Sunday, January 20, 2008

Is Your Accountant Facilitating Cost Control

IS YOUR ACCOUNTING FACILITATING COST CONTROL?
Ask yourself these questions for the answer.

1. Do you have an accountant? ______Yes ______ No

2. What does he/she do for you?
A. Payroll__________
B. Income Tax_______
C. Profit Loss Statements__________
D. Financial Guidance__________
E. Other ___________


3. How often do you see them?
Monthly
Quarterly
Six months
Yearly

4. How do you determine what your overhead is?



5. Has your accountant told you what your breakeven point is for the year? _____Yes ___ No



6. Do they tell you what your overhead is
a. daily, __Yes ___No
b. monthly __Yes____No
c. yearly ___Yes___No

7. Do you know the difference between tax accounting and cost accounting? _____Yes ___ No
8.. Is your accountant a tax accountant or a cost accountant? _____Yes ___ No

9. Has your accountant given you a recommendation for accounting software and estimating software? _____Yes ___ No

10. How much construction experience does your accountant have?


Computers/Software

Do you have a computer?

Are you familiar with the computer?

Do you have a laptop?

What do you use the computer for?

What do you use your laptop for?


How do you do your estimating?

By hand
By spreadsheet
By estimating software
Hire an estimator?

How much did you pay for your software?

Who recommended it?

How much time did it take for you to learn the software?

Did you get any professional training?

How much did you pay?

Do you get ongoing services from the software company?

How often do you use your estimating package?

What do you like about your software?

What do you not like about your estimating software?

How does you software determine what overhead is assigned to the job?


Do you use computer-estimating software?

What estimating package

Does your accountant recommend any software for accounting?

Does your accountant recommend any software for costing or estimating?
Who keeps your book?
You family member or employee


How often do you consult with your accountant on your business?

Do you separate your costs from running the office to running the job?

Does your accountant n the office or you hand it to your accountant monthly, quarterly, every six months or yearly

Who uses it in the office?

Do you have a laptop?

Do you use a book/such as national estimator to do your bids?

How much do you pay for accounting a year?

How much do you pay for estimating a year?

Are you making the kind of money that you would like?

Do you make money on each job?

If not—what goes wrong?

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