This Podcast Is Episode Number 0209 And It Will Be About Contractors Struggle Over Choosing The Right Bookkeeper Contractors Struggle Between The Cost Of Having A Bookkeeper And The Value Received Because All Contractors Want To Have Is Peace Of Mind   Number 1 Frustration is discovering the contractor knows more about Construction Bookkeeping And Accounting than the bookkeeper they hired to do the job. Contractors end up trying to teach The Bookkeeper to do the job thinking every little bit helps.   Number 2 Frustration is the Construction Bookkeeper asks “Is that part of my job description?”   Number 3 Frustration is the Construction Bookkeeper will “Go beyond their duties and authority.” General frustration towards all employees who feel that no matter what pay rate, benefits and number of hours worked there is “No Appreciation” for what the Contractor is doing for them. When times are slow, or there is a lag between jobs The Contractor goes to great lengths to keep the employee working.   The Employee is guaranteed to receive pay based on Hours Worked.   Productivity on the part of the employee is optional. The Contractor has no guaranteed profit, or to even break even on the job. Contractors do not have the luxury of going home at the end of 4 hours, 8 hours, at 5:00 PM, taking off the weekend and forgetting about everything until Monday morning. They would like to; but instead, the Contractor is planning, making phone calls, sending emails, meeting clients, ordering material, deliver the material or supplies, so the Office Staff and Field Employees have the tools and equipment needed to do their job.   The Contractor is researching apps and software to make the job easier for themselves and their employees. Time tracking software has the added benefit of GPS. Dispatch software has the added benefit of choosing the best route and the most efficient order in which to schedule the jobs. The Contractor Does Not Need An App To Know Where To Go And What To Do When He Gets There.      The Contractor is squeezing Time to get the most out of every minute. In addition to their own job which includes “Pick Up Work”; completing the jobs left undone by employees to stay schedule and GET PAID!    Common Complaints Contractors Have About Field Employees · Chasing Timecards and receipts · Messy Paperwork or none at all · Mistreatment of Tools and Equipment · Not being proactive and getting fuel in the vehicle · Cleaning up the job, vehicle, dealing with the trash · Being polite and respectful to clients, fellow employees, management The Contractor Is Exhausted Long Before It Is Time To Begin Working On Their Paperwork The Last Thing You Need Is One More Problem, One More Task, One More Anything · Frustration is Looking at QuickBooks and the reports do not make sense. · The contractor doesn't know why the reports are off they just do. · Why is there are a Ton of Bills To Pay after the job is over? · How can there be so much profit on the report; and No Money In The Bank? · Why Am I Not Getting Ahead? The Bookkeeper (who might be the spouse) can only put in the information provided. · Bank Statement and Credit Card statements can be reconciled. · Reconciling Statements are important but will not tell the · The contractor wants to know what jobs are profitable. · Only tying the receipts (COGS) to the jobs and properly entering in the income will produce job profitability reports.   Advice For Better Cash Flow · Get The Money, Get The Money, Get The Money! · Immediately Get Change Orders Signed (and paid) · Be Sure To Charge Sales Tax (if it applies) · Take Advantage of Supplier Discounts When looking at a QuickBooks File there are some common issues that I find: #1 Cash Is Off (How Much Money Is On Hand) · Bank account(s) is not reconciled · Why is this important?  Because when the bank account has been reconciled you the...