When you first became a construction contractor or construction service business owner it was pretty simple – get a job, do the job, get paid, see how much money you made. Now, things are different. You have people working for you, people who rely on you in order to make a living.
Knowing the whats, hows, and whys of construction accounting has become much more difficult.
Following are 5 critical problems Schulte and Schulte solves for clients on a regular basis.
Not knowing how to maintain cash flow
“Projecting future cash flow is something I’ve never understood how to do.”
Solution: Once the system is implemented you’re “in the know” daily concerning all the angles of cash flow.
Not having proper records for the IRS and for other potential needs – like proving credit worthiness
“I’m not even sure what I should keep, much less how to keep it.”
Solution: Your records are brought up-to-date and kept current so you’re always ready for both the IRS as well as for investors or loaning institutions.
Constantly having to chase work to build revenue
“It seems if I’m going to make money I always have to find new work (some I don’t even want to do) and it drains my time, energy, and capital. There’s got to be a better way.”
Solution: You’re taught smarter ways of maximizing revenue rather than the eternal work chase.
Not understanding their job costs
“I know it is more than just what I pay my people and how much I paid for supplies, but I’m not sure what all goes into job costing.”
Solution: You know what the job costs are for each job and for each type of job, giving you valuable insight concerning future jobs.
Not having enough time in the day to do it all as a small business owner
“I don’t hardly have time to breathe, much less time for figuring out all the ins and outs of construction business accounting.”
Solution: You’re relieved of trying to “figure it out.” The Schulte and Schulte pros take away much of the “drudge” of bookkeeping while informing you regularly about the financial health of your construction contracting or service business.
Solution: Maximizing Your Profits.
Now that you know we offer solutions for your critical problems, it is time to stop messing around and trying to figure it out yourself. Reach us through this number 480-442-4032 or get in touch here.