Construction Accounting for maximum contractor profitability

Does your bank account fluctuate wildly? Do you struggle to meet payroll deadlines and pay for materials even though you are billing for thousands? Managing your cash flow properly can mean the difference in saving thousands on late fees to vendors or missed early payment discounts. Genesis Accounting Solutions can help get your books in order and create custom cash flows designed to give you visibility and peace of mind when it's time to pay vendors and staff.

Contractors are often out in the field, doing the hard work and getting the job done. This leaves little time to do the books or maintain accurate records. That's why Genesis Accounting Solutions is essential for maintaining the financial backend of your business. We do the work behind the scenes to give you accurate reporting of what you've earned and what you've paid. We can even track profitability by project or service to help you get more detailed information for better decision-making.

Learning how to scale and when is essential if you want to grow your business and keep it healthy. Knowing your business profitability is one part of the puzzle. Knowing how your crews are performing and how to track that performance and profitability is another. Genesis Accounting Solutions can help you put all the puzzle pieces together in a way that helps your business run more profitably and efficiently.

Running payroll and managing employees and subcontractors is often complex. Failure to comply with state, local and federal regulations governing your paid labor and subcontractors can result in thousands in penalties or delayed tax consequences. We can advise you on how your workers should be paid, how your payroll should be set-up and what tax forms are needed at year end. Genesis Accounting Solutions can also prepare those forms for you and process payroll as necessary.

You aren't alone if you scratch your head and wonder where all the money from that "big job" went or why your taxes show you profited big bucks last year but your bank account doesn't. Genesis Accounting Solutions has helped many companies answer these questions and figure out effective strategies for retaining more profits and building their balance sheets.