0388: What Does Your Accounting System Say About Your Construction Business?

<h1 style="text-align: center;"><span style= "color: #0000ff;"><strong>This Podcast Is Episode Number 0388, And It's About What Does Your Accounting System Say About Your Construction Business?</strong></span></h1> <p><span style="color: #000000;">How many times a day do you hear from someone saying, “It’s Boring", or "I’m Bored.” It is a red flag that should light up your “Oh Crap” meter. Moreover, more important, whenever an employee says it. Because this usually means they are shortcutting the work versus the fact that you have so many right processes in place that the work is genuinely dull. Being bored is a factor in manufacturing jobs.<br /> <br /> I saw a special where a manufacturer described how the process is that they moved employees on a scheduled basis between workstations to help them avoid boredom and stay fresh throughout their workday. Proved to be a Win-Win for everyone. Studies found that alert employees have fewer accidents, which in turn reduces your cost of doing business and raises cash flow and profits.</span></p> <div> <p><span data-preserver-spaces="true">In accounting, you want to be boring. Good to be bored from the standpoint that everything is going smoothly. Anytime it is not, then it is moments of frustration, anxiety, and sometimes sheer terror.</span></p> <p><span data-preserver-spaces="true">Whenever something is going wrong, the instant reaction is to assign blame. Don’t do this! It does not help anything and takes up energy. We review lots of issues; it’s by exception that it is YOUR FAULT!</span></p> <p><span data-preserver-spaces="true">Remember every time you decide; look at a job, meet a customer, hire an employee, and make the best decision possible with the information at hand. Information changes, circumstances change, and sound judgment; good fit yesterday may not be tomorrow or the day after.</span></p> <p><span style="color: #0600ff;"><strong>Common issues in any accounting file - QuickBooks Desktop, QuickBooks Online, or other software is:</strong></span></p> <ul st