Podcast 120: How To Create A Financial Dashboard For Your Business with Randal DeHart
Are you looking to grow your construction business, but hate bookkeeping and accounting? Are you skeptical about hiring any accountant for fear of embezzlement or being ripped off? If so, tune into today’s podcast to get quick and easy tips on how to turn a people-dependent money pit, into a process-dependent cash cow with today’s guest, Randal DeHart.
•The difference between construction accounting and regular accounting
• Differences between costs and expenses
• 5 key performance indicators and setting up a dashboard
• Why you should use QuickBooks
• Easy tips to do your own accounting
• Getting in touch with people to help you set up your dashboard
• Top problems and causes for embezzlement
• Setting up programs to avoid rip-offs
• Being smart with your money
• Getting involved with a bookkeeping company
• The system Randal’s company uses
We found out that we were having a lot of customer callbacks on our work, at one point in our business. Most of the time it was a leak that was causing problems. We ended up developing The Perfect 10 Checklist and sent an inspector to the job site at the end of every job to access how well the crew did the top 10 things that caused leaks. If they scored a Perfect 10, then the crew got a bonus. We were able to cut our callbacks by 90% with this simple checklist. It also cut our costs and improved customer satisfaction. It’s a win-win. Go to the website to get the checklist and start implementing it!
Get organized by downloading Dave’s 1Page Business Plan
Fast Easy Accounting Store – for DIY Solutions
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dear dave this hit home keep going thanks
Hey Clinton,Thanks for the support! This was a great interview and setting up a financial dashboard to quickly track those key numbers gives you the confidence to make informed decisions when running your business.