474: Bad Business Practices In Construction Bookkeeping

<h1 style="text-align: center;"><span style= "color: #0000ff;"><strong>This Podcast Is Episode Number 474, And It's About Bad Business Practices In Construction Bookkeeping</strong></span></h1> <div>One of the biggest challenges construction company owners like you have with an in-house bookkeeper is training them to work for your best interest, not theirs, and deliver consistent results and the reports you can trust daily, year after year.</div> <div> </div> <div>Having been involved with construction and construction accounting and bookkeeping for over thirty years, we have seen a consistent pattern repeated over and over that will turn ordinary, decent, pleasant bookkeepers into a disheveled, broken, mean, nasty, arrogant trolls, and that's a good day when the sun is shining, and the birds are singing!</div> <div> </div> <div> <p style="font-weight: bold;"><span style="color: #0600ff;">Here's how it happens: </span></p> <ul style="list-style-type: square;"> <li><span data-preserver-spaces="true">Someone is assigned the construction bookkeeping duties, and they are typically mild-mannered, shy, and unable to say no. The newly appointed "bookkeeper" opens the QuickBooks Pandora's box and loads the CD in the computer, believing it will be set up and ready to go in ten minutes. </span></li> <li><span data-preserver-spaces="true">That's when the first of several unpleasant surprises happens; the pop quiz. QuickBooks screens start popping up and asking questions! Nobody said anything about a test or an exam, and panic began to take hold.</span></li> <li><span data-preserver-spaces="true">The bookkeeper thinks, "don't screw this up because I can't afford to lose this job!" The questions keep coming like a raging river, so to put the responsibility on someone else, the bookkeeper asks the contractor for help and is told: "I don't know, you're the bookkeeper. Go figure it out. I'm busy!"</span></li> <li><span data-preserver-spaces="true">Luckily QuickBooks has a guided tour of QuickBooks setup; unfortunately, the bookk