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

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

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 accountant 77

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 87

Construction tax accountant Account accountant 87

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

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 94

Construction Account accountant accounted 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 89

Construction bookkeeping tax preparation New Hampshire 89

Randal DeHart

JUNE 16, 2023

But with so many accounting principles and practices, it can be challenging to know where to start. This guide will break down the essential accounting principles that every small business owner should know. Why Are Accounting Principles Important for Construction Businesses? That's where we come in!

accounting concepts 77

accounting concepts Construction accounting principles Account 77

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 tax preparation New Hampshire 87

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 91

Construction Start-ups Account accountant 91

GrowthForceBlog

FEBRUARY 20, 2024

7 min read In the AEC (Architecture, Engineering, and Construction) industry, the core function of your business is a far cry from bookkeeping and accounting. Key Takeaways A Quick Comparison: Both Intacct and QuickBooks offer comprehensive accounting software features.

accounting software 85

accounting software quickbooks Account accountant 85

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 accountant 76

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 108

Construction bookkeeping Account accountant 108

Steve Feinberg

MARCH 15, 2023

Construction companies and tradespeople both have difficult jobs requiring long hours, skilled labor, and plenty of liability if the final product isn’t up to snuff. Without proper financial oversight and budgeting, enough of these bad jobs can put a cabinetry company out of business—and that’s where bookkeeping comes in.

bookkeeping 52

bookkeeping Construction New Hampshire accounting and finance 52

VetCPA

SEPTEMBER 8, 2022

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. You don’t take bookkeeping as seriously as you should. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business.

small business accounting 130

small business accounting business accounting bookkeeping Account 130

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

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 79

Construction bookkeeping bookkeeping services Technology 79

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

Steve Feinberg

OCTOBER 31, 2022

And while a good landscaper needs to know their tools, clients, and capabilities, running a profitable business requires detailed bookkeeping—a role that not every business owner might feel comfortable stepping into. Let’s take a look at why bookkeeping for landscape business is so important and what owners can do to keep the books balanced.

bookkeeping 52

bookkeeping Construction New Hampshire tax return 52

Reckon

OCTOBER 2, 2023

Mary Hennessy has operated her own bookkeeping business for over 24 years. We sat down for a chat with Mary just last week… How did you first get into bookkeeping and what led you to open your own business? I started my own business – All Organised Secretarial and Bookkeeping – 24 years ago, in 1999. He loves it.

bookkeeping 52

bookkeeping payroll Construction bookkeeping services 52

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 93

Construction accounting and finance bookkeeping Finance 93

Randal DeHart

JULY 15, 2022

The key to making Xero Accounting Online work is ensuring your account is correctly set up and maintained. We see pretty common errors - and unfortunately costly - so you should be aware of them if you want to get the most out of Xero's powerful cloud accounting system.

Construction 77

Construction Account accountant accounted 77

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 92

Construction bookkeeping Account accountant 92

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Xero

DECEMBER 7, 2022

This was certainly the case for Carly Shaw from Clarative Accounting. With these aspirations in mind, Carly and her colleague and friend Katie decided to embrace change and founded Clarative Accounting – a practice dedicated to helping small construction companies. . Here, Carly tells the story of Clarative Accounting. .

Construction 63

Construction Account accountant accounted 63

Mark Lee

APRIL 9, 2024

There is a direct parallel with the role of accountants. The key question is how will accountants respond to the changes that are rapidly becoming reality? Well, like accountants, the medical profession do not have to secure full marks to secure their qualifications. How does this relate to accountants? Head in the sand?

Account 104

Account accountant accounted tax return 104

Steve Feinberg

NOVEMBER 30, 2022

Construction and remodeling businesses don’t operate the same way as, say, the corner grocery store. All of these and more can make accurate, effective bookkeeping for remodeling businesses difficult, which can lead to costly mistakes. Why Is Bookkeeping for Remodeling Businesses Different?

bookkeeping 52

bookkeeping Construction New Hampshire payroll 52

Randal DeHart

MAY 12, 2023

It's rare these days that your prospective leads happen to find your construction business and become a client with no work. Keep in mind: Marketing-Accounting-Production Taking steps to create a good foundation in the early days of your business is essential for a sustainable and profitable future.

Construction 77

Construction Sales Account accountant 77

Steve Feinberg

SEPTEMBER 7, 2023

Adding bookkeeping on top can be more than most contractors are willing or able to handle. Bookkeeping helps you do just that. Bookkeeping helps you do just that. Let’s look at some of the best tips and advice for bookkeeping for home service contractors.

bookkeeping 52

bookkeeping bookkeeping services bookkeeping software accounting and finance 52

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

Steve Feinberg

JANUARY 30, 2023

All of the industry experience necessary to run a functioning HVAC company leaves little time to learn the minutiae of business accounting, bookkeeping, taxes, and payroll—unfortunately, these things are exactly what can keep even the best businesses from turning a profit. Let’s take a look at five bookkeeping tips for HVAC companies.

bookkeeping 52

bookkeeping Construction small business accounting accounting software 52

Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

Real Estate 115

Real Estate Account accountant accounted 115

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 75

bookkeeping accounting and finance Start-ups Finance 75

Randal DeHart

DECEMBER 16, 2022

Most construction business owners who reach out to us describe this as their "Year End Madness" to prepare their documents for the tax accountant. The end of the year tends to be chaotic for construction company owners, but it's an excellent time to get some extra housekeeping done for your business. The year is almost over.

Construction 78

Construction tax preparation quickbooks tax accountant 78

Randal DeHart

FEBRUARY 3, 2023

Operating and growing your construction business requires more than functional and skilled employees, but it's an excellent start. Building a construction business requires collaboration and partnership. You need a steady stream of quality, paying clients to keep your company afloat.

Construction 78

Construction bookkeeping Account accountant 78

Randal DeHart

NOVEMBER 11, 2022

Folks accustomed to getting things done quickly and efficiently do not mind paying professionals for servicing, repairing, remodeling, or building new construction projects related to their houses and commercial buildings. Understanding the High-Profit Client Most of them have personality traits commonly known as drivers.

Construction 77

Construction payroll tax payroll bookkeeping 77