Contractor Success M.A.P.

0331: Build A Construction Accounting System That Works For Your Company


Listen Later

This Podcast Is Episode Number 0331, And It Will Be About Build A Construction Accounting System That Works Best For Your Company   Construction is a tough business, and people failure is common. Most of our clients have either failed or come very close. It doesn't matter how many times you are knocked down; it only matters that you learn your lessons, get up, and go again. Some lessons we already took note of years ago, having owned and operated our construction company. By building a system and gaining insight from us, you can pick up from our mistakes which you don't have to go through and can start avoiding before it comes crashing down.    We are deeply passionate and committed in the construction industry that we want to support you, our clients and readers, to achieve your definition of success. Whether you're a contractor, owner, spouse, a business professional, bookkeeper, or accountant; we understand your frustrations because we've been where you are now, and we're here to help.   Introducing Construction Accounting Academy   Fast Easy Accounting's online learning platform is the answer you've been looking for. Through the self-paced courses taught by The Contractors' Accountant, Randal DeHart, you can focus your time and effort in gaining knowledge and understanding of construction accounting concepts particular to your needs.   We have proudly produced 12 classes in our initial launch with more to come in the following weeks. Each course was designed for QuickBooks users from all levels - Beginner to Experienced. Our goal is to provide the student with suitable and useful information to build a construction accounting system specific to their type of construction business and company role.   Click each course name to learn more/enroll:   Ultimate Job Costing Solution For Contractors   Develop a cost library of work packages. Gain a competitive advantage by investing your time, energy, and resources to build and maintain one properly. Access to your job history can help you accurately calculate future jobs.   Land Developer Using QuickBooks Desktop   Analyze Work-In-Progress reports. Unforeseen cash flow issues can lead to construction delays, business, and personal bankruptcy. Make use of WIP schedule to keep track of your projects and percentage of completion.   Five Key Performance Indicators For Contractors   The five reports you review at 5 PM for 5 minutes will help you assess your business performance. Start making informed decisions and optimize the future of your company through the KPI approach and best practices.   Spec Home Builder Using QuickBooks Desktop   Set up cost codes and get rid of your poor Spec Home Builder Accounting system once and for all. Establish a breakdown using Labor, Material, Other Costs, and Subcontractors (LMOS).   Land Developer And Spec Home Builder Using QuickBooks Desktop   Without proper tracking and matching of income and expenses, you'll never know if you made a profit until the job is over. With long business cycles, and huge construction expenditures, most land developers and spec home builders feel there is never enough money to cover the costs.   The chaos of day-to-day operations, economy change, compliance issues, new regulations, natural disasters, and several other factors that are beyond control are potential risks to one's business.   Start building a process-dependent system and set up your QuickBooks Desktop account to work for your Land Developer and Spec Home Builder Company.   Contractor Bookkeeping In Ten Minutes A Day   Accurate bookkeeping matters. Your construction company's financial health relies on correctly recorded transactions and data. A proper bookkeeping system can help you stay on top of your debts, figure out where your profits and losses are coming from, prepare you for tax season, and brace your company for potential growth....
...more
View all episodesView all episodes
Download on the App Store

Contractor Success M.A.P.By Randal DeHart, PMP, QPA