You’ve found the right bookkeeper that will take care of your construction accounting at the cheapest rate on the net. You skipped the fancy construction advisory services and went straight to the person’s website that doesn’t even have their personal picture up. You’re a contractor that could do the bookkeeping yourself, why waste your time with it and just hire someone that you can train without digging deep into your pockets. Well, when it comes to cash management and financial statements, you want accuracy as well as efficiency – and also confidentiality. Who you may have on the books now may not be the best fit for you. Here are some telltale warning signs that you should stay away from.
If you are hiring a cheap bookkeeper, you’re going to get what you pay for most of the time. In the long run, how do you think your bookkeeper will fare when it comes to multiple industries involved. Many bookkeepers are individuals that specialize in different industries but are not masters in any. The cheaper buy that you are looking for, the less effective work you will get in the end. Hiring construction consultants that have high success rates won’t be cheap.
Experience and knowledge trump all. Most of the time bookkeepers will play catch-up as larger transactions may not be as simple and easy. You’re going to want someone that will keep up the pace that you are accustomed to as well as provide any financial paperwork on the dime. An interview is important as you can get an initial idea on how they work and what they can accomplish within a given time frame ways to lose weight quickly.
Lastly, you want your bookkeeper to take a proactive approach to your finances offering their opinions on helping your cause. When it comes down to it, you want people on your side. A good hire could mean someone that takes the time to come up with plans for you to save money, improvements that can be made to your company’s finances, and advice on how to earn extra profit.
Bio: Lyle Charles is the president of Lyle Charles Consulting, a firm that offers construction claim analysis and construction claim preparation for the structural steel industry.