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Helping You Achieve Your Definition Of Success Is Our Pride And Joy.

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Presentation on theme: "Helping You Achieve Your Definition Of Success Is Our Pride And Joy."— Presentation transcript:

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2 Helping You Achieve Your Definition Of Success Is Our Pride And Joy

3 Randalism #001 “There Is No Magic” Spectacular Success Is Always Preceded By PreparationSuccess - A few simple disciplines practiced everydayFailure - A few simple errors repeated everyday www.FastEasyAccounting.com

4 Randalism #002 “P.A.M. Vs. M.A.P.” #1 Production #2 Accounting #3 MarketingMain Reason Businesses Succeed! Main Reason Businesses Fail! #1 Marketing #2 Accounting #3 Production www.FastEasyAccounting.com

5 Marketing Acquire Clients www.FastEasyAccounting.com

6 Randalism #003 “Fire Your Customers And Fall In Love With Your Clients” Customers Buy Products & Services On PriceClients Want A Professional To Care For ThemSort For Clients; Don’t Sell To Customers www.FastEasyAccounting.com

7 The Most Important Law of Business: The 80% vs. 20% Rule The Most Important Law of Business: The 80% vs. 20% Rule 8 Out Of Every 10 Hours You Work Adds Very Little Cash And Profit To Your Business Minor Changes In Reporting Can Add Cash And Profit With Less Time And Effort QuickBooks Properly Setup And Maintained Can Give You The Reports You Need

8 Randalism #004 “You Don’t Have Competition” You Are Unique There Is Only One YouYour Strategy Is Different From Every Other BusinessYour Operation Is Different From Every Other BusinessDo What You Do Better Than Anyone Else And Market It www.FastEasyAccounting.com

9 Randalism #005 “Three Types Of Contractors” Dog And Pickup Truck – “Look At Me I Own A Job!” Salt Of The Earth – “I Have Three Employees - Two By The Throat And I Am staring At Number Three!” Professional – “My Firm Generates $100K+ Annually Because It Has Processes, Procedures And Policies” www.FastEasyAccounting.com

10 Randalism #006 “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

11 Randalism #006-A “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

12 Randalism #006-B “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

13 Randalism #006-C “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

14 Randalism #006-D “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

15 Randalism #006-E “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

16 Randalism #006-F “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

17 Randalism #006-G “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

18 Randalism #006-H “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

19 Randalism #006-I “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

20 Randalism #006-J “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

21 Randalism #006-K “Give Clients What They Want Not What You Think They Need” www.FastEasyAccounting.com

22 Accounting Know Your Numbers www.FastEasyAccounting.com

23 Randalism #007 “Construction Accounting Is Like...” Rocket Science Only Much HarderDoing Chinese Math In The DarkHerding Balloons On A Windy DayHerding Unruly Cats Across Wet Grass www.FastEasyAccounting.com

24 Randalism #008 “Construction Accounting Is Drama!” Contractors Work Is Tangible Yet Bookkeeping Is Intangible When Bookkeeping Reports Are Wrong The Bookkeeper Is incompetent!Contractor Goes To “Fight or Flight” Mode And The Blame Game StartsContractor “I Need Accurate Reports! What Is Wrong With You?”Bookkeeper “I Need All The Paperwork! What Is Wrong With you?”Everyone Distrusts Each Other And The Accounting System www.FastEasyAccounting.com

25 Randalism #009 “Cash Is Fact Profit Is An Opinion” Five Key Performance Indicators You Need To See Everyday#1 Cash#2 Receivables#3 Payables#4 Profit or Loss#5 Balance Sheet www.FastEasyAccounting.com

26 CHAOS Costs Money! CHAOS Costs Money! Good Bookkeeping Can Eliminate CHAOS

27 Randalism #010 “How Ten Minutes A Day Kills Profits” www.FastEasyAccounting.com Profit Drain #1 In-House Bookkeeper Under $5,000,000 annual sales… You cannot afford a qualified bookkeeper or construction accountant If You hire a Cheap Bookkeeper $15.00 an hour for 10 hours a week… The true cost to have them on the payroll, including overhead, is closer to $25.29 per hour

28 Randalism #010-A “How Ten Minutes A Day Kills Profits” Profit Drain #1 In-House Bookkeeper

29 Randalism #010-B “How Ten Minutes A Day Kills Profits” www.FastEasyAccounting.com Profit Drain #2 Cheap Tools And Equipment

30 Randalism #010-C “How Ten Minutes A Day Kills Profits” Profit Drain #2 Cheap Tools And Equipment Every 10 minutes a day of chaos cost your company $1,544.42 every year

31 Randalism #010-D “How Ten Minutes A Day Kills Profits” Profit Drain #2 Cheap Tools And Equipment

32 Nine Steps To Effective Accounting Each One Increasingly More Difficult

33 Step #1 Sort Paper Into Piles For Data Entry Step #1 Sort Paper Into Piles For Data Entry Money In / Money Out / Statements / Tax Forms

34 Step #2 Simple Data Entry Step #2 Simple Data Entry Data Entry Is Simple And Rated “G” Data Entry Is Simple And Rated “G”

35 Step #3 Bank & Vendor Reconciliation Step #3 Bank & Vendor Reconciliation Bookkeeping Is Frustrating And Rated “R” Bookkeeping Is Frustrating And Rated “R”

36 Step #4 Payroll Processing With Messy Timecards Step #4 Payroll Processing With Messy Timecards Payroll Becomes Un-Bearable And Rated “T” For Tourette Syndrome Payroll Becomes Un-Bearable And Rated “T” For Tourette Syndrome Payroll Manager Deadline 5:00PM Employee Turned In Timecard 04:59 PM

37 Step #5 Design And Input Complex Journal Entries Step #5 Design And Input Complex Journal Entries Depreciation / Pay App / HUD-1 / Inventory

38 Step #6 Prepare Tax Reports Step #6 Prepare Tax Reports Totals Don’t Match L&I, SUI, 941 Filed Late Or Wrong / Add Penalties & Interest Totals Don’t Match L&I, SUI, 941 Filed Late Or Wrong / Add Penalties & Interest

39 Step #7 A With Key Performance Indicators Step #7 A With Key Performance Indicators Knowing Where Is Money Made & Lost

40 Primary Key Performance Indicator More Sam Hill - Less Henry Mancini 80% /20% Rule More Sam Hill - Less Henry Mancini 80% /20% Rule

41 Step #7 B Without Key Performance Indicators Step #7 B Without Key Performance Indicators At The Auction Every Business Owner Understands Key Performance Indicators At The Auction Every Business Owner Understands Key Performance Indicators

42 Step #8 The 5 At 5 For 5 Step #8 The 5 At 5 For 5 #1 Cash #2 Receivables #3 Payables #4 Profit & Loss #5 Balance Sheet 5 Reports…Review For 5 Minutes…At 5 PM

43 Cash Cash Is A Fact!

44 Receivables Who Owes You Money?

45 Payables Who You Owe Money Too?You Who You Owe Money Too?You

46 Profit & Loss Profit Is an Opinion!

47 Balance Sheet 3 O’s…You Own – You Owe = Left Over 3 O’s…You Own – You Owe = Left Over

48 Step #9 Good Bookkeeping = Informed Decisions Step #9 Good Bookkeeping = Informed Decisions

49  I Do All The Work And All The Bookkeeping! I Do All The Work And All The Bookkeeping!  My Spouse Has Lot’s Of Time And Loves Doing It! My Spouse Has Lot’s Of Time And Loves Doing It!  Relative Because It’s Easy And They Work Cheap! Relative Because It’s Easy And They Work Cheap!  Employee + Phones + Errands + Deliveries + Janitor! Employee + Phones + Errands + Deliveries + Janitor!  Cheap Bookkeeper Working Out Of Their Home! Cheap Bookkeeper Working Out Of Their Home! Who Does Your Bookkeeping www.FastEasyAccounting.com

50 We Would Like To Be Your Bookkeeping Service Business Consultant

51 Meet Your New 24 Hour Bookkeeper This Bookkeeper never argues, arrives late, leaves early, takes long lunch and coffee breaks, demands overtime, fringe benefits or has any of bad habits that drive business owners crazy! Ready To Work - When you need it; twenty four hours a day including weekends and holidays! Your New Bookkeeper

52 Meet Your New 24 Hour Bookkeeper When You Are Ready - To send us your paperwork, receipts, documents simply open it up! Your New Bookkeeper

53 Meet Your New 24 Hour Bookkeeper Your Documents - Arrive in our paperless server where our professional bookkeepers input your paperwork into your QuickBooks which is stored on our remote server.professional bookkeepersremote server File Your Documents - In a box and when it gets full label it with the date and put it away. Your New Bookkeeper

54 Access QuickBooks Desktop Online Imagine Being Able To Push A Button And Have: #1 Cash Report anytime YOU want it! #2 Receivables report anytime YOU want it! #3 Payables report anytime YOU want it! #4 Profit & Loss statement anytime YOU want it! #5 Balance Sheet report anytime YOU want it! Job Costing report anytime YOU want it! Estimates Vs. Actuals report anytime YOU want it! QuickBooks Desktop Version Online

55 Why Us? Our Team Has Combined: Formal Education = 20+ Years QuickBooks Experience = 45+ Years Construction Experience = 70+ Years Make Money Doing What You Do Best And Outsource The Rest! Make Money Doing What You Do Best And Outsource The Rest!

56 Five More Reasons To Hire Us To Do Your Bookkeeping Five More Reasons To Hire Us To Do Your Bookkeeping 1.Peace And Harmony At HomePeace And Harmony At Home 2.Spend Time Doing Things Only You Can DoSpend Time Doing Things Only You Can Do 3.Loans & Lines Of Credit Are Easier To GetLoans & Lines Of Credit Are Easier To Get 4.Stable Companies Attract Good CustomersStable Companies Attract Good Customers 5.Maximize Deductions On Annual Tax ReturnMaximize Deductions On Annual Tax Return

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58 Production Get It Done! www.FastEasyAccounting.com

59 Scheduling System www.FastEasyAccounting.com

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61 Presentation Download Link www.FastEasyAccounting.com


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