Construction Bookkeeping

Common industry frustrations

Inefficient manual processes Frustrated with paper pushing, chasing receipts and struggling to track costs across accounts on multiple projects? Wondering how you can automate tasks and streamline your bookkeeping to save time, reduce errors and gain clear insights into your finances? Cash flow management challenges Does your lumpy progress claims leave you scrambling to cover costs? Do you feel the weight of hefty material and labour costs and slow-paying clients leave you waiting, impacting your cash flow? Keeping up with changing regulations Do you feel lost in a maze of ever-changing construction awards, feeling worried about misclassifying contractors and facing penalties? Are you dreading the complexity of keeping your construction company compliant with diverse tax obligations?

How we can help?

We understand these common challenges that construction companies face and have a dedicated team with years of experience that can empower you to focus on what you do best – building. Imagine:

You effortlessly capture expenses on your phone, automatically import data into a system, leaving you free from manual data entry
You have access to user-friendly accounting software to help you handle your projects with ease, tracking your expenses and generating reports
You discover strategies to smooth out income streams, manage upfront costs efficiently, and get paid faster by your clients
Our professional accountants offer expert advice on financial planning and cost control with strategies to overcome cash flow hurdles and grow your business with confidence
Our experienced bookkeepers offer support and guidance to simplify and interpret building awards, contractor payroll, and various tax obligations

Here is where Trendsight steps in:

Bookkeeping and compliance: We'll automate repetitive tasks like data entry, bank reconciliations, and GST reporting, freeing up your time for higher-value activities.

We'll improve your cash flow visibility through accurate and timely financial reporting, enabling better forecasting and budgeting.

We'll stay up-to-date on the latest construction industry regulations and ensure you comply with all requirements. Budgeting and reporting We'll simplify budget creation, variance analysis, and reporting, providing real insights into project costs and performance.

We'll identify potential cash flow shortfalls early and proactively develop strategies to mitigate them.

We'll easily adjust reports to reflect changes in regulations, ensuring compliance and avoiding penalties. Systems and processes We'll implement cloud-based software that streamlines workflows and eliminates manual data entry.

We'll help integrate tools to track invoices, payments, and project milestones, ensuring timely payments and minimising delays.

We'll ensure that any updates with the latest regulations occur automatically, reducing the burden on you to stay informed.

Trendsight empowers you to:

Focus on what matters most – building excellence
Gain real-time financial insights to make informed decisions
Achieve financial stability and overcome cash flow challenges
Ensure seamless compliance and avoid costly penalties
Free up time and resources to grow your business with confidence

Contact a bookkeeper at Trendsight today and experience the transformative power of expert construction bookkeeping! Let us handle the financial complexities of bookkeeping for construction businesses while you focus on building your dreams.