Contractor Bookkeeping and Accounting
Help your business grow with professional bookkeeping services.
Tired of struggling with your financials as a general or subcontractor? We don’t blame you! Unlike other industries with set inventory, a permanent location, and simple revenue streams, contractors face a much more complicated system of per-project costs and profits, variable timelines, and change orders that can quickly turn your financials upside down. At All About Businesses, our expert bookkeepers specialize in tricky construction industry books and keeping your financials as straightforward as possible. Whether you’re an electrician, plumber, HVAC tech, carpenter, or general contractor, our experts are here to help take bookkeeping off your hands so you can get back to what you do best.
Services as Flexible as You Are
Projects can change on a dime in the construction industry, no matter what branch you’re in. Whether you’re a one-man team or overseeing larger projects, you know how unpredictable the construction industry can be. Changing material and labor costs, unexpected delays, and weather all impact your bottom line and need to be considered in your bookkeeping. Our experts are dedicated to knowing the ins and outs of any industry’s financial needs — we’re the experts so that you don’t have to be!
With our team of virtual financial experts, you can rest assured your books will be organized, accessible, and understandable. We’ll keep track of everything, from progress on job costing estimates to your accounts receivable and payable, including helping you organize various revenue recognition methods. Whether your projects use cash basis, percentage of completion, or completed contract methods — or a mix of the three! — you’ll always know your bottom line with our accounting services.
In addition to keeping track of revenue and organizing your books for tax purposes, we’ll also help you construct the various financial statements unique to the construction industry. Count on our team for accurate Work-in-Progress Schedules and Construction-in-Progress Reports, as well as crucial balance sheets, profit and loss statements, and payroll. We know life as a contractor can be hectic, so our virtual services are always online and tailored to fit your schedule.
Construction Contracting in the Portland Area
Your business is subject to area-specific regulations, taxes, and exemptions wherever you’re located. Though we’re available to streamline your bookkeeping no matter where you’re located, we specialize in navigating the laws and regulations within the Portland metro! Our experts will help you navigate the different taxes, filings, and requirements, including:
- The City of Portland Business License Tax
- The Multnomah County Business Income Tax
- The Metro Supportive Housing Services (SHS) Business Income Tax
- The Metro Construction Excise Tax
- Building permits
- Union dues for various sectors
- Multi-state requirements
- And more!
If you’re self-employed, we’ll also help you file as an independent contractor and navigate the different profit threshold requirements for different taxes and available exemptions. Trust our team to make tax preparation and filing a breeze so you can get back to running your business.
About Businesses Advantage
For nearly a decade, All About Businesses has helped businesses in every industry grow and thrive, especially within the Portland metro. Our Diamond Level QuickBooks ProAdvisors stay up to date on all the latest bookkeeping and accounting techniques, as well as changes to local tax structures and industry-specific news to help you feel more confident in your financial health. Your business is uniquely yours, so we never offer cookie-cutter solutions — our services are tailored to your company’s needs so that you’re not stuck paying for something you don’t need. Contact our team today for a free consultation and take the first step to financial peace of mind!