0037: Why Bookkeeping Takes Longer And Is Painful When Contractors Do It

Every Piece Of Paper, Receipt, Invoice, Bank Statement, Notice, Loan Statement Triggers A Memory And You Relive It Again And Again!

Three Examples:

#01 Every Invoice when you did not get paid or took a discount

#02 Every Receipt for materials, subcontractors or other costs

#03 Every Time Card reminds you of what your employees did or didn't do

When your bookkeeper or your outsourced contractors bookkeeping service does the day-to-day bookkeeping they are not emotionally invested in every transaction, which is why it takes them only a small fraction of the time to do your contractors bookkeeping and accounting services.

They did not live the event, which means 100% of their focus, and concentration is on getting the transactions into QuickBooks or Xero Accounting Online ASAP!

Put Your Time And Effort Into Making Money

As the contractor you are the most valuable employee in your company. You have the most versatile skill sets of anyone in your company and it can be a blessing or a curse.

If you believe you are the only one who can do anything right and nothing can be done without your oversight and approval your construction company is and will continue to be a nightmare until you snap out of it and turn it into a wonderful dream.

What is the one thing you and you alone can do for your construction company that nobody else of the face of the earth can do? Make decisions. That is the one thing only you can do.

Everyone else involved with, dependent upon and involved with your construction company including your employees, suppliers, vendors, customers, clients and tax agencies will support you or destroy you based upon one and only one criteria; do you make good decisions on bad ones.

Do your decisions add value to society as a whole and raise the value of your company and by association raise the value of everyone around you?

Bill Gates raised the value of Microsoft immensely by focusing his time and effort on the things only he could do and because of his leadership and strategic vision amassed a fortune for himself and thousands of people around him.

Your construction company may not rise to the level of a multi-billion dollar global enterprise; however, what would it be worth to you if it became a five million dollar local company generating net 20% net profit every year? That would mean one million dollars a year before taxes in "Hip National Bank".

What if it only did 1/2 as well and became a $2.5 million dollar a year company generating 10% net profit every year? That would mean you would be putting $250,000 dollars a year before taxes in "Hip National Bank".

Let's take it down a notch and say it only did 1/4 as well and became a $1.25 million dollar a year company generating 10% net profit every year? That would mean you would be putting $125,000 dollars a year before taxes in "Hip National Bank".

How would your lifestyle change with any one of those income levels and would it be worth it to consider changing the way you are doing things now? If you do what you have always, done you will get what you have always gotten?

In order to do anywhere near that kind of volume you have to stop doing the things you are no good at like contractor bookkeeping.

You can hire a qualified construction accountant and plan on spending $50,000 for annual salary and another $50,000 a year for their payroll taxes, overhead, continuing education, benefit package, office space, computers, printers, software, hardware and more.

For a complete list of what you need to hire and keep a qualified construction accountant click here.

Or you could outsource the entire contractor bookkeeping service to someone like us who has a complete contractors bookkeeping services system with a team of construction bookkeepers, construction accountants, project managers, payroll and tax specialists all working together to see to it your contractors bookkeeping needs are done right and on time. Not just one lonely bookkeeper but a team of specialists dedicated each area of your contractors bookkeeping service needs.

Having your spouse or girlfriend, boyfriend do the bookkeeping is even worse because you will double your pain since they will bring it up during conversations when you are supposed to be resting and recuperating at home or on vacation.

This is one more example of how Fast Easy Accounting is helping construction company owners just like you 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

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com