Bookkeeping services for contractors | Construction, Plumbing and more
Are you a contractor in Canada? Find out how we can help
If you work as a contractor in Canada, you’re probably tired just from handling the contracting and execution side of your business. Add the financial regulation and compliance laws on top of that and that’s a mix that’s guaranteed to stress you out. When the future and safety of your business are at stake, it’s probably a lot wiser to get help from professional bookkeeping services. And that’s where we come in:
We’ve made it our mission to empower and educate entrepreneurs and help them, and their communities thrive. We’re here to help entrepreneurs make smarter decisions so they can grow their business and therefore gain more time and money. How do we plan on doing that? By providing them with real-time financial information, using the latest cloud technology and the very best Kninja accounting professionals.
On this page, you’ll find information regarding the benefits of outsourcing accounting services for contractors.
Monitor your business progress. Make informed decisions
Based on the information collected, they can provide advice that will help you make the best decisions for the future of your business. Through cloud technology, you can access your business data at any time, from anywhere, directly from your mobile phone.
Combine technology with professional expertise and let them work together towards the success and wellness of your business.
Searching bookkeeping services for contractors in Canada? Work with a team of awarded professionals.
Schedule a free consultation with us and discover how we can help.
Why is accounting for contractors different?
Given the fact that the length of contracts varies based on the industry, revenue recognition and cash management can become complex problems. That’s one of the main things that makes contractors’ accounting different from others. A professional bookkeeper can help you deal with the ways expenses variate and increase your overall profit at the end of the financial year.
What are the benefits of outsourcing bookkeeping services to a professional accountant?
From more precise financial statements to payroll management, revenue tracking, and expertise-based advice, the benefits a professional accountant brings to the table are many. Below we’re listed some of the most important ones that are guaranteed to make an impact in your business.
Increase Scalability
As your business grows, your accounting needs grow along with it. An in-house or part-time bookkeeper will probably don’t have the skills or resources to fit the requirements. Choosing a company specialized in delivering top-level accounting for contractors will grant you constant access to the resources you need to scale your business evenly.
Time Savings
When it comes to business management, everyone could use a bit more time. Outsourcing your bookkeeping is a great method to free up some time in your calendar. You’ll also save time and money by not having to hire, manage, and train in-house staff to handle this task.
Increase Profits
Most firms’ profits and profit margins grow if they choose to outsource their bookkeeping needs to a team of professionals, according to studies. As previously said, outsourcing is much less expensive than retaining a professional to conduct the same duties in-house.
Cost Reduction
We provide every client’s accountant with a clean set of books that have been updated and checked for any errors. This way, your accountant can spend less time on the year-end financial statements and more time advising you on how to improve your business.
Tax Decreases
A team of professionals can employ their expertise to ensure that all the expenses and deductions your business is entitled to are rightfully claimed. As an example, after engaging with a new client, we reviewed their HST account and found almost $28,000 dollars in HST input credits that a previous bookkeeper had missed.
Maintain Focus
As a business owner, regardless of the industry you operate in, your focus should always be oriented toward the most important aspects of your business. Plus, accounting for contractors can be quite complicated to handle. By not having to dedicate precious time and energy to your bookkeeping, you can maximize focus on other vital areas of your business.
Searching bookkeeping services for contractors in Canada? Work with a team of awarded professionals.
Schedule a free consultation with us and discover how we can help.
Take a look at what others say about their experience with us:
“We have been clients of AIS for almost four years now. AIS provides accounting & bookkeeping services to our firm. The AIS team has a broad set of practical business operation experiences which they are able to harness in supporting our firm in an efficient, effective and customized manner. Although they are contractually outsourced service providers to our firm, the care & attention AIS provides makes them an integral part of our organization. I would highly recommend AIS services for small-medium sized business owners who are seeking highly competent, outsourced business support and advisory services.”
Mark Barnicutt, MBA, CFA - CEO HighView Financial Group www.highviewfin.com
“AIS came to Breyer Casting Technologies some 16 months ago. At that time the financial reporting of the company was in disarray and out of control. THE AIS team quickly put the disciplines in place, and within 90 days, had control of our financial situation. Today Breyer Casting has a clear and precise picture of their financials through Pro Forma’s, Cash Flow, Labour and Material schedules and requirements. If you’re looking for a highly motivated professional financial services group, I would highly recommend you sign up the AIS financial team today.”
Bob Green, President, Breyer Casting Technologies Inc.
“We have worked with the team of AIS professionals since 2008. We know they will always get the job done in a most professional and personable manner. Their knowledge of QuickBooks allows me to rest assured knowing that my books are in order and my filings are accurate and on time. AIS will provide you with great results and expert advice with the utmost integrity.”
Dianne Hartwick, Owner Minding Your Business www.diannesmindingyourbusiness.com
“I was looking for general information on the internet regarding converting from MYOB and found AIS Solutions. A conversation with them quickly confirmed that my efforts would be best spent by engaging AIS to assist in the conversion. Their advice was balanced and honest and they helped us through the conversion with simple, straightforward instructions. Our training experience was clear and concise – all questions were answered thoroughly. The staff is such a pleasure to work with – meaning, no question, was too silly! I would definitely recommend AIS Solutions to anyone requiring assistance converting or installing accounting software.”
Deborah Kroch, Director of Finance and Administrative Services Big Brothers Big Sisters of Canada
Frequently Asked Questions
Do I need to clean up my books before I pass them over to AIS Solutions?
No, you do not. Cleaning up your books will be included as part of our work estimate. We provide every client with a clean set of books that have been updated and thoroughly checked for any eventual errors as a starting point.