We had a process but it wasn’t being followed because we had a few different people doing onboarding, all with different ways of doing things. PCA is the only trade association dedicated to the success of painting contractors. PCA offers its members many opportunities to develop and grow through participation in educational programs, attendance at networking meetings, use of PCA Industry Standards and much more.

Join Hannah Robinson & Melissa Honan every Tuesday and Thursday to geek out on Bookkeeping. If done wrong, content collection can become something that clients dread, which is exactly what Melissa saw within the feedback provided to her regarding the onboarding process. Having an efficient filing system helps you access https://www.bookstime.com/articles/statement-of-comprehensive-income crucial documents with ease and saves you time during tax season. Consider using categories such as income, expenses, invoices, contracts, and receipts to structure your filing system. Use a consistent naming convention and date format to make it easier for yourself or your accountant to locate and track documents.

Accounting for Artists, Painters, and Musicians

With a well-organized filing system in place, you can ensure that your business runs smoothly and that you don’t fall behind on your bookkeeping obligations. When you transition your thought process from “this is what I charge” to “this is what your problem is, here is the solution and the value in the solution”— you show what’s in it for them. Help your client reframe their train of thought that this is not a budget but an investment to help them reach their goals. But what about how to maintain that relationship by straight up asking how they feel about your work?

Another important point is that most small business owners have to pay quarterly estimated tax if they expect to owe at least $1,000 in taxes for the year. This means you could have to pay estimates by the four deadlines annually, or pay a penalty for underpayment of estimated taxes. Sole proprietors, partners, S corporation shareholders, and corporations may have to make these payments. Giersch Group services keep track of your finances to make tax season organized and easier. We can help you whether you’re looking for bookkeeping for painters or accounting services for architects. From our offices in Milwaukee, Madison and Brookfield we primarily serve painters & painting companies located in and around Milwaukee, Dane, Ozaukee, Washington and Waukesha counties.

Regularly review and update financial records

Additionally, you need to understand the accruals principle, which recognizes revenue and expenses at the time they are incurred, regardless of whether they are paid or received. Keeping track of all payments, purchases, payrolls, and any other bookkeeping tasks for a painting business is heavily time-consuming. Sometimes, it can even get messier than expected and makes you stay away from the ultimate goal of providing high-quality services for your customers. Under her leadership, Bookkeeping For Painters serves over 130 clients at $1.5 million in annual recurring revenue. For comprehensive outsourced bookkeeping and accounting solutions, small and medium-sized enterprises in the US, UK, Australia, New Zealand, Hong Kong, Canada, and Europe can turn to Accounts Junction, a CPA firm.

It’s much easier, much more streamlined and provides a better user experience for our clients. Sometimes, one little niggle can make a huge difference in the mind of a client which will, of course, play a part in their overall view of your business and their experience. We had a series of clients that filled out our survey and let us know that our onboarding process was just complete garbage. Having one, universal process that really works is the key to ensuring satisfaction and ease amongst all clients and all team members.

How To Educate Prospects And Bring Value on the Sales Call

Learn the 10 simple steps on how to setup and use Asana to manage your practice. So many of us go into a discovery call with the goal of landing a client. You can read about how to send out a client survey (setting it up and then coasting totally on autopilot) here. If that client needs three meetings to sell, she takes those three meetings.

He is very open about his experiences and shares his knowledge for others. Nigel and Glenn share a couple of stories and experiences on what can happen when you hire people on hourly rate ABN. At times they go off topic a little however, the information they share is of use to all running a Painting Business. In this edition, Nigel and Glenn discuss the profiles of customers that you could have problems with.

Does The Current QuickBooks Bookkeeping Person Feel Like This When Working On QuickBooks?

It will be then easy to decide if the project that the business is working on is worth it and if you can expand it even further or cut it all the way down. These tasks are generally performed by bookkeepers on different time scales. Some tasks should be done on a daily basis, while others may need to be done once every month or even a year. Discover how you are always assured of interested customers without having to do a lot of marketing. Irrespective of the region you operate in, we can provide every specialist with potential customers. Go from feeling stressed out and overwhelmed with Asana, to organized and relieved.

We provide tax preparation, payroll, and bookkeeping solutions to the accounting challenges encountered by painting and drywall contractors. We know the industry and speak your language so you know we have your back. Regularly updating financial records ensures that you have a clear understanding of your accounting for artists business’s financial situation, and allows you to make informed decisions. Make it a habit to reconcile bank statements, review accounts receivable and payable, and check inventory levels. This will help you identify any red flags, such as discrepancies or errors, and take corrective action promptly.

That’s going to get you so much further than transactional sales that are made from a list and no heart. Scaling your business can not only feel overwhelming— it can feel damn near DAUNTING if you don’t have the techniques you need to sell comfortably. I interview Melissa Honan, the CEO of Bookkeeping for Painters and the founder of Melissa Honan Consulting. We dive into the unique sales approach she’s taken to building her firm to $1.5 million and how you can apply these same tips to create a better sales experience for you and your prospects. He explains how to work out your business costs to ensure you are not under pricing yourself.

• One of the essential elements in mastering bookkeeping for your painting business is understanding the required principles involved.
• I knew that I had to find a solution so that we could be known for our quality and not for disastrous onboarding.
• Content Snare not only makes you feel good but also makes you look good and leaves your clients with a really positive impression of your business and processes.
• If you focus on getting all those things done in one call and one call only, your close rates will be much lower than they could be if you’re taking the time to hear and make suggestions that meet the client’s deepest need.
• You won’t sell to your full potential that way because you’re not making an authentic connection.