CONTRACTOR BOOKKEEPING
BOOKKEEPING FOR CONTRACTORS.
Bookkeeping for contractors is its own trade — job costing, WIP, retainage and progress billing, not just a bank feed. Here is what it covers, and which of the two ways in you need.
- CONTRACTORS ONLY
- QUICKBOOKS ONLINE
- TAX-READY REPORTS
WHAT IT COVERS
MORE THAN CATEGORIZING TRANSACTIONS.
A general bookkeeper closes a month. Contractor bookkeeping closes a month and tells you which jobs made money doing it. That difference is the whole service.
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JOB COSTING
Every cost coded to the job it belongs to, so profit is measured per job and not just per month. Available as an add-on.
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WIP TRACKING
Work in progress kept current, so over- and under-billing show up while the job is still running. Available as an add-on.
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A REAL MONTHLY CLOSE
Accounts reconciled and the month shut, on a schedule, rather than reopened every time a question comes up.
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ONE SET OF BOOKS
Payroll, AP and AR reconciled into your books, so the reports you read are the whole picture.
WHO IT IS FOR
BUILT FOR PEOPLE WHO RUN JOBS.
We work with contractors and nobody else — solo operators through crews running several jobs at once.
You are in the right place if
You bill by the job and want to know which ones actually made money. You hold retainage, bill progress draws, or carry work in progress across a month end. You pay subcontractors and issue 1099s. You are running QuickBooks Online, or you are willing to move onto it.
Company size matters less than that list. A solo trades business with four jobs a month has the same accounting shape as a crew with forty; it just has fewer of them.
This is probably not for you if
You do not work in construction or the trades. Contractor accounting is the only kind we do, and a business that never job-costs is paying for machinery it will not use.
You need work this firm does not sell. Stream provides bookkeeping, job costing, WIP tracking and tax preparation — nothing beyond those. If what you need sits outside them, it is better to hear so now than three months in.
TWO WAYS IN
START WHERE YOUR BOOKS ARE.
Most contractors arrive at one of two places: behind, or current and tired of doing it themselves. There is a page for each.
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Cleanup Bookkeeping
For books that are behind, tangled, or were never really set up. We work back through the open months, straighten what is there, and hand you a current set of books to go forward from.
CLEANUP BOOKKEEPING -
Monthly Bookkeeping
The ongoing service. Books closed every month and tax-ready reports delivered on a schedule you can plan around. Add job costing or WIP tracking when the work calls for them.
MONTHLY BOOKKEEPING
BUILT FOR YOUR TRADE
ACCOUNTING THAT KNOWS THE JOB.
From job costing to retainage and progress billing,
we understand the financial pressure behind every project.
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ROOFING
CONTRACTORSClaim work, supplements and deductibles accounted for on the job they belong to.
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BUILDERS &
GENERAL CONTRACTORSCosts coded per job across every project running at once, so you can see which ones earned.
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PLUMBING
CONTRACTORSService calls and construction work kept apart, so neither one hides the other.
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HVAC
CONTRACTORSInstall work and service work costed separately instead of averaged into one margin.
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REMODELING
CONTRACTORSApproved change orders tracked against the original contract instead of vanishing into one total.
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ELECTRICAL
CONTRACTORSTrack labor by who actually worked it and hold costs on jobs still waiting to pass inspection.
