Construction Bookkeeping

Successful construction companies are built on solid bookkeeping. Effective reporting boosts client confidence and your professional reputation for integrity and transparency. The Burkhalter Group specializes in providing on-demand job cost reporting for project-based businesses. The right accounting systems give you a good idea of the amount of labor, materials and time they spend on jobs. That makes it easier to submit successful bids without losing profit margin due to overruns on expenses.

5 Signs You Might Need Help with Bookkeeping

It can be a challenge to know if your back-office needs help, especially when you’re juggling multiple projects and clients. However, it’s relatively easy to recognize poor bookkeeping. Examples include:

• Feeling Burnt Out: Feeling like you’re the only one handling your company’s day-to-day operations in addition to the workload you have balancing client needs is sure to take a toll, affecting your entire business.
• Disorganized Books: If you notice that your records skip years and dates, this can be a problem. This can often happen when using multiple channels as you record financial information, which can lead to non-chronological and disorganized books.
• Cash Flow Issues: When unforeseen expenses and late payments from clients accrue, it can cause your income and expenses to become unbalanced.
• Missed Tax Deductions: While bookkeeping does not directly handle your taxes, organizing invoices and receipts helps you find tax deductions, saving you money.
• Updating Books Suddenly: Having to quickly organize your books before important financial events like tax season contributes to inaccuracies in your records. Staying on top of your bookkeeping throughout the year with our services is a great way to ensure the accuracy of your finances.

As you interface with clients, we aim to be your partner, simplifying your internal bookkeeping to help you manage projects effectively. We have a track record of helping construction firms succeed with the Burkhalter Advantage.

Find out how much money you could be saving with professional bookkeeping. Let us show you how to streamline your internal financial processes!