0224: Unique High Profit Contractors Need Value From Their Accounting Software

Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services

0224: Unique High Profit Contractors Need Value From Their Accounting Software

Released: Jul 7, 2017

This Podcast Is Episode Number 0224 And It Will Be About Unique High-Profit Contractors Need Value From Their Accounting Software
Price Vs. Value

A Cheap Price does not always give you the “biggest bang for the buck” as the saying goes (author unknown). One of the reasons that we all like unit pricing in the grocery store is that it helps us determine which is the best value when deciding between sizes and between the store brands.

Take for example ice cream. There are several main types: Labeled as Non-Fat, Low Fat, Reduced Fat, Sugar-Free, Creamy, Deluxe, Premium. A quick search on the web shows over 100 flavors is available.

We all have our favorite brands. I am a Creamy, Deluxe, Premium double chocolate fudge or dark chocolate usually costing a zillion dollars per ounce and an equal number of calories.

Randal and I have brands and flavors we both like, and some flavors only one of us like. Thankfully our Ice Cream budget increased over the years. A low price was important back when we were “starving students” going to college.

Unit pricing does not take into consideration of the quality of the product.

I can explain why I believe QuickBooks Desktop In The Cloud is the best value with the most features and why every Construction Contractor from Handyman to Trade Contractors to Home Builders should buy it. If you are in the “starving student” phase or your Contracting Company, then everything is too expensive.

QuickBooks Desktop comes in (3) sizes. Pro, Premier, and Enterprise.

Each size grows is a little more robust. Think Trucks, S10 Pickup, ½ Ton Pickup, ¾ Ton Pickup, 1 Ton Pickup, 2 Ton Truck, Motor Home or Semi. The size of Boat your S10 Pickup can tow is quite different than what your 2 Ton Truck can tow.

Contractors would be very offended if I said: “What is the big deal?” A truck is a truck, is a truck when in reality I know they are not the same. Each size of Truck has a useful application.

Same thing applies to Accounting Software. There are 1,000’s of Construction Accounting Software Solutions in the market. Price points start out at free and grow to much higher prices for specialty software. Which do you need?

QuickBooks Desktop is a good economically priced software that is proven and easy to use for both the Contractor and their tax accountant to do the annual taxes. Easily available at every office supply store, Costco, Amazon.com and other local merchants. Recommend buying a copy “In The Box” with a CD.

Occasionally I have someone who says that the QuickBooks Desktop is “Too Much.” I understand their thinking. Price is King! Unfortunately, If you are more concerned about price than the value of good reports, Annual Insurance Audit, State Sales Tax Reports and State and Federal Tax Returns then you will experience the pain of false savings. What you save on buying QuickBooks Desktop you are likely to spend at least 100X more in fines, penalties and overpaying your taxes.

Looking at anything from a cost standpoint instead of the Total Cost Of Ownership (TCO) puts a lot of good Contractors on the road to ruin. The Desktop Version of QuickBooks is updated for a period of (3) years. You own the software, and if you do not use payroll, merchant services or email from the program, you may get additional life out of the program.

The data is never lost unless the program has become corrupted, crashed or your computer that it is resting on has died.
Online versions are “Software As A Services” on the cloud is a great feature. The issue is that when you stop paying - your data if it is not backed up by an external source, will expire. In other words, you are RENTING the software.

No different than renting a tool from your local rental shop. When you turn the tool back in you no longer have access to the tool. Some companies for a period of time will allow you to access the file, but at some point, the data and documents expire.

Looking at the Hard Cost of Software:
QuickBooks Desktop Pro 2017 Small Business Accounting Software [PC Disc] Price $179.99
QuickBooks Desktop has a typically supported life span of 36 months this equals $5.00 per month.

Reasons contractors like Cloud Based Software is to have mobile access to the program.
We offer Cloud Based Services where you can have your QuickBooks Desktop (PC Version) in the cloud which allows you to access from your PC, MAC, Tablet. A little difficult to use via the phone based on screen size.

QuickBooks Desktop Can Be Used With Larger Multiple Monitors We supply our Professional Construction Bookkeepers with at least three 42" monitors You can use most newer televisions as a computer monitor via HDMI You can open multiple screens at the same time You can view multiple built-in reports at the same time You can view custom reports without eye strain

We offer Customized Setup of QuickBooks Desktop Version

Visit FastEasyAccountingStore.com for Ready Made QuickBooks Setups and Chart of Accounts

Visit FastEasyAccountingStore.com for enhancements to your QuickBooks file (IIF format)

Looking forward to being of assistance.

Enjoy your day.

Sharie

About The Author:

Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com

I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person.

We Remove Contractor's Unique Paperwork Frustrations

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 to 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.

You Deserve To Be Wealthy Because You Bring Value To Other People's Lives!

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

Contractor Bookkeeping Done For You!

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

This guide will help you learn what to look for in outsourced construction accounting.

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

Thank you very much, and I hope you understand we 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.

Enjoy your day.

Sharie

About The Author:

https://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself
Construction Accounting Store Is Open

Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:

#1 EZ Step Interview inside QuickBooks Setup
#2 Asked Their Tax Accountant To Setup QuickBooks
#3 They Attended A How To Setup QuickBooks Class Or Seminar

And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company

Short List Of Construction Contractors We Serve
Asphalt Contractor Asphalt Contractor Brand New Contractor Brand New Contractor Brick And Stone Contractor Brick And Stone Contractor Cabinet Installation Contractor Cabinet Installation Contractor Carpentry Contractor Carpentry Contractor Carpet And Tile Contractor Carpet And Tile Contractor Commercial Tenant Improvement Contractor Commercial Tenant Improvement Contractor Concrete Contractor Concrete Contractor Construction Employees Construction Employees Construction Manager Construction Manager Construction Support Specialist Construction Support Specialist Custom Deck Contractor Custom Deck Contractor Custom Home Builder Custom Home Builder Demolition Contractor Demolition Contractor Drywall Contractor Drywall Contractor Electrical Contractor Electrical Contractor Emerging Contractor Emerging Contractor Excavation Contractor Excavation Contractor Finish Millwork Contractor Finish Millwork Contractor Flipper House Contractor Flipper House Contractor Flooring Contractor Flooring Contractor Foundation Contractor Foundation Contractor Framing Contractor Framing Contractor General Contractor General Contractor Glass Installation Contractor Glass Installation Contractor Gutter Contractor Gutter Contractor Handyman Contractor Handyman Contractor Hot Tub Contractor Hot Tub Contractor HVAC Contractor HVAC Contractor Insulation Contractor Insulation Contractor Interior Designer Contractor Interior Designer Contractor Land Development Contractor Land Development Contractor Landscape Contractor Landscape Contractor Lawn And Yard Maintenance Contractor Lawn And Yard Maintenance Contractor Masonry Contractor Masonry Contractor Mold Remediation Contractor Mold Remediation Contractor Moss Removal Contractor Moss Removal Contractor Painting Contractor Painting Contractor Plaster Contractor Plaster Contractor Plaster And Stucco Contractor Plaster And Stucco Contractor Plumbing Contractor Plumbing Contractor Pressure Washing Contractor Pressure Washing Contractor Remodel Contractor Remodel Contractor Renovation Contractor Renovation Contractor Restoration Contractor Restoration Contractor Roofing Contractor Roofing Contractor Siding Contractor Siding Contractor Spec Home Builder Spec Home Builder Specialty Contractor Specialty Contractor Stone Mason Contractor Stone Mason Contractor Stucco Contractor Stucco Contractor Subcontractor Subcontractor Swimming Pool Contractor Swimming Pool Contractor Swimming Pool And Hot Tub Contractor Swimming Pool And Hot Tub Contractor Tile And Carpet Contractor Tile And Carpet Contractor Trade Contractor Trade Contractor Tree Contractor Tree Contractor Underground Contractor Underground Contractor Utility Contractor Utility Contractor Waterproofing Contractor Waterproofing Contractor Window Contractor Window Contractor Additional QuickBooks Templates, Resources, And Services

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up Templates Solopreneur QuickBooks Chart Of Accounts Free Stuff QuickBooks Item Lists Templates Consulting

We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950

If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger

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