Our proven three step method will take your construction business to the next level.
Yes, when conducting bookkeeping for construction, QuickBooksis is a very effective, efficient, and easy-to-use financial systems software that is used by many contractors in the construction industry. It is useful when calculating overall project costs as it prevents any job costs from being missed. Its unique ability when it comes to tracking costs, client details, and timelines of projects is what makes QuickBooks so popular among contractors.
Having an effective job costing system in place is essential for contractors to stay
profitable and competitive. Cost codes help contractors accurately track labor,
materials, and other expenses associated with each project. With our help,
contractors can set up a job costing system to improve the profitability of their
projects when bidding on new ones. QuickBooks Online is truly outstanding
software for smaller contractors, and it has a few ways to pull project reporting
that can be similar to a job costing system.
This includes verifying that all financial transactions have been correctly recorded
and accounts are structured properly. It also involves checking account balances,
analyzing accounts receivable and accounts payable, and looking for any
discrepancies in reports. Prepare monthly and quarterly financial statements that
provide an overview of the company's financial performance, including income statements, and balance sheets. We also generate reports to track job cost trends, identify areas for improvement, and predict future costs. These statements should be accurate, reliable, and presented in a clear and easy to understand format.
If needed, we can add these additional services to meet your needs:
Preparing and sending invoices, credit memos, and statements to customers, recording payments you’ve made, tracking all expenses that you bill to customers, managing the collection of open accounts receivable, and Creating a monthly/annual A/R aging report.
In addition to paying bills, will we perform the following duties: Create a monthly/annual A/P aging report, Issue and track vendor purchase orders, Manage contractor paperwork and 1099′s, and Track credit card expenses and receipts.- Never forget to pay a bill or wonder what you owe a particular vendor again!
Cash flow is often the biggest challenge that small business owners face on a day-to-day basis. With the help of a Cash flow Statement, you will be able to see how much profit your business has generated and whether it will cover your important upcoming expenses.
Service Description: Bank & Credit Card Reconciliation, Sales-Tax Filing, QuickBookPayroll, 1099 Filing, Financial Statement, Location & Class Tracking, QuickBooks OnlineCatch-up & Clean-Up.
Our three step methodology works because it takes a holistic approach to your business. Since we focus on helping construction companies, we know the ins and outs of what is needed to strengthen your business. We have seen the bumps that come up along the way and are ready to get your business over them and to the next level.