Bookkeeping and accounting have a few key distinctions.

Have you ever wondered why the bookkeeping and accounting for your contracting or trades business are so challenging? Well, there is a very real reason, and no it's not because you hated math in high school.

A lot of it has to do with the fact that your project lifecycles and the cash inflows and outflows that happen therein don’t follow the gridded and calendarized rhythms of accounting cycles.

They march to the beat of a different drummer (so to speak) and this can create all sorts of headaches and confusion when it comes to both your books and your bank account.

Our guest on this episode of Contractor Evolution is Leeroy Beeby, Co-Founder of Check the Level - an accounting, bookkeeping, and software provider.

Check The Level was created for general and specialty contractors to master their pricing, profits, and cash flow. They do this through both managerial accounting as well as their proprietary reporting software. What’s unique about Leeroy’s perspective is he has back-end access to the budgets, P&Ls, cash positions, and pricing systems of hundreds of contractors all over North America and is able to see large-scale patterns in a way almost no one can.

To dive into the common practices that are shared by the top 10% of contractors (as well as the common mistakes made by the bottom segment of contractors) watch this episode.

Highlights:

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