For construction and the trades, staying on top of the day-to-day operations while also serving customers is essential. Providing estimates to potential new customers and servicing the needs of existing clients takes tremendous agility and skill. Often, administrative tasks go unmet when there is an excess in customer demand and limited capacity to fulfill that demand. Perhaps the back-office operation that is most affected is bookkeeping. While a company's financials provide the structural elements necessary for a solid business foundation, they are often overlooked during times of busyness and excess demand. This scenario is even more apparent when it comes to the construction and trades industry. For example, tree companies, plumbers, electricians, and the like usually find themselves in the field working to service customer's needs. This leaves them with little time to attend to the daily administrative needs of the business.
It makes sense that this revenue generating activity commands priority over back-office operations. Yet, a strong back-office operation plays a defensive role in helping to protect the viability and longevity of most businesses. Importantly, having a well-structured and organized set of financials is the hallmark of many organizations. With solid books in place, companies are well positioned to make decisions about future buy-sell opportunities. This framework of well-managed financials also enables businesses to hire at the right times, set appropriate price points for their products and services; and manage overhead costs. As a result, having a knowledgeable accountant or bookkeeper in place that helps manage this back-office responsibility is pivotal. Businesses need not hire a full-time in-house bookkeeper especially at a time when cost control and cost containment should be purposeful. In fact, a highly skilled and talented bookkeeping company can manage the company’s financials remotely at a fraction of the cost.