In this week's episode, construction accountant Randal Dehart shares some of the most common mistakes contractors make in their own accounting and why you should never "lend" clients your own money for a project. Dehart has a ton of sound advice to share, including his five key performance indicators for contractors (or any business) and thoughts on when it's time to grow your company, hire assistants, and upgrade your tools. Hint: for the last one, the answer is immediately!
Looking for expert advice to grow your contractor business? Sign up for TCF's Accelerate program and you'll be connected to a weekly video group call every Friday with Tom and other like-minded business owners. Each week offers a different discussion topic for you to learn from.
And in a special offer for TCF listeners, Randal is offering free setup of his 5 key performance indicators on your edition of QuickBooks desktop! This is normally a paid service, but if you email Randal at Digital@FastEasyAccounting.com or call at 206-361-3951 and mention the podcast, you'll receive this service for free!