Industry Expertise

Construction Bookkeeping

Time spent crunching the numbers is time away from growing your business. Get back to the tools — and the tenders — with bookkeeping built for construction.

Hospitality is in our With over 20 years of experience in the construction industry, we understand the complexities builders face every day.

Construction money doesn’t behave like other money. It arrives in progress claims, leaks out through retentions, and hides its true position inside half-finished jobs. Whether you’re a builder, principal contractor, subcontractor or specialty trade, we keep your project finances as solid as your work.

Construction Bookkeeping

We expertly take care of:

Progress claims and payment schedules

Claims invoiced on time and tracked against the contract, so you always know what’s been claimed, paid and outstanding on every job.

Retention money tracking

Retentions recorded and monitored until they’re released. Retention isn’t lost revenue, but it becomes lost revenue when nobody’s tracking it.

Subcontractor payments

Subbie bills managed with ABNs and records kept straight, including the PAYG side.

TPAR

If you pay contractors in building and construction, the ATO expects a Taxable Payments Annual Report by 28 August each year. We keep the contractor data clean all year and prepare the report from your accounting software, so the deadline is a non-event.

Job costing and cost coding

Every cost coded to its project in Xero, so you can see per-job profitability instead of one big blurry number.

Payroll for crews

Employees and casual crews paid correctly, with employee payroll kept clearly separate from contractor payments.

Accounts payable and receivable, BAS, forecasting and reporting

The full engine room, handled.

Construction Bookkeeping

Know what every job actually makes

Break the costs down per job and you can see, project by project, what’s actually making you money. That makes your next quote sharper — and harder to underprice by accident. We set up job costing in Xero using tracking categories and clean cost codes, then keep every invoice, bill and timesheet flowing to the right project.

Want to set it up yourself first? Our step-by-step guide to Xero job costing for construction walks you through it.

Records that protect you

In construction, good records aren’t just about the ATO. When a payment dispute lands under Security of Payment legislation, the builder with clean, dated records of claims, schedules and payments is the one in the strong position. Our bookkeeping keeps that paper trail tight as a matter of course.

Construction Bookkeeping

Backed by a construction specialist

David Lopez, our Business Performance Specialist, is a CPA with over 20 years of experience in construction and manufacturing — helping family-operated SMEs build financial controls, improve profitability and put real numbers behind every decision.

Why Australian Businesses Trust Balance My Books

Trust matters when it comes to your finances. Our team brings years of hands-on bookkeeping and payroll experience, working with businesses in Parramatta.

Combined Experience
0 +
Transactions Processed
0 K+
Client Satisfaction
0 %
Transactions Reconciled
$ 0 M+
transparent-bookkeeping

Our Simple & Transparent Bookkeeping Process

  1. Free Consultation
    We assess your current bookkeeping setup and identify gaps.
  2. Custom Plan
    We create a tailored bookkeeping service plan aligned with your business needs.
  3. Setup & Clean-Up
    We organise, reconcile and optimise your accounts.
  4. Ongoing Support
    Monthly bookkeeping, reporting and compliance handled proactively.

Why our clients

us!

Sound good?

Check out our package calculator and get started today.