General
Contractor Bookkeeping Services
Seattle
As a general contractor, managing finances while juggling projects, labor, materials, and clients can be overwhelming. At READY Accounting, we offer specialized General Contractor Bookkeeping Services to help you streamline financial management, track job profitability, and ensure long term business growth.
Whether you’re building homes, managing renovations, or overseeing commercial projects, our bookkeeping solutions provide the tools and insights you need to stay on top of your finances.
General Contractor Bookkeeping Services?
1.
Accurate Job Costing and Profitability Tracking
For general contractors, accurate job costing is essential to profitability. Studies show that over 49% of contractors lose revenue due to inaccurate job cost tracking. Our General Contractor Bookkeeping Services track all job-related expenses—including materials, labor, permits, and overhead—so you know exactly how profitable each project is. With clear, real-time insights, you can adjust bids and manage budgets more effectively.
2.
Cash Flow Management for Contractors
Cash flow is the lifeblood of any contracting business, but managing payments, deposits, and expenses can be challenging. Research shows that poor cash flow management is one of the leading causes of contractor business failures. Our cash flow management services help you maintain a steady cash flow, manage expenses, and plan for future projects. We track incoming payments from clients and outgoing payments to suppliers, ensuring you always have the working capital you need to keep projects moving.
3.
Payroll and Subcontractor Management
Managing payroll for your employees and payments for subcontractors is critical for maintaining smooth operations. With multiple projects in progress, ensuring everyone is paid accurately and on time can be tricky. Our payroll services for contractors automate payroll processing, track labor costs by job, and ensure compliance with tax regulations. We also manage payments for subcontractors, ensuring they’re paid according to your agreements.
4.
Project Based Invoicing and Accounts Receivable
Delayed payments can hurt your bottom line and stall your projects. Our invoicing services help you issue timely, accurate invoices based on the progress of each project. We track outstanding payments, send reminders, and follow up on overdue accounts, ensuring your business maintains a healthy cash flow and minimizing the risk of payment delays.
5.
General Contractor Tax Preparation and Planning
Navigating tax regulations can be complex for general contractors, with deductions available for materials, equipment, travel, and more. Our general contractor tax services ensure you take full advantage of all eligible deductions while staying compliant with federal, state, and local tax laws. By proactively planning for tax season, we help you reduce your tax burden and avoid costly penalties.
6.
Real-Time Financial Reporting and KPIs
Understanding the financial health of your contracting business is key to making informed decisions. We provide real-time financial reporting tailored to general contractors, offering insights into your profit margins, job costs, overhead expenses, and more. We track key performance indicators (KPIs) specific to contractors, helping you optimize business operations and increase profitability.
Initial Consultation and Financial Assessment
Our process begins with a detailed review of your financial situation, including an analysis of past projects, job costs, payroll, and cash flow. This helps us identify areas where your financial management can be improved, from better cost tracking to more efficient invoicing.
Customized Bookkeeping System Setup
We use leading accounting software (QuickBooks, Xero, etc.) and integrate it with your existing systems to streamline all financial processes. Our general contractor bookkeeping setup includes automated expense tracking, project-based invoicing, and payroll management, ensuring your financials are always accurate and up to date.
Ongoing Support and Data-Driven Insights
Unlike standard bookkeeping services, we offer continuous support tailored to your business. Our team monitors your financial health throughout the year, identifying trends, flagging issues early, and providing actionable insights. We help you optimize your finances, reduce costs, and improve project profitability.
Monthly Financial Reviews and Reporting
Every month, we provide comprehensive financial reports, breaking down your income, expenses, and job profitability. These reports give you a clear understanding of how your business is performing, allowing you to make data-driven decisions about future projects, pricing, and overhead management.
Ready Accounting’s General Contractor Bookkeeping Services
Industry Expertise
We specialize in bookkeeping for general contractors, understanding the unique challenges you face and offering tailored solutions.
Accurate Cost Tracking
Our detailed job costing and expense tracking ensure every dollar is accounted for, giving you full visibility into project profitability.
Automated Systems
We streamline invoicing, payroll, and expense management with automation, saving you time and reducing the risk of human error.
Cash Flow Optimization
Our focus on cash flow management ensures your business has the working capital needed to keep projects on track.
Tax Compliance and Savings
We maximize your deductions while ensuring full compliance with all tax regulations, helping you reduce your overall tax burden.
General Contractor Bookkeeping Services Today!
At READY Accounting, we provide expert general contractor bookkeeping services that help you manage finances, improve job profitability, and ensure your business stays on track. Whether you’re running residential, commercial, or speciality projects, our bookkeeping solutions are crafted for your unique needs.
Let us take care of your financial management so you can focus on what you do best—delivering high-quality construction projects.
