Why construction businesses need industry expertise
Accurate, insightful financial reporting helps business owners make better decisions
Standard accounting services are much simpler because in most cases the business is a fixed environment. They have sales, cost of goods, expenses and from there they can easily calculate a breakeven point.
With construction accounting job costs may include packing and unpacking materials, traveling, warehousing, subcontracting labor and much more.
On top of the mobile (non-fixed) nature of construction work, sales can have multiple categories within it. Cost of goods includes direct and indirect costs, with a multitude of categories within each. An item that may be a straightforward expense for a regular business could qualify as ‘cost of goods sold’ in the context of construction work.
Calculating the breakeven point is much more complicated in construction because so much of the work is completely custom. Instead of a basic profit and loss report for a company, you need job costing and job profitability reports for each project.
Sage 100 Construction Accounting Software
On Track’s Dynamic Duo of Sage 100 Contractor software implementation and training.
Accurate financial reporting
Accurate and meaningful reporting is the foundation for successful business decisions. When business owners make decisions based on accurate financial reporting the results can be tremendous.
Headache-free set-up and implementation
Getting started with a powerful new software providing highly specific report generation, accurate accounting data, and sophisticated internal control procedures can be complicated. We take the headache out of set-up and implementation.
Training by certified Sage experts
On Track’s software training ensures the accuracy of bookkeeping data, and helps business owners understand financial reports to maximize profits and guide business decisions with confidence.
Our Certified Sage experts train you to go from estimate to invoice with one integrated workflow system utilizing all of Sage’s available features.
Learn what reports are available, when to view them, and how to analyze them to make profitable business decisions
Always know where your money is going and where you stand financially. Because every business should trust its numbers.
We can help you with these vital day-to-day functions
- General Ledger & Company Set-up
- Financial Review & Reporting
- Use of the Check Register
- Accounts Receivable
- Accounts Payable
- Credit Card Management
- Payroll Processing & Quarterly Reporting
- Project Management
- Equipment Management
- Estimating
- Scheduling
- Service Receivables
- Inventory
- Year-End Reporting (W-2’s, 1099’s)
Put our 25 years of proven success to work for you
From teaching you how to read financial reports to helping you develop financial goals and a strategy to increase profitability, we are here to help with the full range of your construction business management needs.
Our clients have a wide range of construction accounting needs — some are starting new construction businesses, others just need training in accounting software, and some require a full-service bookkeeper. Whatever your needs, we can help.