Accounting setup Services
- Is your contracting business taking off and you have yet to set up your bookkeeping/accounting?
- Did your CPA mention that you need to get your accounting setup?
- Do you know the value of proper bookkeeping and have been looking for accounting setup services?
We specialize in bookkeeping for contractors, handling a wide range of setup situations to ensure your financial records are accurate and organized. Whether you forgot to get your books setup or want to start your contracting business on the right financial foot, we have the expertise to get your bookkeeping setup and customized to your business. Our services cover everything from ensuring the correct accounts are added and training our clients on the best way to use their bookkeeping software.
Let’s get your books setup!
Why choose us for your accounting setup needs?
Collaborating with a bookkeeper who specializes in contractors offers numerous tailored benefits for contracting business owners needing an accounting setup. Here are some key advantages:
- Industry Knowledge: A bookkeeper who focuses on contractors understands the specific financial needs and challenges of the construction industry. This expertise ensures more efficient and accurate management of your financial records.
- Job Costing: Contractors often manage multiple projects with varying budgets and timelines. A specialized bookkeeper can implement job costing systems to track expenses and revenues for each project, which is essential for evaluating profitability and making informed decisions.
- Subcontractor Management: Working with subcontractors is common for contractors. A specialized bookkeeper can efficiently manage payments, track expenses, and ensure compliance with tax regulations related to subcontractor payments.
- Cash Flow Management for Seasonal Work: Seasonality affects many contractors’ work. A specialized bookkeeper can help manage cash flow during slower periods, ensuring financial resources are properly allocated and bills are paid on time.
- Business Growth Strategies: A bookkeeper who specializes in contractors can provide valuable insights and advice on financial strategies relevant to the construction industry. This support is beneficial for business expansion, strategic planning, and long-term financial success.
By partnering with Aladdin Bookkeeping: Bookkeeping for Contractors, for your QuickBooks Online and accounting setup, you can leverage our industry-specific expertise to optimize your financial processes, enhance decision-making, and navigate the unique challenges of the contracting business.
Schedule a time and see the difference bookkeeping for contractors makes!
How an accounting setup works
We take all contractor clients needing an accounting setup through the same three-step process, proven to not only give you the best books possible for your business, but also training you on how to use the accounting software
Our kickoff meeting will include learning more about your business and what exactly are your accounting setup needs. We’ll dive into customized chart of accounts to find the one that works best for you as well as getting you added to your new QuickBooks Online account.
In this step, we will go behind the scenes to make sure that your QuickBooks Online account is customized to your business, including all products and/or services, a custom chart of accounts, and adding in any already existing vendors/customers.
We like to make sure you’re starting off on the right foot, which is why we include training with each of our accounting setup packages. With the recorded one hour long session, we’ll go through the basics of bookkeeping, as well as how to invoice and pay bills through your QuickBooks Online account.
When your business explodes and you’re ready for the next step in your accounting, it’s as easy as 1-2-3. We’ll meet to establish the best monthly bookkeeping package for you, confirm that your bookkeeping is all correct, then move into complete bookkeeping freedom.
Do you like your options for accounting setup with Aladdin Bookkeeping? Click the link below for a free 30-minute call.
What can you expect after completing your accounting setup with us?
As your business grows, you might have some bookkeeping/finance questions and we are here to support you! You are able to email us any finance/bookkeeping questions up to three months after your setup. Then, once you’re ready for the next step, we recommend moving into monthly bookkeeping. This way you can look forward to on-time books while being able to focus on your business. Let a pro take care of your bookkeeping needs!
Monthly Bookkeeping Cycle
Monthly Bookkeeping Cycle
Financial Statements
Financial Statements
Financial Overview Video
Financial Overview Video
Schedule a time and see the difference bookkeeping for contractors makes!
Bookkeeping tech we use
Quickbooks Online
QuickBooks Online is one of the most widely used accounting software solutions available, and as QuickBooks Online ProAdvisors, we know it inside and out. This is why it's our top choice for accounting setups If you want to maximize its potential, we're here to guide you every step of the way.
Keeper
While this software may not be widely recognized outside the accounting industry, it’s invaluable for securely collecting documents and addressing transaction-related questions with our clients. Think of it as a client portal tailored specifically for bookkeeping needs.
Gusto Payroll
Great payroll leads to satisfied employers and employees. That’s why we’re thrilled to use Gusto, a platform known for its easy setup, quick payroll processing, and timely payroll tax payments—helping us keep our clients happy and making us look good!
From the Blog
Strategies to Manage Bookkeeping for Contractors During the Holidays
As a contractor, maintaining meticulous financial records is crucial for the success of your business. Efficient bookkeeping not only helps you stay compliant with tax
Why Contractors Need a Bookkeeping Cleanup Before Tax Season
As a contractor, you’re no stranger to the fast pace of running a business. But as tax season approaches, it’s essential to ensure your financial
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