Construction Bookkeeping Services Job Costing

construction bookkeeping services pricing

Don’t leave money on the table that could go toward your retirement fund or a family vacation. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. Construction companies should use a percentage-of-completion method that recognizes both revenue and expenses as they are accumulated over time. It aligns with the project completion ratio and most lenders or guarantors require this.

  • We’ll give you bookkeeping, payroll, weekly reports, and the training you and your team need to have an in-depth understanding of the financial performance of your construction business.
  • We also offer ongoing registered agent services for clients in the construction industry.
  • We specialize in job costing, estimating project costs and managing outflows.
  • This article covers project budgeting tips for contractors and provides financial management advice to help contractors stay on top of their finances.
  • Learn more about SLC Bookkeeping and contact us to schedule a free consultation.

The contractor accountant even charges as per service rate or on an hourly basis. The contractor’s hourly rate ranges from 1,500 rupees to 2,000 rupees based on the experience. Whatever may be the service you have, or whatever may be the time they work, since they go for contractor accountancy fixed fees, they just ignore all other specifications! Moreover, fixed fee contractor accountants are considered to be the best. A contractor accountant is a dedicated one who must understand how the business has to run and structure the capital of any limited company. A full-time bookkeeper handles the day-to-day accounting functions for your office.

Hassle-free Bookkeeping with Powerful Software

Some programs may be able to integrate with design software, like some of the best design software for interior designers or best landscape design software, to streamline the quote creation process. They’ve exceeded our expectations and I would recommend them to any construction company needing construction accounting services. We are able to sleep at night and not worry about payroll, subcontractors’ payments, IRS issues, etc… Customer service is another important factor to consider when researching construction bookkeeping services. Look for providers who offer a high level of customer service and support. Make sure you can easily contact the provider if you have any questions or concerns.

They are easy to work with, have great attention to detail and daily followup when they’re solving problems. They’re very communicative and its very easy to get ahold of anyone to ask questions. We develop strong relationships and get to know your business so that as trusted advisors, we can function as an extension of your team.

CPA Services: We offer specialized tax processing services. Get more information on our cpa services and sub-services.

This includes payroll, accounts receivable and payable, budgeting, and other related activities. Specialized services can focus on specific areas such as billing, invoicing, job cost accounting, project management, and more. Invoicing services are important for contractors who need to bill their clients or subcontractors for services rendered.

To give your client an accurate estimate, it is important to be honest about how much time you expect the work will take. New construction business licensing done for you, including federal and state licensing needs dependent on your entity structure. We also offer ongoing registered agent services for clients in the construction industry. Working exclusively with construction companies and service trades, we’re able to support you and your business with high-quality accounting services that provide value far beyond the fees paid.


Hiring a part-time or in-house bookkeeper without experience doing construction industry accounting may save you a few dollars in the short-term, but it won’t serve your long-term interests. A bookkeeper lacking the experience and insights to generate meaningful and accurate financial reports hurts your ability to understand which jobs were the most profitable, and how to grow your business. If you are in roofing, plumbing, concrete, framing, excavation, HVAC, electrical, carpentry, engineering, or steel work we know your business. We understand projects, phase codes, cost codes, work in progress schedules, and all of the other factors that give you a headache.

What is a full charge bookkeeper?

Full charge bookkeepers are responsible for handling all the accounts of a small to medium-sized business. They hold more responsibility than a regular bookkeeper and report directly to the company owner or financial manager.

You will be able to track and guarantee proper labor rates on a per-contract basis. You will also be able to communicate payroll data with your payroll services administrator. As a construction company, you need to make sure your work-in-progress schedules are timely and accurate. At Lescault and Walderman, we live in a world of accounting compliance every day.

Decide on a payment schedule

The cost depends on the program and what modules or extra functions the customer needs. Finding accounting software for architects or construction firms that won’t leave new users in the dust the second their trial ends is critical. Shoppers will want to look for user resources to reference like blog posts, e-books, whitepapers, videos, and personal private training.

Author: AdminNew