This Podcast Is Episode Number 0187 And It Will Be About Construction Contractors Mad Dash To The Year End Mad Dash To The End Of The Year And I Can’t Remember Last Week Let Alone January, April, July’s Stuff! The year is almost over. It is now the (4th) Quarter and year end deadlines are approaching. Have you given your bookkeeper, wife, partner), accountant or tax accountant the information need to complete your reports. Accountants need good information to be able to create detailed reports and save money on your taxes. Here is truly where the expression “Garbage In Equals Garbage Out” comes into play.  It is impossible to create QuickBooks Job Costing Reports when all anyone knows is the amount of a deposit on the bank statement.      It’s the Mad Dash To The End Of The Year as a contractor recently described their Year End Madness to get his documents ready for the Tax Accountant. Are You In This Cycle Of Chaos Too? It’s Preventable! Paper, Paper, and More Paper Bookkeepers and Accountants are unable to create good reports without paperwork, documents, receipts, customer invoices, customer payments, bank statements, credit card statements, payments made using a personal checking account instead of your business account (it was easier because that was where the money was), personal credit cards (I used whichever one was handy in my wallet) and all the cash receipts. Client to the Accountant: Why do I have to give you all this stuff?      Every Missed Receipt That Is A Business Expense Is A Missed Deduction Bookkeeping is all about Tracking The Money. Money In, Money Out is just tracking the checkbooks. Accounting is entering into an Accounting System which creates a Profit & Loss and Balance Sheet for the Tax Accountant to do the Annual Taxes. (Every successful contractor should have a Tax Accountant do their annual tax return) Construction Accounting Is That Next Step To Growing Your Company In Construction Accounting not everything is an expense. Not every item, tool, material or customer goes into the Chart of Accounts. In some case Class Tracking is useful, but most of the time it is used to make up for a poor Chart of Accounts or using it as a “workaround” for an accounting product not designed to have Job Costing Reports or Cost Of Good Sold. Giving your bookkeeper only your bank statements and saying “Fix It” – I Want Job Costing Reports, I Want To Know Details is not enough. Doing It The Way You Have Always Done It – Then Expecting A Different Result isn’t the way it works. Success Is Doing A Few Things Right  And  Repeating and Adding Improvements One At A Time. To grow and improve a company needs to be able to adapt to the changes, be open to new ideas. At Fast Easy Accounting we have and entire department, The Project Management Department, that questions every bit of our Contractors Bookkeeping System everyday and continually finds new and better ways to improve it and make it more valuable to Contractors like you no matter where you are in the USA Including Alaska and Hawaii. Our website www.fasteasyaccounting.com features more video, podcasts, and blogs with more places where podcasts can be accessed, including FREE Forms and new ways for contractors like you to connect with us and get the help you need.     For Clients, we added a Document Management System that links with many of the banks and credit card companies across the country (adding more all the time).  We still use our original Document Management System behind the scenes.  The two companies have figured out a way to work together for the benefit of us and our clients.  Change is not always an easy thing, but we are so glad we did. The same applies to you “The Contractor” As you figure out ways to be more efficient, better pricing, prove a better product and service your cash flow and profits will increase massively which means...