Bookkeeping Services for Construction Companies & General Contractors
The Giersch Group specializes in scalable bookkeeping, accounting and management consulting services for construction companies and contractors. Having an experienced financial professional at your service not only relieves you of the hassle and stress of keeping the books, it gives you a clearer picture of your firm’s financial health and helps you develop a plan for the future.
Take advantage of a free 30-minute consultation with the Giersch Group to learn more about how we can help your construction company. For your convenience, consultations can be held online, or at our Milwaukee, Brookfield, or Madison offices. Our services are 100% virtual and available nationwide.
Specialized Bookkeeping for Construction Professionals
The construction industry’s complex accounting rules and tax regulations demand specialized bookkeeping expertise. Construction companies and home remodelers need bookkeepers with industry-specific experience. Making decisions based on inaccurate financials can prove enormously costly - far exceeding professional bookkeeping fees.
Most bookkeepers lack familiarity with the intricate journal entries and payment tracking required for the construction industry - but not Giersch Group. With years of experience serving numerous NARI and ASID members throughout Milwaukee, we have the deep industry knowledge to hit the ground running and provide impeccable bookkeeping with insightful financial reporting tailored for construction professionals.
Why Construction Needs Industry-Specific Bookkeeping
Standard bookkeeping pales in comparison to construction accounting’s complexities. Most businesses operate in a fixed environment and calculate financials like breakeven points - sales minus costs of goods and expenses.
Construction’s mobile, multi-site nature makes diligent cost tracking even more necessary. For any job, expenses can span packing/unpacking, travel, warehousing, subcontractor labor and more. Even sales themselves have multiple revenue categories.
Calculating breakeven points is far more nuanced when work is highly customized. Rather than generic P&L statements, contractors need granular job costing and project-specific profitability reports. Failing to segregate expenses and profits by job makes it impossible to strategically target the right work.
Bookkeeping for Subcontractors
The Giersch Group provides professional, flexible bookkeeping services for a wide range of construction and specialty trade professionals including:
- Home builders
- Plumbers
- Electricians
- Painters
- Roofers
- HVAC companies
- Cabinet makers
- Window and blind installers
- Siding & insulation installers
- Handyman services
- Mechanics
- Flooring and carpeting companies
- Fire, smoke and water restoration services
- Audio Visual companies
- Road, bridge & highway construction
Certified QuickBooks™ ProAdvisor for Construction Companies
As a certified QuickBooks™ Online ProAdvisor, we can train your staff in QuickBooks™ so you can use your financial statements to improve your business operations at half the retail cost of the software. Our QuickBooks Services include:
- QuickBooks™ installation & setup as a standalone service
- Reviewing your books for accuracy
- Organizing your books and fixing any mistakes
- Training on how to view & interpret your financial statements
- Training on QuickBooks™ advanced features
- Ongoing support for QuickBooks™ programs (payroll, accounts receivable, accounts payable, job costing, customized reporting and inventory tracking)
- Complete bookkeeping support and regular reporting in full accrual accounting
Understanding Your Financials
At Giersch Group, we ensure you not only have timely, accurate financial reports, but help you to understand your current and long-term financial picture. We pride ourselves on our hands-on approach to all of our clients, being available to answer any questions you may have about your financials.
Our Services for Construction Companies
We offer more than just bookkeeping services for construction companies and contractors in Wisconsin. In fact, all of our services are available online nationwide.
Contact us today for a free 30-minute consultation.
Case Study: Jim Wirtz's Woodworks
Case Study: Brew Pipeline
Frequently Asked Questions:
Why should a construction company or general contractor outsource an accounting expert?
Construction bookkeeping is a unique form of accounting and financial management. Complex costs from labor, transportation, equipment, materials and insurance all determine profitability. Giersch Group services help construction companies track individual expenses and determine how they influence the company as a whole.
How is construction accounting different from other businesses?
Because every construction project is different, bookkeeping is not standardized in this industry. Complex financial reports warrant the services of an expert. Giersch Group generates individual job reports that highlight the most profitable projects for your business.
Does bookkeeping cost more for construction companies?
No. Due to the nature of the industry, Giersch Group takes a specialized approach to cleaning up the books. No matter the needs or the size of your company, we have a clear and affordable plan for you.
