Deposits booked as income
Recording a deposit as revenue inflates your P&L and your tax bill. We hold deposits as a liability and recognize revenue as work is completed.
Seattle, WA · King County
Remodeling runs on deposits, allowances, and change orders — three things QuickBooks handles badly out of the box. We set up your books so customer deposits stay liabilities until earned and every allowance overage gets billed instead of absorbed.
Seattle contractors juggle King County permitting, Seattle Business License Tax (city B&O), and Washington State excise tax — plus the usual job costing and 1099 pressure. We handle the full monthly cycle so nothing slips.
We're a Washington-based accounting team specialized in construction and real estate. That means we already know how King County permitting timelines, WA B&O classifications, and local sales tax rates hit the books of home remodelers — no ramp-up period, no explaining your industry to a generalist.
Recording a deposit as revenue inflates your P&L and your tax bill. We hold deposits as a liability and recognize revenue as work is completed.
The client picks a $9,000 tile package against a $4,000 allowance and nobody bills the difference. We flag allowance variances at close so they're invoiced, not absorbed.
Payroll taxes, L&I, and workers' comp routinely add 25–35% on top of wage cost. We load burden into job costs so your gross margin is honest.
Monthly accounting starts at $750/month. Every engagement below is handled remotely by default, with in-person meetings available across the Puget Sound.
We work with home remodelers on projects throughout the Seattle area, including:
For most residential remodel work, yes — retail sales tax applies to the total charge including labor. We set your invoicing and tax coding up correctly so you're collecting what you owe.
Yes, and we know its quirks — including how its QuickBooks Online sync mishandles sales tax. We reconcile the two so your books and your project software agree.
Most of our work is remote, but we're based in the Puget Sound and regularly meet Seattle-area clients in person when it helps — onboarding, year-end review, or a lender meeting.
Job costing, WIP schedules and percentage-of-completion, retainage, labor burden, WA sales tax, and 1099 compliance — how we run construction accounting end to end.
Read the construction accounting guideGuides & explainers
Practical walkthroughs on job costing, sales tax, and payroll for construction and real estate businesses in King County.
Book a consultation — we'll review your current books and map out what monthly accounting would cover.
Get in touch
Tell us a little about your business and we'll follow up to schedule a call — usually same day.
Prefer to reach out directly? We answer most inquiries within a few hours during business days.
Email us
Info@readyaccounting.coCall us
(253) 367-3672