Choosing a Specialist Building & Construction Accountant

Choosing the right accountant for builders is essential – just like other professions, you’ll find generalists who know a bit about everything and specialists who are true experts in their field.

In an industry like building and construction – where there’s so much risk (and potential reward) – it’s essential that you have a specialist accountant for builders in your corner.

We had taken on a lot more work but our take home profit hadn’t changed at all… if anything, things seemed to be getting worse for us. We realised that our current accountant was a nice guy but didn’t really know what was going wrong… let alone how to fix it.

Kerry, Strathpine QLD | Residential Builder turning over 3.5 million.

Are you in a similar position? Revenue growing but profit and cash not what they should be? Book a free consultation with our specialist accountants for builders now

What to look for in an accountant for builders

A specialist accountant for builders won’t just look after your tax lodgments. They’ll provide expert advice on the critical commercial and financial aspects of your building business including:

• Cashflow Management – tools for forecasting and stopping the cashflow rollercoaster that can happen in building and construction
• Job Margin Reporting – helping you track margins on every job in real-time, rather than waiting until the end of the project to find out if you’ve lost money.
• Work In Progress (WIP) Accounting – accurate visibility of your true profitability (not just an average across projects).
• Pricing Strategy Support – from setting target margins to calculating labour and charge-out rates effectively.

When choosing a specialist accountant for builders, communication matters too. Accountants are technical experts – but they must know how to communicate clearly with someone that doesn’t have an accounting background. You need someone you feel comfortable with, so you’re never afraid to ask questions.

Find out how we helped John manage his fast-growing building business with better financial visibility. How did we help?

Licensing Issues and why businesses need a specialist accountant for builders more than ever

Because of specific state-based licensing regimes have a range of financial rules, your licence could be on the line without the right accountant for builders.
These regulations are constantly evolving. If your current accountant isn’t across these specific building industry regulations, your license could be at risk.

>> QLD builders and tradies can visit our QBCC MFR Report and Accounting page to learn more about managing your QBCC obligations. <<

Switching to a specialist accountant for builders is easier than you think

If you’re thinking about switching accountants, it’s not as difficult as you might expect. Like other professions, there are industry guidelines that ensure a smooth handover from one accountant to another.

Best of all – we’ll take care of the admin for you and support you every step of the way.

Ready to work with a specialist accountant for builders?

It’s time to work with a team that understands the building and construction industry inside out. Get in touch today to find out what a difference a specialist accountant for builders can make to your day-to-day operations and your long-term financial success.

We offer all QBCC license holders a complimentary QBCC accounting health check, to see if you’re meeting your licence obligations. So, before you lodge your financials with the QBCC, get in touch with us so we can help nip any problems in the bud.

Call our QBCC Hotline today on: 1300 233 723 or email: [email protected].

Or… visit our dedicated QBCC MFR Report and Accounting page to learn more about how to manage your QBCC license requirements.

*Names changed in testimonials for privacy reasons. We are happy to put you in touch with our clients if you’d like to get their feedback on our services.