Ask Coach – How Well Should I Know Accounting?

“Accounting is the score-keeping system of your business, understand enough to know if you are winning or losing.”


In today’s episode, I discuss the importance of accounting and how much you need to know.

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Episode 459: Make Sure You Have The Right Accountant

Accountants are key partners in the success of our business, choose the right one.



  1. Understand what’s important for your business
    1. Does your accountant understand construction
    2. Does he understand your business goals
    3. Do you work well together
  2. Get an accountant that’s willing to help
    1. Don’t try to pay the least amount – you get what you pay for
    2. Find an accountant willing to work with you
      1. Helps you reach your goals
      2. Helps with managing and projecting cash flows, budgets, etc.
    3. Use a firm that’s willing to educate you
  3. Surrounding your business with the right people
    1. Don’t just look at the sticker price – we don’t want our clients to hire us because we are the cheapest, so practice what we preach
    2. Interview potential accountants to make sure they understand you and your business
      1. Ask about WIP / % Complete Method / Retainage / Stored Materials / Other construction items
    3. Don’t be afraid to switch if it doesn’t work out

E179: Accounts Payable Systems

Are you accounts a payable systems and processes efficient and scalable?

Build systems today for tomorrow’s success.

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E139: Accounting Support Services

“Get the right support from your accounting professional to help grow your business.”

Are you getting what you need from your accountant?

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E134: Professional Service Providers

“Get the right professional service providers to help propel your business to the next level.”

Do you have the right professional supporting your business?

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