A Contractor’s Books Running Amok!

Sample company balance sheet

Written by Charley Blewett

Published: September 11, 2023

Updated:
May 15, 2024

Bookkeeping and Accounting Help for Contractors

From Chaos to Smooth Sailing
Building a house is fun right? Of course you have to perform a lot of work to get it done, on time, on budget, and to ensure it meets the design criteria. Schedules, Gantt Charts, subs, all must run like a well-oiled machine. Supply chain mishaps, weather delays, and employees are unpredictable.

So, you have built-in contingencies to allow for delays, mishaps, and employees that don’t show up, right? Delays are costly. Staying on schedule is the top goal. Managing all the parts of the project is your job, day in, day out.

A Gantt chart schedule for a residential construction project

Your job office, that trusty old pickup truck, is a mess. You want to be better organized but keeping your crews on task, handling your subcontractors’ questions, and putting out the inevitable fires keeps you pretty busy. By the end of the day, you have no energy to play with the kids, help with their homework, or just chill with your significant other.

Is there a way to gain some time away from running the business? Would getting help with the administrative task of bookkeeping help?

Bookkeeping Help is Here

This is where we can lend a helping hand. We bring you peace of mind by handling some of the required tasks needed to succeed. We will help you keep all the day-to-day financial transactions up to date with top notch bookkeeping services.

Wouldn’t you like to be able to present the company’s finished financial reports to your tax preparer without stress? And to not have to get an extension on filing your returns? Then you see the value in maintaining the company books on a regular basis.

You will also be able to perform better management practices by watching the profitability of your contracting operations. You will see the power of knowing that your business’s assets are sufficient to pay current liabilities. And staying out of financial trouble.

Why is it important?

Bookkeeping is required by all companies one way or another. It can get costly to bring your tax preparer boxes of receipts, invoices, bank statements, and other records needed to calculate your net income.

It is so much more affordable to hand your tax preparer the completed Balance Sheets and Income Statements for the year. They won’t charge you nearly as much if they do not have to sort through loose financial paperwork.

This is where we provide you with piece of mind. We will track your financial transactions and record them into a bookkeeping system. This will provide you with the necessary reports for you to track income and expenses, assets and liabilities, and your profit margin.

You won’t have to wonder, “Am I making any money at this?” We just need to review the bank transactions, customer invoices and payments, vendor bills, and enter this data into QuickBooks Accountant. We will ensure that your financial records are accurate.

Then you will have the same reports that the larger corporation’s management review regularly. You can see how the money is flowing into and out of your company. You will learn if you are covering all your overhead and making a profit.

A Special Offer for You…

We want to offer you a free meeting to go over the value to your company you will gain by maintaining your bookkeeping system on a regular basis. We do not charge anything for this meeting. We want to get to know your company and its unique position in our community.

So let’s get started and schedule your free consultation. Schedule before the end of September, 2023 and receive 10% off of the initial setup cost if you sign with us.

Are you wondering about what you should be tracking as business expenses? Check out this quick article about ordinary business expenses!

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