Bookkeeping for Construction Companies

Construction books are different from most small businesses. Costs belong to jobs, payments go to subcontractors, and cash can swing between projects. Our team has worked with construction and lumber organizations, and we keep your books organized so you can see which jobs actually make money.

What we handle

• Monthly bank and credit card reconciliation
• Job and project cost tracking
• Accounts payable and receivable, including progress billing
• Subcontractor payments and the records behind them
• Payroll, source deductions, T4s and ROEs
• GST and Manitoba RST tracking and returns
• Monthly financial statements and cash-flow reports

Common challenges we help with

• Not knowing which jobs are profitable until the work is finished
• Subcontractor payments scattered across cards, cheques and e-transfers
• Cash gaps between paying crews and getting paid
• Receipts for materials and tools that never get recorded
• Year-end surprises when books were left until tax time

Contractors who pay subcontractors may need to report those payments to the CRA, for example on a T5018 Statement of Contract Payments. Whether this applies to you depends on your business, so ask us.

How it works

We start with a free consultation, send a written fixed-price proposal, set up and tidy your current books, then deliver reconciled books and reports every month. Catch-up for earlier months is billed at your package’s regular monthly rate for each month, and backlogs longer than 12 months are quoted in writing first. See our pricing.

General information only. Tax and regulatory requirements depend on your situation and change over time. We will tell you what applies to your business, and we do not provide audit or assurance engagements.