Bookkeeping and Accounting for Carpenters

Seeking a bookkeeper and accountant for your carpentry business? We handle your books, freeing up more time for you to concentrate on your craftsmanship. Try us for free.

Oops! Something went wrong while submitting the form.

No credit card required. By clicking ‘Start a Free Trial’, I agree to Bench’s Terms & Privacy Policy.

How Bench works with carpenters

Saw through your financial management stress! Get your bookkeeping, income tax prep, and filing handled by experts—backed by our robust platform. Bench is specifically tailored to work with carpenters.

We get you set up

Our team takes the time to fully grasp your carpentry business, address your queries, assist you with linking your accounts, and guide you on how Bench can work effectively for you.

We do your bookkeeping

Every month, your dedicated bookkeeper categorizes your carpentry business transactions and compiles financial reports. If any additional information is needed from your side, they’ll reach out.

We deliver tax-ready financials

Our expert team knows the ins and outs of carpentry industry tax regulations and will tailor their methods to meet the specific needs of your carpentry business.

Here’s why carpenters like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We'll proactively keep you up to speed with your bookkeeping details. Got urgent queries that require immediate answers? As a carpenter using Bench, expect our prompt reply within one business day or even less.

women with headset and laptop sitting on the couch
screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform enables you to streamline your data inputs from most primary providers in an effort to minimize common errors. We work closely with vendors such as Gusto, Stripe, Shopify, and Square—ensuring your financial records are always spot on. Ideal for carpenters whose focus should always be their craft, not the books.

See where you’re spending. Make smart decisions

Say farewell to mounds of receipts and laborious manual record-keeping—we automate entries directly from your integrated accounts. Garner insights from one unified dashboard, simplifying your comprehension of your carpentry business’ financial state, empowering you to make well-informed strategic decisions.

people doing their bookkeeping at a table

Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
Trust Pilot review previewCapterra review previewG2 review previewGetApp review preview

We know bookkeeping for carpenters

For carpenters and those within the carpentry industry, financial bookkeeping can require a level of precision that rivals that of their craft. Bench Accounting understands the intricacies of maintaining a carpentry business, from managing the cost of raw materials and tools to adhering to industry-specific tax deductions and laws such as those related to self-employment and home office spaces. Our intuitive software simplifies the bookkeeping process, ensuring you have an accurate and up-to-date set of financial records without needing to sift through piles of invoices and receipts.

Beyond just bookkeeping, Bench is dedicated to helping carpenter businesses thrive. Keeping a keen eye for possible tax deductions including those from wear and tear of your equipment, training courses, vehicle expenses, and other trade-specific expenses, Bench ensures that you're paying the minimum amount legally owed. Moreover, our team is always up-to-date with the ever-changing regulations and laws concerning the carpentry industry. With Bench, you have a trusted ally in navigating the financial aspects of your business, giving you the time you need to focus on honing your craft and growing your business.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
As a carpenter, what specific expenses can I track and deduct for my tax returns?

As a carpenter, there are numerous specific expenses that you can track and deduct for your tax returns. These include:

  • Materials and supplies: All the materials and supplies needed for your carpentry work, such as wood, nails, screws, adhesives, finishes, etc.
  • Tools and equipment: The cost of purchasing or renting any tools or equipment for your work such as saws, hammers, sanders, drills, etc.
  • Vehicle expenses: If you use your vehicle for work purposes (like transporting tools, equipment, or materials), you may be able to deduct the applicable portion of your vehicle expenses.
  • Home office expenses: If part of your home is used specifically for conducting business, you may be able to deduct a portion of your home expenses such as mortgage interest, property taxes, utilities, repairs, and maintenance.
  • Subcontractor expenses: If you hire subcontractors to help with certain projects, those expenses are deductible.
  • Training and education: Any cost relating to courses or seminars to improve your carpentry skills or business knowledge is deductible.
  • Insurance: The cost of insurances related to your business, like liability insurance or commercial property insurance, is deductible.

It's imperative to keep detailed records of all these expenses throughout the year for accurate bookkeeping and ease in deduction during tax season.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How does inventory management and bookkeeping work for a carpentry business?

Inventory management and bookkeeping for a carpentry business involves careful tracking of all financial transactions, including purchases of raw materials such as wood, hardware, and other supplies, as well as costs related to the creation and sale of finished carpentry products. An experienced bookkeeper can accurately record these transactions, ensuring that business owners have a clear understanding of their operational costs and profitability.

In terms of inventory management, it is crucial to keep track of materials on hand, items in production, and finished goods, as well as understanding the cost associated with each step of the production process. This information is vital in determining the cost of goods sold (COGS), and is a key element of financial reporting and tax preparation.

Effective inventory management can also help carpentry businesses avoid overstocking or understocking, which can both impact the bottom line. By partnering with a knowledgeable bookkeeping service, carpentry businesses can ensure they have a firm handle on their financials, allowing them to make informed decisions about their operations.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
What guidelines should I follow for maintaining income and expenditure records as a self-employed carpenter?

There are several guidelines you should follow as a self-employed carpenter to maintain income and expenditure records. First and foremost, it's important to keep track of all income sources, including cash payments, cheque, credit card transactions, and digital payments. Also, retain all receipts, invoices, and bills related to business expenses. This includes materials, tools, transportation costs, advertising, and any other business-related costs.

Moreover, it's best practice to use a separate business bank account and credit card for all carpentry-related transactions. This can streamline your bookkeeping and make it easier to distinguish between personal and business expenses. It's also advisable to consider using a reliable bookkeeping software. Such tools can automatically track income and expenses, generate reports, and simplify tax filing.

Lastly but importantly, remember to categorize your expenses correctly since this can affect your taxes. If you're unsure, consulting with a bookkeeper or accountant can provide further guidance. Keeping regular records and staying organized is valuable not just for tax purposes but also to monitor the financial health of your business.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Carpenters

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

No credit card required. By clicking ‘Start a Free Trial’, I agree to Bench’s Terms & Privacy Policy.