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You may have heard about it, or you are using it for a while now for your construction business. But there are a lot of hidden gems in Quickbooks Online for contractors that you don’t know about. In this video, I’m sharing some of the features that may be really helpful in growing your construction businesses and keeping your finances under control.
My name is Elizaveta Boals, and I’m the owner of Beyond Books Solutions: Remote bookkeeping and advisory services. We help contractors to save time, money and pay themselves more!
We have years of experience working with construction companies only because we understand how different your industry is from any other.
We will lead you through your finances and make sure that nothing gets lost in it. We will be there to help, to advise, and grow your business!
Avoiding burnout is hard, but whenever you feel like you are burned out and ready to give up, it is actually the right time for changes. So what is the first step to the peaceful state of mind in our business? You guessed it right: systems and processes!
The only way to know if the price you charge is enough is if you know your numbers. So let’s make sure you know the financial requirements for operating a successful business.
Financial statements show the current financial health of a business, as well as provide a glimpse into future trends.
Having financial statements is one thing, but knowing what’s in them and how to interpret the data is another. It helps you make informed, strategized, and profit-focused decisions.
Today we will find out why many construction businesses fail, how to not only survive but thrive, and how a success mindset can help you.
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The Department of Labor’s update finalizes the independent contractor rule. Construction companies already work with contractors and sub-contractors, and if you don’t abide by these rules, it can lead to some significant financial consequences: Four lawsuits are pending in Louisiana, Georgia, Texas and Tennessee to challenge the changes. If you work with anyone who may […]
In 2022, the Financial Crimes Enforcement Network (FinCEN) issued a final ruling on implementing the beneficial ownership information (BOI) reporting requirements of the Corporate Transparency Act (CTA). The purpose of the CTA and new reporting requirement is to help the U.S. modernize its anti-money laundering efforts. Unless you run your construction business as a sole […]
Tax season is never fun to think about as a business owner. Your construction company is growing, along with your labor costs, and there’s a lot that you need to track that you didn’t need to as a smaller company. Preparing for tax season is all about getting your books in order. You don’t want […]
I know that building a financial foundation for business is often a challenging aspect for many small construction company owners. The unique nature of the industry, coupled with resource constraints and the constant quest for growth, presents a complex financial puzzle. But you don’t need to worry, because experts like me come to play (and […]
Over the past few years, I’ve been a close ally to construction business owners, and I get this question a lot: “Eliza, which accounting software wins the race?”. My personal favorite is, of course, Quickbooks Online, but I can tell you that there is accounting software that serves well if Quickbooks Online is too big […]
As a remote bookkeeping expert specializing in construction businesses, I understand that managing payment processes in the construction industry can be an intricate web of paperwork, billing, payment terms, and conditions. It can get very complex, often characterized by unique challenges that could potentially disrupt your cash flow. But let me assure you that a […]
Stepping into the Digital Arena Still juggling spreadsheets or, heaven forbid, paper ledgers in the tech age? Welcome to the future, where digital in construction is a NEW NORM. Technology and software don’t just make our jobs easier; they boost ROI, making every penny count. Let’s demystify how these tools can revolutionize financial operations and project […]
The Intricate Relationship Between Labor Cost and Productivity In the world of construction, understanding the dynamics of Labor Cost and productivity is a cornerstone to achieving profitability. From my vantage point as a remote bookkeeper serving construction industry leaders, a recurrent theme has often emerged. A significant labor cost does not always signify high productivity. […]
Today, let’s take a moment to talk about the color green—and no, I’m not just talking about the dollar bills, although they do tie in. We’re diving into sustainable practices in construction, how energy-efficient tech can save you money, and the scoop on green building certifications. Why Sustainable Construction Isn’t Just a Trend, It’s Smart Business […]
I get it—you’d rather focus on what you do best: building awesome structures. But understanding economic trends and market analysis? That’s like reading the blueprints before you start a project. You’ve got to do it! Why You Can’t Afford to Ignore Economic Trends 📈 Imagine you specialize in building high-end condos, and all the economic signals—like […]