What we handle for construction & trades businesses
- Project accounting for every job, from estimate to final holdback release
- Job costing for labour, materials, equipment and subcontractors
- Progress billing and holdback tracking
- T5018 contract-payment slips for subcontractors
- WSIB premium returns and annual reconciliations, plus WorkSafeBC and WCB reporting
- WSIB clearance certificates for contractors and subcontractors
- Equipment and vehicle CCA schedules
- Integrations with job software such as Jobber and similar tools
Project accounting for construction businesses
Most contractors only find out whether a job made money months after it finishes. We set up project accounting so every cost and every billing is tied to a job, and you can see each project’s profit while it is still running.
- Job and project setup: each project with its own budget, cost codes and phases
- Budget vs actual by project and cost code, so overruns are caught early
- Work-in-progress (WIP) schedules showing costs to date, billings to date, and over- or under-billing
- Percentage-of-completion revenue tracking for longer projects, prepared for your CPA
- Change orders recorded against the right project and billed promptly
- Progress billing and holdbacks: holdbacks receivable and payable tracked until release
- Subcontractor costs matched to projects, with T5018 reporting and WSIB clearance checks
- Labour and equipment allocation from timesheets and equipment logs to each job
- Project profitability reports by job, client, project manager or type of work
Reports you get every month
- Job cost report for every active project
- WIP schedule with over- and under-billing
- Holdbacks receivable and payable
- Project profit and gross margin, completed and in progress
- Cash-flow outlook based on upcoming progress billings
Services that fit
Monthly BookkeepingAccurate, reconciled books every month in QuickBooks Online, Xero or Sage, ready for GST/HST and year-end.Accounting & AI AutomationAI and automation for bank feeds, receipts, bills, invoicing and reports: fewer work hours, fewer errors, and tasks that run themselves.Payroll & WSIBPay runs, CRA remittances, T4/RL-1 slips, ROEs, and WSIB premium returns and reconciliations.GST/HST, PST & QST ReturnsGST/HST, PST, RST and QST returns prepared from reconciled books, with input tax credits maximised.