219: How To Create A Financial Dashboard For Your Business with Randal DeHart
Episode description
Some of the benefits to tracking your KPIs (key performance indicators) are that it allows you to see your leads and where they came from, and you'll know how many presentations and closes you’ve made. This will provide you with the information that enables you to strategically spend your marketing dollars wisely towards the right clients, thereby improving your close rate and getting more money for your jobs.
This is what I’ve been working on with a couple of coaching clients lately, and this also happens to be the topic of today’s show from the archives with my guest, Randal DeHart. Stay tuned for quick and easy tips on how to turn a people-dependent money pit into a process-dependent cash cow!
What you’ll hear in this episode:
- 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
Connect with Randal!
Fast Easy Accounting - for DIY Solutions
The Contractors Success Map Podcast
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