ServicesService 02 of 06
Books done right for construction.
Regular bookkeeping does not work for construction. We do it the way your business actually runs.
In short
What does construction bookkeeping cover?
We keep your books job by job, the way a contractor needs them. They are correct and surety-ready at the end of every month. Nobody assembles them in April.
ProofBonding line, six months
“A completely different product than what our old CPA produced.”
Electrical contractor, Seattle WA
$5M to $10M
What we do4 line items
Your books were probably set up the way any small business gets set up. Trouble is, construction does not run like a normal business. Profit sits at the job level. Retainage stays on the books for months. Billing runs on AIA formats. A setup that ignores this costs you bonding room and tax dollars.
- 01Job-level profit and loss
- 02Retainage tracking
- 03Subcontractor liability
- 04AIA and progress billing support
Questions2 answered
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01
What is retainage and how is it tracked?
Retainage is the portion of each payment, often 5 to 10 percent, that the owner withholds until the job is complete. You must track it apart, as a receivable, so nobody counts it as lost revenue or forgotten at closeout.
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02
Do you replace the person who keeps my books?
No. We work above the books, next to your day-to-day books or your controller. We do the construction analysis: WIP schedules, job costing, surety-ready financials. General accounting staff usually cannot do this work.
NextAustin, Texas
Which job loses money right now?
You do not feel bad books in the moment. You feel them later, when a surety trims your limit or a buyer’s accountant starts pulling threads.