Tax Guy Never Says Your Accounting is Bad?

Most accountants are too busy to slow down, analyze your accounting and actually fix it.

Most business owners setup their own Quickbooks, or they had an amateur do it.

Why does it matter that your accounting and bookkeeping has underlying problems?

When your accounting isn't setup right, you'll miss out on the tools that help you scale, reduce taxes and increase profits.

Bad Books are Bad.... and the problems fester under the surface.

How can you grow your business if you don't know the profitability of each job?

How can you double down on the right marketing if you're never show the ROI of Google Ads, Facebook Ads, Sales People or Signs?

Not only does your inadequate accounting system harm your ability to evolve into a more profitable and scalable business, but you're probably overpaying in tax and you're probably one audit away from big trouble with the IRS or state.

Just because your tax guy doesn't say anything and you haven't gotten any nasty IRS letters, doesn't mean you're not overpaying in tax or at risk of huge penalties, fees and interest.

It's not enough that your books are up to date, they need to be audit-ready.

That means things need to be classified correctly.

That means you need a good chart of accounts that tells an accurate story.

And more importantly, you need to have things closed out in a good rhythm so you can start to track revenue, profits and expense trends.

Your Amateur Bookkeeper & Mediocre Accountant Might be Costing You.

You might be overpaying in tax. You might not be able to scale and grow, and you might unintetionally drowning your business...

All because you're settling for mediocrity.

Here are 5 signs you're ready to upgrade your Quickbooks & Accounting System

How Can You Tell if You Need a Quickbooks Cleanup & Upgrade?

This is a simple list, but it's effective.

These are 5 signs that your trade business, contracting business or small business really needs to upgrade to 740 Bookkeeping & Accounting.

1. You Don't Know Which Jobs Actually Made Money

If every job looks the same on your profit and loss statement, your file is probably missing job costing entirely. That's one of the most common gaps in a trades business QuickBooks setup.

2. Your Bank Account Hasn't Been Reconciled in Months

If you're not sure the last time your accounts were actually reconciled against your bank statement, your numbers can't be trusted, even if the file looks organized on the surface.

3. Payroll Isn't Coded by Job or Crew

When payroll gets dumped into one lump expense account instead of tracked by job or project, you lose the ability to see your real labor cost per job.

4. A Lender or Bonding Company Asked Questions You Couldn't Answer

If a bank or bonding agent has ever asked for financials and you weren't confident in the numbers you handed over, that's a clear sign your books need attention before the next request comes in.

5. Your Bookkeeper Handed You a Chart of Accounts Built for a Retail Store

A generic chart of accounts doesn't separate materials, subcontractors, and equipment the way a trades business needs. If your categories don't reflect how your business actually operates, the file was never set up right in the first place.

What to Do About It

Any one of these signs is worth a second look. A free QuickBooks review from 740 Accounting & Bookkeeping takes about an hour and tells you exactly where your file stands, no obligation.