And don’t forget more traditional business deductions, such as office supplies and equipment, website design and hosting, phone, advertising, and internet expenses, subcontractor costs and employee salary and related expenses. Accounting also includes filing tax returns, which are based on business income less its reasonable and ordinary expenses. When expenses are recorded with precision, it’s easier to pay the proper amount. We’ll The Significance of Construction Bookkeeping for Streamlining Projects provide you with clear, organized financial records and reports, making it easy for you to understand your business’s financial health and make informed decisions. Call us today to find out how your business can benefit from the perspective of a New Hampshire CPA firm that knows the construction industry. The construction industry in New Hampshire is primed to see massive growth in the coming months and years, and Appletree Business Services wants to help your business capitalize.
Why hire a CPA?
We prepare your bank account reconciliations, monthly close-outs and review and send your financial and management reports within 15 days of receiving the information from you. Our smart system defaults to filling in timecard information with just a few keystrokes — or sync mobile timecards — and FOUNDATION calculates pay rates, taxes, and deductions automatically. This means you can process multi-state, multi-union, and multi-trade timecards, helping to simplify the processes. Even with all these benefits, some contractors opt for off-the-shelf accounting software, but for the complexities you face, you need software designed for your business. With over $1.5 billion in upcoming construction projects across New Hampshire, from the Woodmont Commons development to the new Concord Middle School, contractors need financial tools to manage these multi-phase projects. New Hampshire is home to several large construction projects that are excellent opportunities for contractors to take advantage of.
Proven Success in the Construction Industry
Infrastructure projects like roads, bridges, and utility installations require careful tracking of large-scale equipment costs, labor, and materials. From bookkeeping to taxes to payroll, the professionals at Appletree have years of experience to help you track exact expenses, more accurately estimate material and labor costs, and pay vendors and workers accurately and on time. Call today and let’s talk about what your construction business needs to thrive. If you’re struggling to get real-time insights from spreadsheets, or you are spending time on manual accounting tasks, see how FOUNDATION’s construction accounting software can help you improve your job costing and get valuable time back.
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- We’ll help you monitor and optimize your cash flow, enabling you to make strategic decisions and seize new opportunities.
- Many platforms are available that make everyday bookkeeping easy to use, accurate, and flexible.
- Because programs scan receipts and invoices and make them immediately available, a lot of entry work gets done automatically.
Taxes
With our team managing your finances, you can devote your valuable time to the tasks that matter most, like building client relationships and overseeing projects. Managing the books in New Hampshire’s fast-paced environment can be as challenging as a trek through the White Mountains. After a day’s work, whether in the vibrant streets of Manchester https://azbigmedia.com/real-estate/commercial-real-estate/construction/how-to-leverage-construction-bookkeeping-to-streamline-financial-control/ or the peaceful valleys of the Lakes Region, you deserve to relax, not wrestle with spreadsheets or invoices. Let us handle your financial details, so you can enjoy New Hampshire’s natural beauty and quality time with loved ones.
The Best Construction Accounting Software In New Hampshire
Real-time insights into expenses, revenue, and profits enable informed decision-making. Many platforms are available that make everyday bookkeeping easy to use, accurate, and flexible. Programs are accessible from a computer or a mobile device and come with default bookkeeping categories installed, avoiding the need to build things from scratch or on the fly. Because programs scan receipts and invoices and make them immediately available, a lot of entry work gets done automatically.
- Construction is a highly profitable field—for those who know what they’re doing.
- Construction accounting software allows contractors to track costs across multiple project phases, manage subcontractor payments, monitor labor expenses, and maintain compliance with various funding requirements.
- We do travel most of the Seacoast, NH area, to southern Maine, the southern Lakes Region, and Portsmouth.
- That’s where we come in – our experts have helped countless clients overcome these challenges and put them on the path to financial success.
- We all work together to provide exceptional service to our clients without losing sight of the teamwork and humanity that informs what we do and makes it all happen.
The Growing New Hampshire Construction Industry
As construction projects continue to get bigger and regulations get tighter, you need accounting software that can help you manage bigger projects and stay compliant. With FOUNDATION, contractors can manage their finances effectively and scale their business. Getting Started on Effectively Tracking ExpensesNo matter how simple or complex a construction business is, a solid first step toward keeping accurate records is establishing a dedicated bank account(s) and credit card(s). This ensures that expenses are easy to identify and don’t get confused with personal expenses. It establishes a “paper trail” for times when needed (for instance, an IRS audit) and can insulate against creditors if the business stumbles. As a certified QuickBooks Online ProAdvisor, our team brings extensive industry experience and knowledge to support your growing construction business.