Accounting & Bookkeeping Services for Construction Companies

As you take on more projects and hire more subcontractors, we work with you to revamp your solutions to fit your growing needs. From reliable HR outsourcing and multiple payroll categories to expense management and geofenced timekeeping, we build something that works for you. With DB&B, you have a trusted team of construction accounting professionals who have years of experience and a record of results. When you partner with DB&B for construction accounting, you can achieve next level efficiency.

A Personalized Approach to Construction Payroll & Accounting

It allows construction companies to invoice clients based on the percentage of work completed rather than on a fixed schedule. Accurate tracking of progress billing ensures that revenue recognition aligns with project timelines, preventing cash flow discrepancies. It also minimizes disputes with clients over billing accuracy and project milestones. We provide detailed, accurate, and timely financial reports, including profit and loss statements, job cost reports, and work-in-progress (WIP) reports. Our goal is to give you clear visibility into your financial health, helping you make informed decisions to improve profitability and reduce risk.

• Construction tax law has many unique rules that most CPAs don’t know, from specialized tax planning to multiple state taxation and licensing.
• Our fees are fixed and tailored specifically to each individual’s needs, so that you only pay for the level of support and services that you require.
• We address this by carefully tracking project progress and evaluating both direct and indirect costs to ensure precise job costing.
• We work in partnership with you to provide a bookkeeping service that is tailored to your needs, with a low fixed monthly fee – so no unexpected bills.
• Our approach to accounting and bookkeeping for construction companies & contractors is characterized by a proactive and collaborative strategy.

Key factors to consider when choosing a construction and contractor bookkeeping service

When you need a construction accountant, why not get a team of certified accountants? Our construction accounting team provides you with more insights in a shorter turnaround time than an in-house accountant. Construction bookkeeping can differ from traditional bookkeeping because construction companies have unique financial needs.

Most contractors struggle to be consistently profitable.

• Retention accounting involves withholding a percentage of payment until the completion of a project.
• I have never been more grateful to have a professional that I can trust to take care of my business and the odds and ends I do not understand (or really want to).
• We offer certified payroll reporting, easy-to-use applicant tracking technology, and other solutions to make your project a breeze.
• However, despite its importance, bookkeeping can often be the neglected part of running a business and often the role simply isn’t big enough for you to hire a full-time (or even a part-time) bookkeeper.
• Effective bookkeeping also supports better project management by providing clear financial overviews of ongoing and completed projects.

We’re friendly Yorkshire accountants in Leeds, based in Horsforth who love to help… Bryana streamlines the communication and document control process and prevents our clients from working all day in the field only to come home and do paperwork at night. She knows that successful contractor implementation requires clear lines of communication and she coordinates that flow for maximum efficiency. Our implementation extraordinaires work quickly to educate you and your team on our technology so you don’t miss a beat. From advanced scheduling and geofenced time keeping to streamlined onboarding and benefits elections, we get you up and running as soon as possible. Curated benefits packages complete with the technology to make enrollment and management a breeze for your workers.

As a small business owner myself, it is an honor and a privilege to work exclusively with other small businesses. I understand the delicacy of small business, and I know how much work goes into running one, so this is where my focus lies. I understand the value of one-on-one attention, and this is what you’ll get from me.

We know questions and needs will arise throughout our relationship, and we welcome them! With years of experience working in the construction industry, our account managers are ready to solve any problems you experience along the way. No two construction companies are the same, so why should you be squeezed into pre-made packages that don’t fit your exact needs? Our relationship starts with a needs construction bookkeeping analysis so we can understand your current situation, dream about your future, and construct a plan to make it happen. Whether you’re new to the industry or manage hundreds of workers across multiples sites, you deserve a payroll & HR solution designed around the construction industry.

• Since I’ve switched to using Apparatus, I’ve been able to focus on growing my business while not dealing with the books.
• Our range of services also includes operational advise to improve the efficiency of your organization and its people, processes, and systems.
• Golden Apple Agency provides financial solutions with a focus on the construction industry, delivering detailed and accurate financial management for optimal business performance.
• It also minimizes disputes with clients over billing accuracy and project milestones.
• The best suite of services for your needs today might not be the same in a couple years as hire more contractors and work on more sites.

Ongoing Support

With a team of experienced professionals, Alpha Apex Group delivers bespoke bookkeeping solutions that address the specific https://azbigmedia.com/real-estate/commercial-real-estate/construction/how-to-leverage-construction-bookkeeping-to-streamline-financial-control/ challenges faced by construction companies and contractors. Their comprehensive services are designed to streamline financial processes, enhance cost control, and ensure compliance with industry regulations. Seek providers with positive client testimonials and a proven track record of helping construction businesses manage their finances effectively.