Build the business. Keep the numbers under control.
Accounting for Trades, Builders & Construction Businesses
Construction businesses need more than year-end tax compliance. They need reliable job information, disciplined cash flow management and accounting that follows the financial cycle of each project.
Why it matters
Why Trades, Building & Construction Need the Right Accounting Support
A construction business can be busy and still struggle to produce strong profit or cash flow. Materials are often purchased before customers pay, subcontractors and employees need to be paid on time, vehicles and equipment require ongoing investment, and several jobs may be running at once.
As a result, the bank balance alone does not tell you whether the business is performing well. Owners need to know what each job is costing, whether quoted margins are being achieved, how much is tied up in unpaid invoices, what is owed to suppliers and subcontractors, and what tax or GST liabilities are building up.
The pressures
What Your Business Must Manage
Job & Project Costing
Materials, direct labour, subcontractors and other project costs need to be captured consistently so you can see whether quoted margins are being achieved.
Long Payment Cycles
You may need to fund labour and materials well before progress claims or customer invoices are paid. Forecasting upcoming cash requirements helps reduce surprises.
Subcontractors & Employees
The way workers are engaged affects payroll, superannuation, record keeping and reporting obligations. Clear records are essential.
TPAR Reporting
Businesses primarily providing building and construction services may need to report relevant contractor payments through a Taxable Payments Annual Report.
Vehicles, Tools & Equipment
Utes, vans, machinery, tools and specialised equipment can represent major business costs and need appropriate accounting and tax treatment.
BAS, GST & PAYG
High transaction volumes and large material purchases make accurate GST coding, reconciliations and provision for upcoming tax payments particularly important.
Who we work with
Businesses & Professionals We Can Assist
- Residential builders
- Commercial builders
- Renovation businesses
- Electricians
- Plumbers
- Carpenters and joiners
- Bricklayers and concreters
- Painters and decorators
- Roofers
- Tilers and flooring contractors
- Landscapers
- HVAC and air-conditioning contractors
- Cabinet makers
- Earthmoving and excavation businesses
- Independent subcontractors and other tradies
What we do
Five Core Service Areas
The same five services, tailored to the way this industry operates.
Tax Services
Business and individual tax returns, year-end tax planning, vehicle and equipment treatment, eligible business deductions and TPAR preparation where required.
Bookkeeping
Job and project coding, progress claims, supplier bills, subcontractor costs, bank reconciliations, payroll records and Xero bookkeeping organised around the way construction work is delivered.
BAS & GST
BAS preparation and lodgement, GST coding and reconciliations, PAYG instalments and accurate treatment of high-volume material and subcontractor transactions.
Financial Accounting
Profit and loss reporting, debtor and creditor tracking, project profitability, job-cost visibility, cash flow reporting and a clearer view of the financial position of the business.
Business Advisory
Budgets, cash flow forecasts, job-margin reviews, pricing and quoting discussions, equipment or vehicle purchase planning, business structure reviews and growth planning.
Why choose us
Why Choose SmartBridge Accounting?
- Industry-aware accounting for project-based businesses
- Tax, bookkeeping, payroll and BAS support in one place
- Practical reporting focused on jobs, margins and cash flow
- Xero and cloud accounting systems
- Clear explanations without unnecessary accounting jargon
- Advice that can grow with the business
Ready when you are
Build with greater financial confidence.
Book a FREE initial consultation with SmartBridge Accounting.