And I want to make sure I have all of my ducks in a row.
The big points:
1. This will be a heavy/civil construction firm, doing both private
and public work.
2. I have only rudimentary training in accounting; maybe I should
have listed that first.
3. The firm I currently work for has hundreds of employees and a
pretty slick job costing system (at least it seems so to me).
4. The new firm will have probably 1 or 2 employees initially, and we
hope to grow to a full crew at the end of our first year.
5. We are planning to have in our "money going out" list the
following: disbursements to owners, payroll, subcontractors, payments
for materials and overhead-type expenses (phones, office stuff, etc.)
The big questions:
1. Without many jobs (and many cost codes) active at once, this being
a new firm and all, can I just make some kind of Excel workbook for
each job, and then import that into a larger, purpose-built job
costing software? Or is this just more headache than it's worth?
2. Am I overthinking this? Should I sit down and consult with an
accounting professional to see exactly what it is I need? The problem
here is that I don't even know what I don't know.
3. My knee-jerk reaction is Quickbooks or something like it because
it seems to be the industry standard, but will it have all the stuff I
need? Will I spend $250 on that, only to spend $5K AND have to re-
enter the entire check register and invoice history?
I'm not trolling here. I just would like some general guidelines as
to what direction I should be pointing in, and accountants seem to be
the best group of folks to which I should ask accounting questions.
Thank you, ladies and gentlemen.
TItan of Industry