Contractors, Tradesmen & Builders
Bookkeeping for Contractors
We believe that any business owner’s goals and ambitions should never be limited by an accounting system that keeps them in the dark with no meaningful financial information.
You built your company with many long hours or hard work, using your tools and skills you learned on the jobsite. Now you’re a small business owner, which requires another completely different skillset. Do you even know how to do bookkeeping or stay up to date with the legal requirements? Are you willing to take the time out from your busy day to learn accounting? Is that the most beneficial use of your valuable time?
Many contractors get so busy with the day-to-day running of their businesses, that the bookkeeping duties that every company must do to be compliant, ends up getting neglected due to not enough time in the day.
The cost of not knowing is much higher than you think.
Accurate accounting can help answer may critical questions you need to know.
- Are your jobs really profitable? If not, then why?
- What are your real overhead costs that need to be incorporated into your quoting, and what does it mean to your overall earning potential?
If your bank was to ask you for a balance sheet today, would you even know where to start? If not, then how can you get that much needed loan to grow your business? By not having a proper accounting system in place, you effectively stifle your businesses growing potential. Or worse yet, jeopardize the sustainability of your business long term.
You worked so hard to start your business, why would you jeopardize it all by neglecting a critical component of your business?
At TEI Business Solutions Inc., we have the experience serving the accounting needs of contractors, tradesmen, and builders. We will work behind the scenes to provide you and your team a clear view of your finances so you always know exactly where your jobs and business stand financially. Our online solutions will keep your job costing accurate and make managing your daily expenses easier and more efficient with easy to use online software. Access your financial information 24/7/365 from anywhere you can get an internet connection. You will never have to worry again about not being compliant with the CRA.
When you have accurate financial information available that you really understand, you have the knowledge, tools, and confidence you need to unlock the true potential of your business.
With us on your team doing the heavy lifting on the financial side of your business, you will be free to focus on running your business to ensure jobs are completed on time, and on budget.
Contact TEI Business Solutions Inc. to learn more about how we can create a customized accounting package for you business. Request you FREE consultation today!
We work with contractors in Alberta and across Canada.