Randal DeHart

DECEMBER 27, 2024

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry. you can use our promo code YEAREND40.

Construction 92

Construction bookkeeping accounted Account 92

MyIRSRelief

MARCH 1, 2022

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. As part of our research for this article we discovered many benefits of using a bookkeeping service and we included our top five reasons.

bookkeeping services 100

bookkeeping services bookkeeping Real Estate Non-Profits 100

Randal DeHart

JUNE 7, 2024

In the competitive construction industry, implementing efficient business systems can make a significant impact on the overall success and profitability of a construction business, regardless of its size or specialization.

Construction 89

Construction bookkeeping 89

Xero

APRIL 16, 2023

Since he was young, Johnno Green has had a penchant for construction. From the early days of building cubby houses and forts, Johnno has turned his childhood passion into a growing construction business with a team of carpenters, plasterers, painters and even his own apprentices. And this is how JCG Projects was born.

Construction 111

Construction bookkeeping Account accounted 111

Randal DeHart

JULY 19, 2024

Employee fraud can seriously affect any business; the construction industry is no exception. Unfortunately, we still get calls from construction business owners who unknowingly become victims of this financial nightmare. We have discussed this numerous times in our podcasts and blog posts.

bookkeeping 87

bookkeeping accounts payable Construction accounted 87

Randal DeHart

JANUARY 17, 2025

If you ask 100 business owners what they like least about running a business, bookkeeping will likely rank high. Avoiding your bookkeeping is dangerous, however. Not knowing your construction company's financial situation can result in missteps that could ultimately cost you your business.

bookkeeping 89

bookkeeping Construction 89

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

Construction 89

Construction bookkeeping New Hampshire tax preparation 89

Randal DeHart

JANUARY 12, 2024

Tax season can be a bit overwhelming for construction business owners, especially with many things to keep track of in our industry. We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.

Construction 94

Construction Tax bookkeeping payroll 94

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

Construction 87

Construction bookkeeping New Hampshire tax preparation 87

Xero

SEPTEMBER 28, 2022

Speaking of building, I’m proud to announce our new partnership with Procore , connecting their industry leading construction platform into Xero. . Chances are if you work in the construction industry, have a large client base that does, or are looking to expand your focus into the sector, you know who Procore is.

Construction 103

Construction accounting and finance bookkeeping Finance 103

Steve Feinberg

JULY 27, 2022

Running a construction business isn’t like running other goods or services-centered businesses. Shifting costs, increased liability, and a job-centric pricing model are just some of the major differences that make contracting a unique business—and unique businesses require a different approach to their bookkeeping.

bookkeeping 52

bookkeeping Construction accounting and finance payroll 52

Steve Feinberg

JUNE 29, 2022

Every business needs a strong bookkeeping system at its core to account for the everyday variables that make a business profitable— taxes and fees , payroll, expenses, etc. Bookkeeping is a highly specific task, and it’s understandable that not every business owner would know how to, or would even want to, take on the job themselves.

bookkeeping 52

bookkeeping Construction bookkeeping services payroll 52

Randal DeHart

SEPTEMBER 9, 2022

Looking for ways to make your job easier is the goal of all construction contractors. The opposite of too much change can create another form of chaos. How do you know what is broken if you change a zillion things all at once? The last thing you want to hear from your staff or a trade contractor is, "Do you want me to do that over?"

Construction 77

Construction bookkeeping Account accounted 77

Randal DeHart

MAY 13, 2022

Every day you make financial decisions about your company, which affect how successful and sustainable your construction business is. If you're responsible for the bookkeeping and all the paper management (bills, receipts, estimates, invoices), you could be making errors that affect your decisions.

Construction 78

Construction bookkeeping bookkeeping services Technology 78

Randal DeHart

DECEMBER 27, 2024

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry. you can use our promo code YEAREND40.

Construction 79

Construction bookkeeping accounted Account 79

Randal DeHart

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. The key is continuously refining your construction company's practices and procedures.

Construction 76

Construction bookkeeping Account accounted 76

Randal DeHart

SEPTEMBER 27, 2024

Construction companies are not spared and are even more vulnerable to various fraudulent activities, from bid rigging and inflated costs to payroll fraud and misuse of funds. What can you do as a construction business owner with three or more employees? Fraud can be a significant threat to businesses of all sizes in any industry.

bookkeeping 92

bookkeeping Construction Expense Management payroll 92

Randal DeHart

SEPTEMBER 8, 2023

Not everyone knows construction accounting, and it is easy to assume all accounting is the same. Even if you have outsourced your financial functions, as a small construction business owner, having a solid understanding of critical financial concepts is crucial to work with your advisor and 'speak their language".

Construction 90

Construction Start-ups Account accounted 90

GrowthForceBlog

APRIL 29, 2024

This means each dollar spent on labor must generate an adequate ROI to justify the expense… Improve Performance With Outsourced Accounting: At GrowthForce, we specialize in working with clients who run service-based businesses such as construction firms in the AEC industry…

Construction 80

Construction Account accounted accountant 80

Randal DeHart

JULY 26, 2024

The recent cyber outage is a stark reminder of digital systems' vulnerability and potential impact on businesses, including those in the construction industry. This incident offers several critical lessons for construction bookkeeping.

Construction 95

Construction bookkeeping Account accounted 95

Randal DeHart

DECEMBER 22, 2023

Outsourcing can offer a range of advantages for small construction businesses in today's competitive market. Small construction businesses can streamline operations, increase productivity, and scale faster than ever by working with external professionals or firms who work in certain areas. And that means they need to reduce costs.

Construction 93

Construction Account accounted accountant 93

Steve Feinberg

AUGUST 30, 2022

When it comes to running a construction firm, bookkeeping is one of the most important aspects of keeping your finances in check, your budget balanced, and your business profitable. But construction isn’t like a sales-based business, which may only have a single revenue stream and predictable expenses from quarter to quarter.

bookkeeping services 52

bookkeeping services bookkeeping Construction payroll 52

Xero

JULY 28, 2022

Like his renovations, Johnno built his business on strong foundations; a solid client list, good processes and some valuable advice from his bookkeeper, Gecko Bookkeeping. Initially we considered an overdraft or bank loan to get us by, then our bookkeeper suggested we apply for invoice finance through Xero.

bookkeeping 88

bookkeeping accounting and finance Start-ups Finance 88

Randal DeHart

SEPTEMBER 15, 2023

Unfortunately, when a construction business grows, and staff need to be hired – or the owner needs to take time away from the company – it's an absolute liability not having processes and systems documented in one place. To run a construction business, you must be business-like. If so, your construction business won't last long.

Construction 89

Construction quickbooks bookkeeping Account 89

Randal DeHart

AUGUST 16, 2024

Avoiding cash flow crises is crucial for the success and sustainability of your construction business. Managing cash flow is vital for small business owners. Poor cash flow management can create significant challenges even if your business is profitable.

Construction 90

Construction payroll Sales quickbooks 90

Randal DeHart

FEBRUARY 21, 2025

But what does it really mean, and why is it crucial for your construction business's success? If you've been a long-time reader or a contracting company owner, you've probably heard about " Cost of Goods Sold " (COGS). Understanding COGS isn't just about accountingit's about making smart decisions for profitability, pricing, and more.

Construction 74

Construction Manufacturing Sales quickbooks 74

Randal DeHart

OCTOBER 13, 2023

In the construction business world, one constant factor you are likely to encounter is change, particularly in the financial landscape. Understanding how this impacts your construction business and identifying solutions to counteract these effects can be vital to sustaining and growing your company.

Construction 86

Construction Finance bookkeeping services bookkeeping 86

Randal DeHart

APRIL 7, 2023

Starting a construction business is not for the faint of heart. Work with an accountant or bookkeeper to help you identify issues with your cash flow as soon as you know there's a problem–or to prevent one before it happens. A certain level of stress comes with ensuring your company's success.

Construction 76

Construction bookkeeping Maine Start-ups 76

Randal DeHart

OCTOBER 14, 2022

In the past, Construction Project Managers were laborers or served an apprenticeship in one of the skilled construction trades and were promoted to foreman. Because of this, many construction companies failed and went out of business due to the Cost of Chaos in their businesses. And it is still happening today.

Construction 84

Construction quickbooks bookkeeping 84

Randal DeHart

SEPTEMBER 13, 2024

In today's competitive business landscape, establishing a personal brand is essential for standing out in the construction industry. Whether you're a contractor, architect, or engineer, cultivating a professional image differentiates you from competitors and fosters trust and credibility among clients and partners.

Construction 84

Construction bookkeeping Account accountant 84

Randal DeHart

SEPTEMBER 6, 2024

Consider this scenario: A couple wanting to sell their house expresses interest in your remodeling service, presenting an exciting opportunity that could significantly elevate your construction business. However, they have a requirement: they want the job done in three weeks. Now, you're caught in a challenging position.

Construction 88

Construction Finance Sales bookkeeping 88

Randal DeHart

DECEMBER 29, 2023

If so, your construction business won't last long. Many people who are 'very good at what they do' have failed. The familiar cry: "I'm far too busy for that" is no excuse. Are you 'too busy' to be a competent businessperson? You must continue to develop your business skills.

Construction 91

Construction bookkeeping Account accountant 91

Randal DeHart

FEBRUARY 17, 2023

How often have you hired someone with the expectation that they know how construction works, and then you found out they did not know about it? You are a master in the construction industry, so you recognize what to look for in your particular field and quickly observe if someone has the skillsets, and you proceed accordingly.

Construction 86

Construction tax accountant Account accounted 86

Randal DeHart

MAY 6, 2022

Success in operating a profitable construction business is all about maintaining the proper balance of control over both The Profit Centers and The Cost Centers. If either one gets too powerful and is allowed to run your construction company, it can cause more damage than good.

Construction 84

Construction Non-Profits Technology bookkeeping 84

MyIRSRelief

APRIL 29, 2024

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. Get business tax & bookkeeping help by contacting us today! to minimize your tax burden and maximize profits.

Tax 130

Tax bookkeeping Entertainment Account 130

Randal DeHart

SEPTEMBER 1, 2023

Mistakes can be expensive in the construction business, and as an entrepreneur, although you'll know many of the regulations that apply to your business, there are so many that you can't possibly remember all of them.

Legal 91

Legal Construction bookkeeping 91

Randal DeHart

SEPTEMBER 22, 2023

Every construction business can benefit from dedicated financial management expertise, but very few small companies have the means to hire someone full-time—particularly in the lean early years. Their specialty is providing outsourced CFO services to small and medium businesses.

Construction 88

Construction Start-ups Finance quickbooks 88