Construction Bookkeeping Services

Outsourced Accounting & Bookkeeping
for Construction Organizations

Optimize your business and improve your construction company’s profitability by outsourcing bookkeeping for builders to our professional team. We specialise in custom bookkeeping for the construction industry, handling complex financial transactions seamlessly. Say goodbye to your costing worries and focus on growth while we provide affordable bookkeeping services for small construction firms. Don’t let financial surprises hold you back—visit us today to learn more about our trusted construction bookkeeping services in the USA. Hire professionals to handle your books and watch your business thrive!

The management of the construction companies involves certain expertise on financial matters. By outsourcing your accounting and bookkeeping, you can avoid the inevitable financial issues of running a business. In a construction business where one is in charge of several projects, or if you are a growing construction firm, bookkeeping services will be provided, depending on the type of business.

Construction Bookkeeping Services

Bookkeeping for contractors

Contractor Bookkeeping

Construction Accounting Services

Our Bookkeepers Certifications

  • velan bookkeepers in texas
  • velan bookkeepers in texas
  • velan bookkeepers in texas
  • velan bookkeepers in texas
  • velan bookkeepers in texas

Velan - Your trusted bookkeeping service provider with
the experience and expertise that you deserve!

18+
years in to Finance & Accounting
$1B
Manage Books
900+
Clients Handled
5000+
Invoices Processed per month
2000+
Bank & CC Reconciliation
in a month
Equipped with the Expertise to Efficiently Operate Various Accounting Software

Expert Construction Bookkeeping Services

What a Bookkeeper Can Do
for Your Construction Company

The primary specialty of a construction bookkeeper extends beyond account management. Here are the critical services they offer

Construction Financial Analysis and Reporting
Financial Analysis and Reporting Services

If you hire a professional bookkeeper, you can get custom reports that will show you your company’s profit and detailed costs and revenue features

Construction Accounts Receivable
Accounts Receivable Services

Good accounts receivable management guarantees timely recovery of money, hence improving cash flow.

Construction Equipment and Asset
Equipment and Asset Management

Make sure you can keep track of the tools and equipment you need to use and maintain.

Construction Order Tracking
Change Order Tracking

Oversee modifications within projects and adjust budget variances.

Construction Project Budgeting
Project Budgeting and Forecasting

Develop plans for future projects and control the project’s financial performance.

Construction Labor Tracking
Labor Allocation Tracking

Ensure that the labor costs accurately align with specific projects.

Construction Payroll
Payroll Processing
Services

We cannot overstate how crucial timely and accurate payments are for maintaining the morale and trust of our workforce.

Construction Project Cost
Project Cost Accounting

Proper cost apportionment by total costs or activity-based costs enhances project costing.

Construction Job Cost Tracking
Job Cost Tracking and Analysis

Gain insight into the costs related to a specific job in order to plan for better successful jobs in the future.

Construction Payment Tracking
Subcontractor Payment Tracking

Supervise payments made to subcontractors to ensure proper project pricing.

Construction Cash Flow
Cash Flow Management

Effective cash flow management in construction ensures funds are available to purchase materials, pay employees, and complete projects.

Construction Auditing
Construction Audit Services

Verify financial compliance and accuracy.

Construction Accounts Payable
Accounts Payable
Services

Implementing timely payments and, on the other hand, managing accounts payable will help you maintain positive relationships with your vendors.

Construction Contractors Accounts
Contractors Chart of Accounts

Create accounts that will address needs required by the construction business.

Construction Contract Revenue
Contract Revenue Recognition

Report revenues, progress, and profits in line with general accounting principles recognize revenue on the basis of project completion.

Construction Ledger and Firms
General Ledger for Construction Firms

Keep one central account for all the records of the financial operations.

Construction Inventory Management
Equipment and Inventory Management

Ensure that you keep a thorough record of the tools and other materials that you might be using.

Benefits of Construction Accounting Services

Accurate financial tracking can transform the way you run your construction business. Here are some key benefits

Construction Contractors Job Pricing

Accurate job pricing for contractors

Job costing enables organizations to accurately assign each expense, whether it is labor or material, to be utilized for particular jobs.

Construction Financial Decision-Making

Improved Financial Decision-Making

When financial reports are well formatted, a business person is in a position to grasp the operations of his/her business in terms of finance.

Construction Time Saving

Time Savings

Outsourcing bookkeeping allows a firm to refocus time and resources on core areas like project management and client relationships.

Construction Cash Flow Management

Enhanced Cash Flow Management

It is an essential resource for any business to know that at any point, they can pay employees, buy inputs, or finance new projects.

Construction Tax Preparation

Streamlined Tax Preparation

Record keeping helps reduce complexities involved in tax remittances and meets necessary legal requirements.

How Our Bookkeeping and Accounting
Works for Construction sector

We use a structured approach to deliver seamless bookkeeping and accounting services
for your construction business. Here’s how we work

Understanding Your Business Needs

We begin by assessing your current financial processes and identifying areas for improvement. Whether you’re a contractor or a larger construction business, we tailor our services to fit your unique requirements.

Setting Up Efficient Systems

We integrate advanced accounting tools and software to streamline your bookkeeping process.

Ongoing Financial Management

To keep your books correct and current, we offer constant help.

Collaboration and Support

If your team has any queries or concerns, we will work closely with them to resolve them. Our goal is to build a long-term partnership that helps your business thrive.

Why Bookkeeping for Your Construction
Company Is So Important

Effective bookkeeping is more than just number-crunching; it’s the backbone of a successful construction business. Here’s why:

Construction Bookkeeping Job Costs
Accurate job costs for better
project management

Tracking costs for each job helps ensure you stay within budget and achieve profitability.

Construction Bookkeeping Cash Flow Management
Better Cash Flow
Management

A healthy cash flow allows you to fund new projects, pay employees, and manage unforeseen expenses.

Construction Bookkeeping Financial Compliance
Improved Financial
Compliance

Accurate records ensure compliance with tax laws and reduce the risk of audits.

Construction Bookkeeping Profitability
Enhanced Profitability

By analyzing financial data, you can identify high-performing projects and make adjustments to maximize profits.

Online Bookkeepers & Accountants

How Secure is Your Data With Us?

Velan understands the importance of safeguarding customer data throughout its entire operational lifecycle. We ensure the uttermost protection of customer property throughout the entire product development process, including storage and logistics. We demonstrate our dedication to data security through the implementation of ISO 27001 in our office.

Why Choose Velan Bookkeeping Services?

Finding a reliable accounting partner is crucial. Here’s why Velan is the ideal choice

  • Industry Expertise
  • We specialize in bookkeeping for the construction industry, offering tailored solutions to meet your unique needs.
  • Experienced Professionals
  • Our team has years of experience in construction accounting, ensuring accurate and reliable financial management.
  • Advanced tools and technology
  • We use cutting-edge accounting software to streamline processes and improve efficiency.
  • Cost-Effective Solutions
  • Outsourcing your bookkeeping to us saves time and money compared to hiring an in-house team.

Why Our Clients Trust Us

Testimonials

News, Tips & More!

Bookkeeping case Study

accounting-process-automation

NJ Chemical Manufacturer Trusts Velan's Accounting Services

Velan supports a New Jersey speciality chemical manufacturer with top-notch accounting services. Velan completes accounts receivables and payables on time with 100% accuracy and earned the client’s trust.

More on Bookkeeping Case Study
Outsource Bookkeeping Services

Michigan Property Management Firm Enlists Velan for Cleanup & Retainer Services

Michigan property owners rely on Velan for professional cleanup and retainer services. Discover how our trusted property management firm can assist you

More on Accounting Case Study
CPA's and Accounting Firms Bookkeeping

Velan | Transitioning from Sage to QuickBooks for Service Firm

Velan Accounting Team assists a reputable service provider in transitioning from Sage to QuickBooks to optimize payroll, improve AP/AR, and increase workflow efficiency

More on Real Estate Case Study
Construction Bookkeeping

Frequently Asked Questions

What does a bookkeeper do for a construction company?

A bookkeeper manages accounts payable and receivable, tracks job costs, processes payroll, and provides detailed financial reports to help contractors make informed decisions.

What is the formula for construction accounting?

The basic formula is: Revenue - Costs (Direct + Indirect) = Profit. This ensures accurate financial tracking for each project.

What does a construction bookkeeper do?

They handle everything from payroll and invoicing to job cost tracking and financial reporting, ensuring smooth operations and accurate records.

How do you do construction accounting?

Construction accounting involves specialized methods such as job costing, revenue recognition, and change order tracking to accurately reflect project progress and profitability.

Where do construction costs go on the balance sheet?

Depending on the project's completion stage, "Work in Progress (WIP)" or "Cost of Goods Sold (COGS)" typically record construction costs.

What is GAAP construction accounting?

GAAP (Generally Accepted Accounting Principles) for construction focuses on accurate revenue recognition, cost matching, and detailed job costing to comply with industry standards.

Quick Connect With Us

By submitting, you consent to the use of your personal data in accordance to Velan's privacy policy.