What is the biggest task in your construction business? It seems that owners of large or small projects confront the same difficulties from one project to another. Whether you are,
- Small Home Improvement Company
- Painter or
- General Contractor
With 20 years’ experience in this field, you have probably encountered these problems before.
Accounting is important so that you can maintain precise financial records. However, many companies do not implement this vital process. The law also requires keeping accurate books and records. In particular, contractors should monitor the number of clients they owe, the amount they are obliged to pay to the supplier, and other costs. Accounting entails business owners to note down transactions daily, which call for discipline to confirm items are not lost or forgotten. Slipups can cost the company money and be the basis of major financial problems. Indeed, “poor accounting” is one of the main reasons for corporate bankruptcy. Without accounting or bookkeeping, you are running your business blindly.
Business documents such as contracts, receipts, change orders, invoices, material orders, applications, insurance certificates are part of the business. You are most likely to have enough paper to fill your office desks and drawers. This is the time to stop using the paper and digitize them. With a digital solution, you can track documents, systematized in your projects, and make payments in time as being part of your accounting system.
One month free Xero & Support
We BTE Accounting Services understand the problems and challenges a construction business might face. We also understand your hesitation to work with another person for bookkeeping and how the cashflow situation of a business and we offer 30 days free Xero Software & support.
Xero is a cloud-based accounting software that can make bookkeeping very easy for you. We can help you focus more on your business then bookkeeping. All you have to do is schedule an appointment with us, and we will take care of all the rest for you.