Choosing a Specialist Building & Construction Accountant

Accounting is like many other professions – you have generalists who know a bit about a lot of things – and then specialists who are real experts in their chosen 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 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 1.2 million.

Are you in a similar position? Revenue growing but profit and cash not what they should be? Book a free consultation now.

What to look for in a Specialist Building and Construction Accountant

A specialist building and construction accountant won’t just look after your tax lodgments, they’ll be able to provide expert advice on the critical commercial and financial aspects of your business including:

• Cashflow Management – tools for forecasting and stopping the cashflow rollercoaster that can happen in building and construction
• What reporting you need to show exactly how your margins are tracking on every job… rather than waiting until the end of the project to see if you’ve lost money
• Advice on the best estimating and project management software to use – and how to get the most out of your chosen platform
• An accurate view of Work In Progress (WIP) Accounting and how this will help you see your true profitability – not an average
• How to nail your pricing strategy, including target margins and calculating labour and charge-out rates.
• IMPORTANT: Accountants are technical experts – but they must know how to communicate with someone that doesn’t have this background – It’s really important that you have someone you can relate to and aren’t afraid to ask what you think are “dumb questions”.

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

In some states, you could have your Licence on the line

For builders and tradies in states like Queensland and NSW, there is a financial dimension to the licensing regime, making it even more important to have an accountant that knows the specific and ever-changing regulations. If your current accountant isn’t an expert, your livelihood could be in the balance.

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

And if you want to change, how hard is it to switch accountants?

Easier than you think. Like other professions, there are guidelines that accountants must adhere to ensure a smooth transition from one accountant to another. Best of all – we’ll do the heavy lifting for you from an admin perspective and guide you through the process.

It’s time to change to a specialist building industry accountant. Get in touch today to find out what a difference we can make in your day-to-day business and your financial future!

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.