Accounting services for construction companies

Construction companies face unique accounting challenges, such as tracking job costs and managing contracts with clients.

Outsourcing these tasks to specialised construction accountants like CleanSlate can help construction businesses stay organised and ensure accurate financial reporting.

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Accounting solutions for construction industry

Australian builders love partnering with our team of construction accountants because it equips them to unlock their financial potential, reducing expenses and saving an average of $50K annually. Our services have become a recipe for success.

CleanSlate is a leading provider of construction accounting services. We work with clients from all over the industry, including builders, sub-trades professionals such as scaffolders or electricians, and architects.

  • Our team of specialist construction accountants knows how to save you money on taxes. We'll find the best way for your business so you can maximise profits and growth.
  • Considering the growing complexity of the construction business, we offer a service to help you make your company compliant with superannuation and workers' compensation laws.
  • To ensure that no one is left in trouble, our team specialises in helping get things back on track.
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offerings

We are professional accountants for construction that help businesses grow

Choosing CleanSlate as your outsourced accountant means you'll receive a professional, reliable, and high-quality solution to meet the changing business needs.

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Decades of experience

With over decades of experience, we have a deep understanding of the construction industry and its unique accounting needs.

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Professional accountant

Our professional small business accountants will not only keep your books in order but help you make informed decisions that drive business growth.

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Fixed price

Our fixed-price packages ensure transparency and eliminate surprise fees. Our competitive prices make us an affordable option for small and medium construction businesses.

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Prioritise communication

Our priority is clear and consistent communication with our clients, so you always know the status of your accounts and the financial health of your business.

Packages

Fixed monthly fee for a defined scope of services

Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work:

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Only Bookkeeping & BAS

Only bookkeeping and BAS (Does not cover tax returns, payroll and super):

From

$165/month *ex GST
  • Regular bookkeeping
  • Track income and expenses
  • Online BAS lodgment
  • Full financial statements
  • QuickBooks subscription
  • Annual business tax return
  • Payroll processing
    for up to 5 employees
  • STP reporting
  • Employer super reporting

Bookkeeping & Tax combined

For bookkeeping, BAS and tax returns (but no payroll or Super included):

From

$225/month *ex GST
  • Annual business tax return
  • Full financial statements
  • Software subscription
  • Regular bookkeeping
  • Track income and expenses
  • Online BAS lodgment
  • Payroll processing
    for up to 5 employees
  • STP reporting
  • Employer super reporting

Bookkeeping, Tax & Payroll

All inclusive package: Bookkeeping, BAS, payroll, Super and tax returns:

From

$280/month *ex GST
  • Annual business tax return
  • Full financial statements
  • Software subscription
  • Regular bookkeeping
  • Track income and expenses
  • Online BAS lodgment
  • Payroll processing
    for up to 5 employees
  • STP reporting
  • Employer super reporting

Add-Ons:

Businesses often require assistance with certain additional accounting tasks. To ensure flexibility to our clients, we offer hourly billing options for these additional tasks.

Accounts payable

Manage your bills, pay your vendors on time, and keep your cash flow in check.

From $99/month *ex GST

Accounts receivable

Streamline your invoicing, track payments, and manage your cash flow efficiently

From $99/month *ex GST

Multi-currency

Xero multi-currency allows you to receive payments in 160 currencies

From $99/month *ex GST
money back

CleanSlate offers 30 days money back guarantee to ensure client satisfaction.

Rest assured we always put our clients’ requirements first.

How do construction and traditional accounting differ in Australia?

In Australia, accounting for construction projects differs from traditional accounting in several key ways. First, unlike other lines of business where costs can be accrued more or less as they occur, accounting for construction is typically more project-based, with costs being recorded at the end of each phase or stage of the project.

Secondly, accounting for construction also tends to be focused on monitoring performance against budget rather than measuring profitability.

And finally, accounting for construction typically involves specialised cloud-based accounting software and tools that enable greater efficiency and accuracy in financial data tracking and reporting.

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What do bookkeeping services for construction companies include?

Accounts payable & receivable

Accounts payable & receivable

Our tailored solutions manage both receivable and payable accounts, ensuring bills are settled promptly and invoices are processed efficiently.

Payroll process

Payroll process

Our expert payroll team addresses all your needs, guaranteeing accurate payments to staff and contractors while overseeing job-related financials.

Financial reporting

Financial reporting

We provide detailed financial insights and reports, assisting in strategic business decisions and highlighting potential growth sectors.

BAS/IAS lodgement

BAS/IAS lodgement

With deep construction knowledge, we cater to specific BAS/IAS lodgement needs, ensuring compliance and accuracy in submissions.

Why us

Why choose CleanSlate for your construction accounting task?

When it comes to construction accounting, accuracy and efficiency are paramount. CleanSlate is the leading provider of construction accounting solutions, with a strong track record of helping businesses achieve their financial goals.

Our experienced professionals have the expertise to deliver reliable results on even the most complex projects. From software explicitly designed for the construction industry to ongoing support and consulting services, CleanSlate offers a comprehensive suite of tools that enables you to keep your operations running smoothly and effectively.

Whether you're looking to streamline your invoicing processes or manage your cash flow more effectively, CleanSlate delivers superior solutions that will help you succeed in any business climate.

So if you're looking for a trusted partner to help manage your construction accounting needs, look no further than CleanSlate.

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TESTIMONIALs

Client reviews

Josel Jose

If you're looking for an excellent accounting and tax service, CleanSlate is definitely worth considering. The team is very professional and supportive, and the process is streamlined and efficient. Overall, I've had a great experience working with them!

Questions

Frequently asked questions

Ask a question

Accountants play an important role in the construction industry, providing much-needed financial expertise and guidance to businesses of all sizes. They help construction companies track costs and predict future revenues, making it easier to plan their projects and secure the necessary funding.

Furthermore, accountants can also help businesses to manage risks associated with their work, such as keeping track of weather conditions or dealing with unexpected delays on a job site.

Ultimately, by helping businesses to keep their finances in order, accountants are instrumental in ensuring that the construction industry is able to remain productive and profitable.

Yes, construction companies can definitely benefit from outsourced accounting services. By working with a third-party company that specializes in handling financial matters, businesses in the construction industry are able to focus their efforts on building and growing their business.

This takes the burden of accounting off their shoulders so that they can devote their resources and attention to other aspects of the company that need attention, such as project management, marketing and customer satisfaction.

Additionally, outsourcing enables companies to access a much wider range of skills and expertise than what is typically available within a single organisation. Overall, working with an outside accounting firm can have huge benefits for construction businesses looking to thrive and grow over the long term.

There is no universal "best" accounting software for construction, as it depends on different factors, such as a company's size and specific needs. Some popular options include Sage Construction and Real Estate, Procore, and QuickBooks Contractor. It's essential to do research and choose software that meets your company's unique requirements.

Common construction accounting mistakes include:

  • failing to accurately track and allocate job costs,
  • not properly managing change orders,
  • not staying on top of tax compliance, and,
  • neglecting to monitor cash flow.

Working with a skilled and experienced construction accounting firm can help prevent these mistakes.

Good construction accounting is vital for the success and profitability of a construction business. Without accurate and efficient financial management, it can be difficult to track expenses, monitor budgets, assess profit margins, and make informed decisions about the direction of the company.

Furthermore, neglecting proper accounting practices can result in financial penalties for non-compliance with tax laws and regulations. Good construction accounting can also help attract potential investors or lenders, as they will have confidence in the company's financial capabilities and stability.

Overall, taking steps to ensure efficient and accurate construction accounting is crucial for the long-term success of a construction business.

The cost of construction accounting services varies and depends on factors such as the size and complexity of a company's operations, the specific services needed, and the accountant or firm hired.

Additionally, working with a construction accountant can often save money in the long run by preventing mistakes and optimising financial performance. It's important to thoroughly research and compare potential options to find the best fit for your specific needs and budget.

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Take control of your finances and unlock the potential of your construction business. Contact us today and get started with our cost-effective services that will save you time and money.

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