12 Bradwick DI. Unit 7. Concord ON L4K 3P6

+1 647 478 9360

info@accountringgta.ca

Accounting Services for Construction Companies

Manage Your Finances Efficiently
Maximize Profits, and Ensure Compliance with Our Expert

Contact Us

WHY CHOOSE AccountingGTA

At AccountingGTA we specialize in providing tailored accounting services for construction companies. We understand the unique financial challenges you face, from managing project costs and payroll to handling progress billing and holdback management. Our team of experienced construction accountants is here to help you streamline your finances, improve cash flow, and stay compliant with complex tax regulations.

Construction Industry Expertise

With extensive experience in construction accounting, we know how to handle the unique financial aspects of your business, including job costing, progress billing, and holdback management.

Customized Solutions

We offer accounting services designed specifically for the construction industry, whether you're a small contractor or a large construction firm.

Optimized Cash Flow

Our services help you manage expenses, improve cash flow, and maximize profits through accurate financial reporting and effective cost management.

Comprehensive Compliance

We ensure your construction business stays compliant with all financial regulations, minimizing risk and protecting your bottom line.

Building Financial Success, One Project at a Time

At AccountingGTA we specialize in providing tailored accounting services for construction companies. We understand the unique financial challenges you face, from managing project costs and payroll to handling progress billing and holdback management. Our team of experienced construction accountants is here to help you streamline your finances, improve cash flow, and stay compliant with complex tax regulations.


Our Services Include:

  • Construction Bookkeeping

    Maintain accurate financial records with our specialized construction bookkeeping services. We ensure your books are always current, allowing you to make informed business decisions.

  • Job Costing & Project Accounting

    Keep your projects on budget with our job costing and project accounting services. We help you track expenses, manage budgets, and improve profitability across all your construction projects.

  • Progress Billing

    Manage your cash flow effectively with our progress billing services. We help you set up and manage billing based on project milestones, ensuring timely payments and financial stability throughout your projects.

  • Holdback Management

    Safeguard your finances with our holdback management services. We help manage retainage amounts and release schedules, ensuring compliance with legal requirements and reducing financial risk.

  • Payroll Services for Construction

    Simplify payroll management with our dedicated construction payroll services. We handle everything from payroll processing to tax filings, so you can focus on growing your business.

  • Tax Preparation & Planning

    Navigate the complexities of construction tax laws with our expert tax preparation and planning services. We help you stay compliant and maximize your tax savings, reducing your overall tax burden.

  • Financial Reporting & Analysis

    Get clear, actionable insights with our financial reporting and analysis services. We provide detailed reports to help you understand your financial position and make strategic decisions to drive growth.

Challenge

A mid-sized construction company was facing cash flow issues due to the complexity of managing holdbacks. They struggled with tracking retainage amounts and release schedules, leading to delayed payments and financial strain.

Solution

Our team stepped in to provide comprehensive holdback management services. We implemented a detailed tracking system for retainage amounts and developed a clear schedule for releasing funds. By ensuring compliance with legal requirements and maintaining open communication with all stakeholders, we minimized payment delays.

Outcome

The construction company saw a significant improvement in cash flow management. With our holdback management system in place, they were able to reduce payment delays by 40% and improve overall project profitability. The streamlined process also freed up the company’s internal resources, allowing them to focus on growing their business.

USER REVIEWS

Partnering with AccountingGTA has transformed our approach to construction accounting. Their expertise in progress billing and holdback management has improved our cash flow and financial stability.

Kirill P., Manager, LevelX10

The personalized service we receive from AccountingGTA has been invaluable. Their knowledge of construction accounting has helped us stay compliant and maximize our profits.

Val Z., General Contractor, Classiqum Ltd

Ready to Streamline Your Construction Finances?

Contact us today for a free consultation and discover how our specialized accounting services, including progress billing and holdback management, can benefit your construction business.