Trusted Bookkeeping Solutions for Contractors

A financial health check looks at various aspects of a business's financials to ensure accuracy and completeness. 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. Finally, financial statements are reviewed to determine the overall financial health of the business.

We will create a customized action plan for your construction business once all the information is in order. This plan might include: reviewing finances each month, selecting a bookkeeping package, teaching the construction accounting system, making sure resources are used wisely. looking at cash flow and profit/loss statements, setting company goals, improving areas of need, setting up internal controls and processes, and creating a budget with cash flow projections. We can also offer clean up and catch up services to bring your business up to date and ensure you are running efficiently. 

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. WIP reports can also provide contractors with visibility into the progress of their projects, allowing them to compare actual costs to their estimates and spot any inefficiencies. With our help, contractors can set up a job costing system to improve the profitability of their projects when bidding on new ones.