We adhere to meeting the specialized financial requirements of the construction sector and take pride in the precision and reliability of our solutions. Allied Consulting Firm tailors our construction bookkeeping services based on your company size, needs, and financial goals. These are the three main elements that we consider when we combine the services that are right for you. We understand that even though your company is part of the construction industry, it is still unique based on your trade of expertise, and the stage your company is in.

1. We create and monitor construction industry-specific key performance indicators.
2. You’ll also need to take into consideration things like taxes, travel pay, and union rates.
3. Creative solutions to make the process of drafting bids financially transparent for the company owners, so that you can clearly see potential profits from each bid you create.
4. If you’re in the commercial cleaning services space, you’re no stranger to bringing order and clarity to mess and chaos — if you have the right tools, that is.
5. We work with you as a partner, with an overarching goal of helping your business be more profitable.

A year, or $150,000, we have a record of uncovering massive tax reduction strategies for every size and type of contracting business. For one, payroll for construction is more complex, and involves much more than agreeing on a flat rate for every project. Projects like government-funded projects require you to pay a prevailing wage, a minimum hourly rate that’s typically higher and determined by each state’s Department of Labor. Paying any lower than what’s legally mandated can result in penalties—and even jail time.

Connect With A Member Of Our Bookkeeping Team

Is a full-service accounting firm that has been serving businesses of all sizes and structures in the Kansas City metro area for over 17 years. SmartSpot is a business specialist that provides tax, accounting, and financial solutions for business owners throughout the Prairie Village area. Past clients commend SmartSpot for its competent, reliable, and proactive team. Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers.

By Industry

The simplest way to account for retainage is to include two sets of information on your invoices. As we mentioned earlier, contract retainage can account for 5 to 10 percent of your contract value. Note down all the information from your receipts and invoices in case you ever need it.

The state-of-the-art accounting software used in our office can provide helpful comparisons and calculations for effective, …. As a business in the construction industry, you work in hypercompetitive, often volatile, and constantly evolving markets. We understand your construction company needs sound financial advice and rock-solid resources to help you navigate the ins and outs of your world. We help setup Quickbooks for contractors, and then we perform the bookkeeping every month so they have perfect financials.

Contractor Compensation Quarterly

First, break down the project into phases, and then list all the tasks needed to complete each phase. construction bookkeeping services near me Outbooks is a leading provider of Virtual Bookkeeping & Accounting Services across the USA.

Bookkeeping for Home Builders, Remodelers & General Contractors

Allied Consulting Firm wants to be the office that runs your bookkeeping from start-up to medium level. We will help you organize your bookkeeping department when you are ready to have one in-house, or improve your bookkeeping performance if you already have one. Our diligent method ensures that your financial records are accurate and up to industry standards. When you have Outbooks USA handle your company’s bookkeeping, you can save expenses without sacrificing quality.