When you sign up with KloudBooks, we have a team of dedicated professionals to help onboard your business. We’ll gather your bank information logins, your credit cards, and any other information you think that’s important to make sure everything’s reflected in your financial statements.

We take care of all your financials. We help determine what your margins are, your net income, and any other aspects of the business that are important for you to run properly. During the onboarding process, you’ll have a consultation with a client such as myself to go over your current books and where you need to be for your business to grow.

After that, you’re going to have a consultation with a dedicated contractor who’s going to know the ins and outs of your business and help you set up a strategy to move forward. KloudBooks is not just a website that you’re going to be working with. You’re going to work with dedicated professionals, whether it’s an accountant or a contractor, to help you figure out your business.

Are you looking to scale your business? The first step, know your finances. Some of the figures you should be aware of are your revenue, expenses, gross margin, net income, just to name a few. It’s important to know these figures primarily for your cash flow to make sure you have enough to pay your guys and pay for your supplies, pay your credit cards, and on top of that, if your cash flow is doing really well, maybe it’s time to buy more trucks, hire more guys, and to scale your business.

I’m Shadi. And I’m Redion. And we’re the founders of KloudBooks. Olympian was founded August 2nd, 2018. And Fram and Fram was founded a day after. So it was meant to be. I found Redion on Instagram and he painted my office.

And I thought, guys, he wasn’t going to pay me in the beginning, but here we are now. Shortly after, I became a CPA and helped him build a seamless bookkeeping system for him to help grow his business. It’s been a crazy past few years growing our businesses, and now we thought it’s time to share our bookkeeping secrets and strategies with you guys through KloudBooks.

Don’t be the guy that’s in the dark about their business financials. KloudBooks not only is going to help you streamline and organize your books for you, but it’s also going to help you understand how to read those financial reports. Getting the reports guys is step number one, but understanding the reports is the most important part. We’re going to teach you how to understand, for example, gross profit margin, job cost analysis, that way you know what your financial health of your business looks like.

Knowing those numbers, you’ll know if your business is ready to scale, if you’re operating at a profit, or if you’re operating at a cost. Doing job cost analysis will help you understand how much money each job is making you and that way you’ll be able to calculate your profit margin. This will allow your business to reach its full potential and help you scale to the next level.

Trades business owners, what if I told you I could save you 10 hours a month and boost your profit margins? How we do this is we streamline your bookkeeping, we do the financial reports for you, and we also educate you how to read those reports.

This is all possible through KloudBooks, a platform built specifically for contractors by contractors. Not only are you going to get a dedicated team of expert CPAs, but you’re going to get a dedicated team of expert contractors like myself who’ve been doing this at scale for years. When you sign up on your own boarding meeting, you’re going to have a consultation with me so you can understand how to read those reports from a contractor’s perspective. 

Spoiler alert, your exotic car is not a write-off. Here are five essential write-offs for your contracting business. 

1. Marketing 

Anything you spend money on for advertising is a write -off. 

2. Equipment and Tools

These are write-offs. Make sure you track them. 

3. Business Meals

Make sure to save your receipts. 

4. Professional Fees and Services

If you’re paying your accountant or an advisor, that’s a write-off. 

5. Buying a new work vehicle is a write-off. 

For example, a Sprinter Van used for business can be a write-off. 

Be sure to consult with your tax preparer or CPA to make sure your vehicle is safe.