We at Rapid Business Services have specialization in accounting for the construction industry, house flipping business and turnkey project accounting. We understand the different requirements that a construction business needs.
Bookkeeping For Construction
Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Business owners
Tax Return Services Starting for CPA Firms & Enrolled Agents
Quality Driven Approach
QuickBooks And Xero Certified Experts
50% Reduction In Costs
250k+
Hours of Experience
20+
Accounting Software Used
7+
Years of Success
1100+
Completed Projects
Bookkeeping software expertise
FreshBooks
Saga
Simply Accounting
NetSuite
SAASU
Intuit QuickBooks
Wave
ZOHO Book
Odoo
Xero Gold Partner
Explore Our End-To-End BookKeeping Services
Tax return preparation software expertise for CPA firms & Enrolled agents
Thomson Reuters
Wolters Kluwer
ProSystem fx Tax
Intuit Lacerte
Intuit ProSeries
Drake Software
Tax Act
Tax Slayer
Ultratax Software
ATX Networks
Part time / Full time Accountants – 10/20/40 Hours per week
Federal & State Tax return Filing
A licensed CPA to review and file your tax returns with IRS.
Monthly Financial Statement
Your monthly financial statements help you gauge on your cash flow and plan for the consecutive month better.
Accounts Receivable Management
We manage the amount that you are yet to receive from your vendors/you haven’t yet received
Accounts Payable Management
We also remind of the amount left to pay to your purchasers, invoices, contracts and receiving reports.
Reconciliations
Bank , Credit Card , Payment Gateway & Control Account Reconciliations
Cash Flow, Budgeting and Forecasting
Budgeting is a very important aspect of the accounting process of the business.
Significant Reduction In Current Cost
You will see a Significant Cost reduction
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
Per Hour Bookkeeping service
Per hour Tax Return Service For CPA ‘s & EA
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Detailed Emails
We send emails that carry all the necessary information you need to carry out business operations.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work.
Xero Accounting For Construction Industry Differs From That In Other Industries.
Xero Accounting for Construction – A normal industry follows stereotype accounting methods and they work for them. But, for constructing industry, the scenario is vividly different.
In the construction business, people work at new locations and work is different from regular terms. There are different factors that affect costing in construction business like travel time, packing of tools and equipment, delivery of materials at the job sites, which are all variable.
In a construction business, the method of accounting counts revenue on the base of the profit estimation and what percentage of the project is completed. This method is Percentage of completion method. So overall accounting for a construction business is quite complex and unique. This is so because it has to accurately track all the expenses, costs and income for all the job sites.
How does construction accounting differ from general accounting?
Categorization of sales: Unlike the regular business, construction business stands for a wide range of selling products like engineering, coasting, labour, designs, a service provided, etc.
Expense calculation: In a typical business, the expenses are mostly pre-decided or can be predicted, but in the construction business, this is never the case. the categorization of the goods sold is differently accounted for in the construction business.
Knowing the break-even point: Breakeven point can be achieved by the balancing relation of income and expenses, but in the construction business, it’s very complex as there are already too many categories of the items that make it hard to comprehend.
How Can Rapid Business Services Help You In That?
Xero Addon For Construction Industry: Workflow Max Benefits
- We can have separate projects in Workflow max.
- We can have various tasks in that.
- In each task, we can assign the Cost and Profit.
- We can assign tasks to each of the team members.
- It automatically creates invoice in a single click.
- We can convert the cost of WIP into the Sales Invoice automatically.
- We can have the Budgeted Cashflow automatically from Xero.
- It can automatically convert purchase orders to a bill in Xero instead of Duplicate Data entry.
- We can assign margins in the% form to the cost.
- We will be able to have Tracking of Profits for individual projects in Workflow Max.
- You will have all the project’s performance on your Dashboard of Workflow max.
At Rapid Business Services, we track, manage, report and categorize our client’s costs and expenses occur. This ultimately helps our clients to know which project to opt for, which bid can be turnout profitable. They also get to know how to manage the billing procedures and how to use resources to get the maximum return on investments.
We track our client’s expenses and cost per property by using class tracking or tracking category in the software like Xero, QuickBooks, etc. We also build a dashboard of different categories so that our clients can also track various expenses and costs from different constructing sites. That saves the valuable time of our clients and is very easy for them. We do the book work so that our clients can focus on their constructing fieldwork with no worries.
