0243: Highly Profitable Contractors Continually Improve Their Processes

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

0243: Highly Profitable Contractors Continually Improve Their Processes

Released: Nov 17, 2017

This Podcast Is Episode Number 0243, And It Will Be About Highly Profitable Contractors Continually Improve Their Processes Successful Contractors Improve Processes All Year Long

As the end of the year approaches it is time to see about loose ends in paperwork and forms. Ask employees to review their taxes withheld to date. Do they want to make any adjustments for this year?

Every Contractor Wants To Avoid Fines, Penalties And Overpaying Taxes

Review your Cash On Hand. Do want to make any new purchases of tools or equipment before the end of the year? Can you get financing (example six months same as cash)? Check out Paypal Credit offers.

From now to the end of the year it will seem like almost everything you could want will be on sale

Fun Stuff is upgrading your phone. Fun Stuff is adding new apps to your new phone. Fun Stuff is being familiar with your existing office equipment.

Change that happens with all the new Fun Stuff may come with some challenges

Learning how to use the new app that looked so easy in the description. Need to transfer all your existing contacts to the new cell phone. Latest software update causes your office equipment or favorite software to no longer work properly.

Challenges for everyone is the effects of the data breaches the last couple of years.

Businesses are adding additional security features. Some of them can be quite annoying and frustrating to deal with so let’s avoid them when we can. Saved passwords and bookmarks on your commonly used sites are no longer saved. Security key needed to be received and entered before you can access accounts. Stronger Passwords required which are longer and more complicated. Additional security questions before you can log in. Passwords that need to be changed every 90 days. Software that requires a Static IP Address. Need to add compatibility mode for access. Multiple Login Screens with passwords. Enhanced Anti-Virus Software. Enhanced Firewalls.

Owning and operating a Construction Company means you are continually balancing the need for good equipment and software against the money you have available to spend. New technology is fantastic. New technology always is a combination of Features and Benefits versus the Cause and Effect of implementing and learning how to use it. For all research done ahead of time; nothing is very seldom 100% smooth in the process. Which is why we always recommend doing one tiny change at a time.

Recently we upgraded several computers in our office and discovered that Windows 10 Pro does not like and will not work with several of our older printers and scanners. Cause and Effect, we needed to add to the project new scanners and printers. Because we expected this might happen; it was not a crisis.

We want to know what software is working for you. If there is something better out there, we want to be using it too. Software changes and has updates on a regular basis. Over the years some of our favorite software has made improvements that have not always been improvements. Sometimes the next update fixes the fixes. We are always looking for ways to improve and pass on any tips we have learned.

The old saying “Beauty is in the eye of the beholder” (author unknown) really applies to software, technology, tools, and equipment.

Every Construction Contractor has his or her favorite brand of tools. It may be one brand for this and a different brand for that. Whether it is the vehicle, size, make or model to the smallest tool in the tool bag everyone has their favorite. The tool fits in your hand just right and is easy to use.

When You Are Deciding To Buy Tools And Equipment Factor In The Economic Costs With The Purchase Price And What Ten Minutes A Day Wasted Costs Your Contracting Company

This week has been our traditional Seattle RAIN plus lots of wind gusts. The way your Truck or Van feels when you are driving is just right (in good weather or bad) your seat is comfortable, with nice heating and air conditioning.

To a short person (that might be me) being able to drive without a pillow on the freeway is a big deal. In response to all the Short Jokes – I am taller on the phone.

We embrace processes, in the middle, there might be loud murmurs coming from the individual offices as we learn, adapt and make new, old, existing software, tools, and equipment work.

We constantly look for improvements that will help us help you. We welcome Guest Posts because we also learn new things from our guests. Randal is a Guest Speaker on Podcasts for others offering services to Construction Contractors

Construction Contractors everywhere have many of the same issues. Creating invoices, being sure to charge for change orders, collect the money, pay the bills, do it again.

Change comes from having an understanding of what QuickBooks Job Costing reports mean.

Good accounting reports tell us if we made any money as a whole. Better reports will tell us which client was more profitable. How Much Time was spent on the job or individual task? Sort out the Clients from Customers. (Is it important?) Who is your Best Customer and Why? (Do you care?)

Only you can decide How Much Information is Enough to run your business effectively?
How Much Information is Too Much information or is it just loose data and not helpful?
There is always the balance, and we make recommendations on what is easy to obtain without stress.

The most basic information ever needed is what your Tax Accountant needs to do your annual Taxes.
If you pay company expenses with personal money and never tell your Bookkeeper or your Tax Accountant, you may pay higher income tax because the IRS always gets paid exactly the amount due based on the forms provided.

In Conclusion:

Helping Contractors around the world is one of the reasons we added the FastEasyAccountingStore.com
Follow our blogs, listen to Contractor Success M.A.P. Podcast. We Appreciate Our Visitors, Listeners, and Subscribers. – Thank You!!

Please feel free to download all the Free Forms and Resources that you find useful for your business.

We are here to Help “A Little or A Lot” depending on your needs.

Enjoy your day.

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

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 the 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

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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

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up Templates Solopreneur

QuickBooks Chart Of Accounts Free Stuff

QuickBooks Item Lists Templates Consulting

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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