Bank feed accounting saves time, but it can also create a bookkeeping mess if you're not careful. This week we're talking about the issues that come with bank feed accounting for construction companies and what you need to do to make sure you have a clear, accurate picture of your business's financials.

Topics we cover in this episode include:

• The problem with relying on your bank feeds
• Issues with double counting revenue and expenses
• Job costing and bank feed accounting
• Profit First and bank feed accounting
• What you need to do to make bank feed accounting work

LINKSVisit the episode page at https://contractorsuccessforum.com/bankfeed for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com
Rob Williams, Profit Strategist | IronGateESS.com