Podcast 03: 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.

Listen and Randal and Dave discuss:

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

Business Quick Tip:

We found out that we were having a lot of customer call backs 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 call backs 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!