Accounting & Management Pros

for Contractors

Solutions for Contractors

If you are a general contractor or own a supporting business such as plumbing, electrical, painting, drywall, insulation, siding, roofing, or other construction trade, your primary bookkeeping concern is job costing. To be profitable, you must bid a job accurately, measure your profitability when the job is done, identify any mistakes, and continually improve the accuracy of your bidding.

Consequently, it is of utmost importance to set up your bookkeeping software to make this process as easy for you as possible. Custom-designed reports in addition to standard reports will help you assess your performance. While most software packages provide these capabilities, our current construction clients choose to use QuickBooks®

QuickBooks® is inexpensive, user-friendly, and comprehensive in its design.
Its key features, most relevant to the construction trades, include:

  • Ability to tie Income, Cost of Goods Sold, and Expense items to customer jobs.
  • Time cards within the software for recording dates and hours worked per job.
  • Ability to accept the downloading of time data from other time card programs.
  • Payroll processing that allocates payroll costs (wages, payroll taxes, workers compensation costs) to jobs.
  • Workers comp tracking and reporting.
  • Estimate form (bid or proposal).
  • Progress invoicing (if needed).
  • Purchase Orders (if needed).
  • Inventory management (if needed).
  • 1099’s for reporting payments to subcontractors
  • Sales tax tracking and reporting
  • Tracking by Customer Type or other category
  • Profit & Loss by Job report.
  • AIA-Reporting
  • Union Payroll & Benefits.

Management Pros will

  • Provide you an industry-specialized bookkeeper and will setup your industry-specific general ledger.
  • Advise you on an invoicing strategy that gets you paid faster.
  • Help you understand your cashflow through regular bank reconciliation.
  • Increase the accuracy & timeliness of your records.
  • Manage your expenses & income to grow profitability.
  • Save you time on your payroll & employee time tracking.
  • Help you understand your business performance.

Contact Us For a Free Consultation!