12. Our staff is fully trained, supported and we provided continuing education programs

13. We have QuickBooks setup templates to accommodate over 100 different types of contractors and can custom build for over 10,000 combinations

14. With hundreds of construction company clients we have unique insights to share with you what successful contractors do that makes them money

15. We have a fully functional tested and working contractors bookkeeping services system

Cons
1. We are not the low price leader

2. We are not a good fit for contractors who like to control everything

3. We are not a good fit If all of your construction company contracts exceed $100,000 or if you have more than $10M in annual sales

4. We are not good "negotiators" and do not tolerate anybody who takes pride in "grinding down" their suppliers and trusted advisors
 
Off-Shore Accountants Have Pros And Cons:

Pros

1. Offshore bookkeepers have better training than most American freelance bookkeepers
2. They work cheap

Cons

1. Language barrier can be very frustrating to contractors like you

2. Possible identity theft because the weakness of international laws

3. Transactions put into the wrong account can distort all your Job Costing Reports including the Profit and Loss By Job Report

4. Forget trying to train them on construction accounting in a way that works for your particular contracting company
 
Local Free Lance Bookkeepers Have Pros And Cons:

Pros

1. They may come to your office

2. They work cheap

Cons

1. They typically work by the hour because they have no bookkeeping system and expect to paid for efforts, not results

2. They work alone and therefore have little or no support staff to help with low level administrative duties

3. They spend very little time and money on initial training let alone paying for continuing education

4. They typically serve every business and industry on the planet because they cannot afford to turn business away

5. They do not understand construction or construction accounting which can be very frustrating to contractors like you

6. Working from home means your sensitive financial records are at risk of being reviewed by your competitors

7. Possible identity theft because the weakness of internal controls

8. Transactions put into the wrong account can distort all your Job Costing Reports including the Profit and Loss By Job Report

9. Forget trying to train them on construction accounting in a way that works for your particular contracting company
 
All three groups have Pros and Cons and it is up to you to decide what is best for your construction contracting company.

Listed below are just a few of the construction company types we serve:
 
    
Brand New Construction Companies    Handyman Contractors      
Cabinet Installers    Handywoman Contractors      
Carpentry Construction Companies    HVAC Contractors      
Carpet Installers    Insulation Contractors      
Commercial Tenant Improvement Contractors    Interior Designers      
Concrete Contractors    Land Development Contractors      
Construction Companies    Landscape Contractors      
Construction Managers    Masonry Contractors      
Contracting Companies    Mold Remediation Companies      
Contractors    Moss Removal Companies      
Custom Deck Contractors    Painting Contractors      
Custom Home Builders    Plumbing Contractors      
Demolition Contractors    Pressure Washing Companies      
Drywall Contractors    Remodel Contractors      
Electrical Contractors    Renovation Contractors      
Emerging Contractors    Restoration Contractors      
Excavation Contractors    Roofing Contractors      
Finish Millwork Contractors    Spec Home Builders      
Flipper House Contractors    Specialty Contractors      
Flooring Contractors    Subcontractors      
Framing Contractors    Sub-Contractors      
General Contractors    Trade Contractors      
Glass Installation Contractors    Underground Contractors      
Gutter Installation Contractors    Utility Contractors

I hope 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 understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company!

That is all I have for now and if you have listened this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance.

For Construction Company Owners who do not need the full power of QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies.

I hope 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 understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company!

That is all I have for now and if you have listened this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance.

I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast

This is one more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

In closing, I want to caution you that we may or may not be a good fit for your contracting company. This guide will help you learn what to look for in outsourced construction accounting.

Thank you very much and I hope you understand we really do care about you and all contractors regardless of whether or not you ever hire our services.
Bye for now until our next episode here on the Contractors Success MAP Podcast.

Warm Regards,

Randal DeHart | Contractors Accountant