Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 0282, And It Will Be About Three Easy Ways for Contractors to Save Money on Home and Kitchen Design   Today's Guest Article Is From Mason Gregory When designing a home, it can be very easy to allow the costs to mount up and to get out of hand. Contractor who need to save money can struggle to know where to cut back, so this article will give three top tips for easy ways to cut costs and to get great value for money. 1. Opt For An Open Floor Plan If you go for an open floor plan for your home design, you’ll find that you can use a smaller footprint but with greater flexibility. Planning for one large downstairs room that incorporates a kitchen opening into one larger space will allow greater versatility when it comes to how to use that space. One family may choose to use that space for dining and relaxing, while another family might prefer to use part of the area for studying or work, and yet another might want to create a play space for the kids within the larger open plan room

This Podcast Is Episode Number 0281, And It Will Be About How to Write a Proposal To Win more Construction Projects Today's Guest Article Is From Emily Watts The construction market is very competitive, and this means that you should be able to write the most attractive proposal. The bidding process can be a little bit frustrating if you don’t know how to do it right. But learning how to write a business proposal will definitely improve your chances. The art of proposal writing is all about selling yourself. You need to convince your target clients that you are the best for the job. Most professionals will think about cutting down on their profits in order to land more bids. But this is not the best thing that you can do. As a matter of fact, this policy can a lot more in the long run. A contractor who does this might be landing more projects, but won’t be able to improve their services or pay their employees because they are not making enough profit. If you are planning to write your own offer, it is a goo

This Podcast Is Episode Number 0280, And It Will Be About Unique Contractor Bookkeeping Problems With Receivables Challenges Of Keeping Accounts Receivable Simple And Up To Date Creating an invoice for the entire project seems like it is the simple way to track payments and have the current balance. The harsh reality is that if all of the work is NOT done Accounts receivable is reflecting a balance due that is NOT REAL. With Change Orders to the projects (up or down), the original contract is usually not the end number. Accounts receivable is a reflection of money you expect to collect NOW. More extensive projects (especially new construction) the billing and payment schedule typically is a bill on the 25th of the month and hope to be paid on or before the 10th of the following month. Anything not paid is going to age on the Accounts Receivable (A/R) Aging Summary. Job Deposits, Retention, Notes Receivable (long-term payment plans) are not part of Accounts Receivable. Credits from suppliers, repayment of Loa

This Podcast Is Episode Number 0279, And It Will Be About Construction Contractors Need A Nudge To Change Construction Contractors know lots about the work they do. As an expert in their fields from finish carpentry, tile setter, masonry, roofer or landscaper the finished product looks beautiful. When a skilled craftsman does the work, it looks effortless. Others think I could have done that. Most of the time we are so busy looking for the finished product that we are unappreciative of all the work that happens behind the walls, floor, and ceilings. It is magic when we turn on the light switch, run the dishwasher, start a load of laundry and take a shower or turn the thermostat up or down. Air Conditioning is awesome on a hot day. For us; in the Seattle area, “Hot” is only slightly warm to Phoenix, Arizona or many parts of California. Seattle gets much Rain and once in awhile snow (like over my house) it may be raining everywhere else, but if there is snow in the forecast, I will see snow for a little while.

This Podcast Is Episode Number 0278, And It Will Be About Hot New Construction Accounting Services At Fast Easy Accounting New Services For Contractors At Fast Easy Accounting We are continually searching for more and better ways to remove time wasting paperwork chores so you can focus on what you do best, running your construction company. Change occurs every day in our lives. (Hint: Only wet babies like change). Fast Easy Accounting must adapt to the needs of our Clients in a world that is mobile. Ten years ago, we only worked with clients in Washington State. Now our clients are all over the USA. With the addition of Fast Easy Accounting Store, we have helped Construction Contractors outside of the US. Contractors all over the world have common issues. QuickBooks and Xero Customized Setup, Chart of Accounts, Items Lists – We Can Help A Little or A Lot depending on your needs. Our Primary Focus Has Been Construction Contractors In The USA Now we have some new tools, technology and apps like Xero Accounting

This Podcast Is Episode Number 0277, And It Will Be About Construction Contractor Embezzlement Detective - Kelly Paxton Part 2 of 2 Kelly Paxton specializes in finding and helping Construction Contractors, other businesses, and government agencies root out Pink-Collar Crime in their companies. The term Pink-Collar Crime was made popular Dr. Kathleen Daly in the 1980s to describe a type of embezzlement crime committed by female employees who may have limited opportunity. It is thought women in this situation may have a history of committing low level crimes such as check kiting and bookkeeping fraud. Part of the reasoning is women tend to be in less powerful positions compared to men who had a history of engaging white-collar crime. During our Podcast interview which you can listen to Part 1 by clicking the play button above I asked Kelly why she became interested in Pink Collar Crime. She replied "...When I started working at the Sheriff’s Office I became intimately involved in seeing the devastation caused

This Podcast Is Episode Number 0276, And It Will Be About Interview With Brian Javeline Of MyOnlineToolBox.com Today's Article Is From Brian Javeline Of My Online Toolbox While the title of this story mentions website leads, planning also can incorporate many other forms of leads.  However, we decided to focus on website leads since so many contractors simply do not have a great online presence designed to capture more quality business opportunities. Go open your last version of your Marketing Plan.  You will then not believe how fast time flies by.  It will feel like just the other day where many of you were making all sorts of plans to change things, then time went by, then you got busy so the plans went in the to-do pile.   Unfortunately that implies that you are not doing anything specific to attract better customers. Many people have never had a Marketing Plan at all, which is even worse than not following through on your plans.  It is kind of like constantly building something without any measurement

This Podcast Is Episode Number 0275, And It Will Be About Construction Contractor Embezzlement Detective - Kelly Paxton Part 1 Of 2 Kelly Paxton specializes in finding and helping Construction Contractors, other businesses, and government agencies root out Pink-Collar Crime in their companies. The term Pink-Collar Crime was made popular Dr. Kathleen Daly in the 1980s to describe a type of embezzlement crime committed by female employees who may have limited opportunity. It is thought women in this situation may have a history of committing low level crimes such as check kiting and bookkeeping fraud. Part of the reasoning is women tend to be in less powerful positions compared to men who had a history of engaging white-collar crime. During our Podcast interview which you can listen to Part 1 by clicking the play button above I asked Kelly why she became interested in Pink Collar Crime. She replied "...When I started working at the Sheriff’s Office I became intimately involved in seeing the devastation caused

This Podcast Is Episode Number 0275, And It Will Be About Four Project Management Tips and Tricks for Construction Contractors  Today's Guest Article Is From Chanell Alexander  ---------------------------------------------------------------------------------- Capital projects bring a numerous amount of moving parts for construction contractors to regulate as project managers. Once someone scores the bid, the planning and strategy almost begin immediately. The leadership of the team, budget, design quality, and management of time rests on the head of the contractor. How can these professionals diminish the stress and stay on task? Read on for four project management tips and tricks for construction contractors. Make Planning a Daily Practice Contractors should always go into every project with a comprehensive construction plan that includes a strategy for budgets, hiring, and procurement for suppliers. Monitoring these developments should be a routine practice. Contractors should spend at least 10 to 20 minute

This Podcast Is Episode Number 0273, And It Will Be About Home Pro Success Helps Contractors Generate High Quality Leads Home Pro Success And How They Help Contractors Generate Leads Leads, Leads, and more Leads! That is what contractors want! You post it on hundreds of forums, you talk about at the business network events with your friendly competitors. Facebook is one of the hottest places to generate leads for your construction contracting company. It works for Handyman, Trade Contractors, General Contractors, Remodel Contractors, and home builders. I had the pleasure to interview Corey Philip, founder of HomeProSuccess and he shared some tips and tricks to help contractor like you get more qualified leads. 1. Keep It Simple Because Simple Works. Corey is a huge fan of data, without over complicating it because too much data slows down the buying process. He would rather keep everything simple and consistent, and he applies that to everything in his business from operations to accounting, and marketing. 2.

This Podcast Is Episode Number 02##, And It Will Be About ###   Today's Guest Article Is From Tom Jager, professional blogger  ---------------------------------------------------------------------------------- American science writer Robert Heinlein once said: “Progress is made by lazy men looking for easier ways to do things.” Do you agree? That’s okay if you don’t because laziness is a quality that is not commonly associated with success. However, working as little as possible is a strategy that many people embraced and ultimately reached new heights. For example, Dana Brownlee, the president of a corporate training company Professionalism Matters wrote on Entrepreneur that the “Lazy Entrepreneur” philosophy helped her to become incredibly successful and enhance her business in a unique way. So can laziness be good for business? What about contractors - can they be both lazy and successful? Undoubtedly, working as a contractor requires a lot of hard work and dedication to succeed, because the profession req

This Podcast Is Episode Number 0271, And It Will Be About QuickBooks Training For Land Developers And Spec Builders Using QuickBooks For Your Land Acquisition, Land Development, And Spec Home Building Company Looks Simple - But It's Not! Many Land Developers and Spec Home Builders set up QuickBooks or hire someone to do it for them, and they do not understand the difference between Construction Accounting and Regular Accounting the results can be disastrous when you need Work-In-Progress, Job Costing, Estimates Vs. Actuals, Profit & Loss, and Balance Sheet Reports that accurately reflect the financial state of your Construction Company. The last thing you want to do in give your banker or investor a Profit & Loss Report showing your company is losing massive amounts of money simply because QuickBooks was set up wrong for your type of business. Knowing how to use Work-In-Progress, Direct and Indirect Construction Costs is key. Understanding Overhead, Other Expenses, and Other Income compounds are also

This Podcast Is Episode Number 0270, And It Will Be About Construction Contractors Need Help From Knowledgeable Advisors Everywhere there a Buzz Words and lots of people who say they are Experts in their field. Question is What the Expert knows is in a topic that is useful to you? Everyone wants to be paperless. It is not so much about saving a Tree as saving Time. How can I get to My Bookkeeper, My Accountant, My Tax Accountant the information they need to develop the reports? Most contractors tell me "Actually, I don’t want the reports I only want to know "scraps of information" so I can run My Business better. If there is an easy way to get the job done; I want to know it. There must be an App For That." There are several apps and we have one just for Construction Contractors. It does a lot but no app does everything. One of the first questions I am asked is do I have to keep my receipts? After all, I used my debit card, and it is all on the bank statement Bank Statements do not give all of the informati

This Podcast Is Episode Number 0269, And It Will Be About Facebook & Twitter Marketing - Sword for Small Contractors in Ranking Battle!   Today's Guest Article Is From Carol Writer Carol Is A Writer & Editor at Primetimeessay.com  ----------------------------------------------------------------------------------------------- It is incredible to see how the Social Media is affecting the organic rankings generated by search Engines. Social Media is accepted as one of the factors/parameters when considering ranking of the page. It allows small size companies to reach large target audience using Facebook Marketing and Twitter Marketing. Combine these giants with your excellent quality content, and you are ready to make a mark on your competitors. The reason I say Social Media can prove to a sword Companies is you can directly meet and interact with your target audience. It is always great if you have direct interaction with your audience as it would help you to convince them as they are your potential cus

This Podcast Is Episode Number 0268, And It Will Be About Insight Into The World Of Practicing Project Management (PMP)   Today's Podcast Is Based Upon A Guest Article Is From Anna Marsh ----------------------------------------------------------------------------------------------- The history of mankind has accumulated an impressive list of successfully implemented complex projects. From the construction of the Pyramids in Giza to the dispatch of man to the moon, the most courageous human undertakings required the coordinated work of thousands of people. And this implies a complex project management system. And although only a few of us will face the challenges of this scale, most readers of this blog somehow encountered project management. According to PMI estimates, by 2020, 15 million new positions of project specialists will appear - and many other professionals often have to manage mini-projects, at least on a personal level. In simple words, Project Management is the management and organization of ever

This Podcast Is Episode Number 0267, And It Will Be About Top 10 News 2018 Related To Construction Today's Guest Article Is From Carol James-Petrol, Manager Of Stancespice.com  ----------------------------------------------------------------------------------------------- Currently, in the United States is a large number of construction projects that strike not only their idea but also the estimated value. With the various megaprojects that are built or destroyed, it's difficult to track their development. Although all the construction projects are expected to fully open or reach significant milestones this year. Why is it important to consider the largest construction work? There are two main reasons. The initial one is in the fact that such projects https://stancespice.com/  can affect the total volume of the dollar. That is, the time and size of these projects have an exaggerated effect on market forecasts and this is a huge number of new jobs. It's clear that 2018 is a great year for large construction pr

This Podcast Is Episode Number 0266, And It Will Be About Seven Deadly Construction Accounting Mistakes "Early To Bed, Early To Rise, Know Your Numbers And Advertise" Unfortunately, with everything contractors like you need to do every day including weekend and holidays it’s too easy to let crisp, timely Financial Reports go unread and in some cases, you may not fully understand what they are telling you when you do read them. #1 Not Tracking Direct Construction Costs For Each Job Or Project If you want to know where you are making and losing money you need to implement a system of Job Costing. These Reports Can only be found in the Premier Contractors and Accountants editions of QuickBooks. Some of them are also available in the Professional Services edition.   We offer Job Costing Report Service click here to learn more  #2 Not Allocating Overhead To Jobs In order for your Job Costing and Job Profitability Reports to be useful you need a way to allocate overhead among jobs. Overhead generally refers to co

This Podcast Is Episode Number 0265, And It Will Be About Generating High Quality Lead Generation For Your Contracting Company ----------------------------------------------------------- Today's Podcast Is Based On A Guest Article Is From John Leutermann Founder Big Rock Online Marketing Are you a contractor looking to generate new business leads? You may have already invested in a quality website, but are still failing to see it generate the results you expected. Or maybe you have yet to delve into any marketing at all. In this Podcast Randal interviews John Leutermann, a digital marketing expert who specializes in growing contracting businesses online. Randal and John discuss the important questions you may have when considering investing in internet marketing services.  John has been doing digital marketing for over 10 years. He previously worked for an advertising agency for over five years. At the agency, he managed the websites, SEO, and digital marketing for over 60 local contractors. John currently w

This Podcast Is Episode Number 0264, And It Will Be About How To Manage Your Money Effectively As A Construction Contractor Today's Guest Article Is From Damien Troy  --------------------------------------------------------------------------------------------- If you’re unsure how to manage your money effectively as a construction contractor, then look no further than this article. There are a number of easy ways you can manage your money effectively, including working alongside an architect who produces cost-effective designs, to investing in high-quality tools from day one. Whilst short term loans such as those available at Wizzcash.com are available if you find yourself in a personal financial emergency, managing your money effectively as a construction contractor is paramount to make a decent profit. You can find out exactly how below! Design Effectively Even though managing your money effectively as a construction contractor can be difficult, it’s not entirely impossible. The first step to managing you

This Podcast Is Episode Number 0263, And It Will Be About 0263: Learn Construction Accounting Basics From The Contractors Accountant, Randal DeHart Are You A Handyman Contractor Struggling With Accounting? Would You Like Learn Construction Accounting Basics From The Contractors Accountant At A Fraction Of The Cost? Click Here To Sign Up Now! Use Coupon Code DEHART15 Valid Until 04-06-18   MASTER ACCOUNTING BASICS: CONTRACTOR EDITION Course runs from April 23, 2018, to June 1, 2018. Master Accounting Basics: Contractor Edition will teach you important accounting principles including the 3 “O’s” of the balance sheet, the 5 secrets to make your handyman business more successful, tips for how to handle invoices, and so much more. Join financial and QuickBooks expert Randal DeHart and learn how to determine your business’ financial success and how to grow your income.         Now you can unlock the door to developing a highly profitable contracting business with the Five Key Performance Indi