Over 40,000 construction professionals trust FOUNDATION to simplify their finances and empower them to build stronger, more profitable businesses. Beyond providing the data for tax accounting, efficient bookkeeping also makes for sound business decisions year-round. Real-time data are the basis for choices by a construction business about needed materials, project alterations, workforce size, lease/buy decisions about equipment, and more.

• Our Strategic Bookkeeping Services System Delivers - Strategic contractors bookkeeping services right and on time because we are not at the mercy of our bookkeeping staff.
• WIP reports make it easier to get an overview of each project’s budget, percent complete, actual costs to date, and more, so you can see if it’s overbilled or underbilled.
• Since then we have made thousands of improvements and we continually improve, update, innovate and enhance it.
• Factors like asset depreciation, surprise costs, prevailing wage, overtime pay, etc. all need to be accounted for.
• Maybe your construction business is just getting started and you need help understanding the relevant tax codes in your area.

Is Outsourced Bookkeeping Right For Contractors In New Hampshire?

Because construction is project-based, you need a way to see how well individual projects are performing at a granular level, instead of trying to get a grip on your company’s financials from five miles above. This is where job costing comes in, allowing you to make sure each new construction job you take on is hitting all the marks. Our bookkeepers understand the unique financial challenges of the real estate and construction industries, offering tailored advice and insights to help your business thrive. Stay on top of your finances and keep yourconstruction projects moving forward with timely invoicing. Cents and The Significance construction bookkeeping of Construction Bookkeeping for Streamlining Projects Balance is your local ally, offering full-service monthly bookkeeping specifically tailored to the unique landscape of New Hampshire’s economy. Our services are 100% remote, perfect for the dynamic NH lifestyle, allowing you to access your books anytime, whether you’re at a Portsmouth cafe or on a White Mountains retreat.

• We know what it is like to be in a financial bind and need help and not be able to get help and when you don't need help everybody has their hand out trying to sell you something.
• With the FOUNDATION Job Costing Module, you get Microsoft® SQL Server®-powered reporting, which means stress-free job costing across the date range you need.
• 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.
• FOUNDATION provides the comprehensive back-office solution New Hampshire contractors need to thrive in the booming local construction market.
• The company is led by Patti Park (fmr Marshall), a New Hampshire native with 25+ years of experience in the field.

Cost Codes and Cost Types for Organizing Expenses

• That’s the point of running a business in the vibrant communities of New Hampshire, right?
• With accounting controls, construction general ledger software improves compliance and financial management.
• If you want to be able to plan better, and proactively address problems before they eat into your profit, you need this document.
• Our expert bookkeepers work their magic, transforming your numbers into easy-to-understand insights.
• These are just some of the benefits our fully integrated accounting software solution offers professionals like you.
• We don’t need to be in the same state, but we’re right here in the Granite State, ready to craft a custom plan that fits your specific business needs.

You can now use this percentage to calculate the amount of revenue to recognize for a specific project https://www.bignewsnetwork.com/news/274923587/how-to-use-construction-bookkeeping-practices-to-achieve-business-growth milestone or pay period. ReVision Energy is building a 4.9-megawatt solar project in Kingston, NH on 3 acres of land. The Kingston solar project will be the largest utility-owned solar installation in New Hampshire. The new project is creating 700,000 square feet of office space, 880,000 square feet of restaurant and retail space, a 300 room hospital, 550 hotel rooms and over 1,000 homes.

Boost Profits With Accurate Job Costing

The better you’re able to integrate all the elements that affect your profitability, the better you’ll become at project management, estimating future jobs, and controlling costs on and off the job site. If you want to grow sustainably, this is a construction accounting principle you have to master. You can build job budgets with your company's job cost structure and compare project performance against estimated revenue, costs, labor hours, and quantities. 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.

Time Savings

The $152 million construction project will include geothermal heating and solar panels. Imagine the extra hours you'll reclaim with your family when you entrust your bookkeeping to us. We'll help you monitor and optimize your cash flow, enabling you to make strategic decisions and seize new opportunities. The company is led by Patti Park (fmr Marshall), a New Hampshire native with 25+ years of experience in the field. Patti has a Bachelor of Science degree in Accounting and Business Administration with a minor in Finance.