Outsourced accounting for small construction companies

Why outsource your construction company’s bookkeeping and accounting?

There’s no doubt about it, bookkeeping and accounting need to be done, but to be honest, it’s not really work that you value and it doesn’t generate the cold hard cash you want.  You’ve never liked paperwork as it always seems to just eat up all your time, making it the least attractive use of your time.

When you started your construction company, you were careful with money so outsourcing wasn’t even an option! But things have changed, so is now the time?

How do I know when the time is right to outsource?

You’ve grown

As the company’s grown you’ve found you’re left responsible for a multitude of tasks that are well outside your comfort zone.  You’re not only in charge of finding the work but running the jobs and supervising them too; there’s also the marketing (which is all new to you), not to mention the accounting side of things.

You want the company to grow further, but already feel as if every minute is packed with things to do. If only you could only free up some time to focus on what’s really important!

You’re tired

You already work hard all day; the only time you have available to do the additional stuff is in the evenings, or at the weekends – which quite honestly sucks.  But at the moment, it’s either that or allocate time in the week and lose out doing other things required for the business.

You’ve lost focus

It’s well known that multitasking never produces the best outcomes, it’s less productive and you’re bound to take your eye off the ball and something will go wrong – perhaps you already feel like it’s just a matter of time?

Just remember, you can’t do everything … and you shouldn’t have to!

Something has to give – it’s time to get the help you need and invest in outsourcing now.

What are the benefits of outsourcing my bookkeeping and accounting?

There are so many benefits to outsourcing, but here are some of the main ones.

It generates more time

Spending less time on the bookkeeping and accounting will free you up to do what you do best, leaving you in a better position to scale the core business and ultimately generate more income. 

Or, you never know, perhaps you could use it to relax and spend time with your family, after all they’re what’s driving you to want to be successful in the first place.

By passing all the bookkeeping to us, you’ll free up so much time, but even if you decide not to take up a full bookkeeping package we can still help.  We’ll use our experience to introduce you to ways of working smarter and more efficiently.  For example, we recommend all clients use Xero and link it to their company bank account.  They can then raise sales invoices directly in the system, link to receipt capture technology to collect all purchases invoices and set up bank rules which all save time.

More accurate

Bookkeeping isn’t usually given the respect it deserves, and its importance is often overlooked but remember that it’s the foundation used to see how well the business is doing. It’s also what you’ll use to make business decisions and forms the basis for the tax you’ll pay; what could be more important than that?

As qualified accountants we’ll take care of your bookkeeping and accounts so that they are completed correctly, removing the potential errors you’re making which may be costing you money. In fact, we often find that clients are extremely happy when we point out things that they are entitled to claim but have been missing out on!

It’s cost effective

We realise it can be hard to justify the thought of paying for outsourcing but try working out how much time you spend doing it yourself and then put a value on it – it’s likely to be far more than you thought.

As trusted advisers, we’ll manage your bookkeeping and accounts on your behalf so that you don’t have the headache of wasting valuable time and can then spend it doing what’s needed to grow.   Most clients tell us that with our help, they free up enough time, to generate income which more than covers our fees. 

Better quality management information

Accurate and up-to-date financial records play an important part in the success of a business by having better data from which to make important business decisions.

As progressive accountants, specialising in the construction sector we’ll ensure you have expert advice and higher quality information from which you can ultimately make more informed business decisions.  Our management accounts package provides all the information you require to see how your business is performing and what’s more, we’ll explain it to you in the format you prefer, be that written or via recorded video, with a follow up meeting to discuss it.

Ready to outsource?

We’d love to arrange a chat to discuss how we, in partnership with Xero, can save you time and make your accounting more accurate and efficient so please email us today to arrange a discovery call.

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