Bookkeeping and Accounting for Construction Laborers

Searching for a reliable bookkeeper and accountant for your construction labor business? We manage your accounts, letting you dedicate more time to your projects. Try us for free.

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How Bench works with construction laborers

Get your bookkeeping, income tax prep, and filing tasks managed by experts—supported by one robust platform. Bench works seamlessly with construction laborers.

We get you set up

Our team devotes time to thoroughly comprehend the needs of your construction labor business, address your queries, assist you in setting up your accounts, and demonstrate how Bench can seamlessly work with your operations.

We do your bookkeeping

Every month, your personal bookkeeper categorizes your construction-related transactions and creates comprehensive financial reports. If they require any additional information from you, they'll reach out promptly.

We deliver tax-ready financials

Our team of specialists is well-versed in construction industry tax regulations and will tailor their approach to your labor business' specific requirements.

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

Get fast, unlimited support from our expert advisors

We'll consistently communicate with you regarding your bookkeeping updates as they pertain to your construction labor business. Have urgent inquiries that just can't hold? We pledge to respond to you within one business day or less.

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Guaranteed accuracy in every detail

Our platform provides accurate automations for data input from all principal providers, preventing common mistakes in bookkeeping. We collaborate closely with vendors such as Gusto, Stripe, Shopify, and Square—ensuring your construction labor business finances are always precise and up to date.

See where you’re spending. Make smart decisions

Wave farewell to mountains of invoices and tedious manual tracking—our automation pulls in data directly from your synchronized accounts. With Bench Accounting, construction laborers get insights from a unified dashboard, simplifying your financial overview and enabling you to make smart, strategic decisions about your business's health.

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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
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We know bookkeeping for construction laborers

At Bench, we understand the intricacies of the construction industry. The financial complexities of managing projects, keeping track of labor costs, negotiating contracts, as well as maneuvering through construction-specific tax laws, can all pose significant challenges. Our bookkeeping services are designed to alleviate these issues, providing comprehensive financial management that aligns with the unique needs of construction laborers. From job costing to muddling through the complexity of sales tax on goods and materials—you’re backed by a team that gets it.

Our approach combines the power of intuitive software and the expertise of certified human bookkeepers to provide full tax support and financial oversight that matches the pace of your bustling operations. We're familiar with common bookkeeping issues in construction, such as simultaneous multiple project management, frequent legislation changes, and cyclical revenue streams. With us handling your books and taxes, you have more freedom to focus on what you do best—building and construction. Trust Bench to handle your construction-specific accounting needs and navigate the maze of industry-specific taxes and laws. We ensure your financials are up to date and within compliance, so you can build with confidence.

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

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What specific accounting practices should I be following as a construction laborer?

As a construction laborer, you should be following several specific accounting practices to keep your finances in order. These include:

  • Job Costing: It’s essential to track the costs related to each job or project to ensure that it's profitable. This includes labor, materials, and overhead costs.
  • Progress Billing: Construction projects usually last for an extended period. Therefore, rather than invoice at the end of the job, it's common to use progress billing, where you invoice in chunks as the work progresses.
  • Change Order Management: Any changes or additions to the initial job plan could affect your costs and profit margin. Appropriately accounting for these change orders is crucial to maintain accurate records.
  • Retention Tracking: It's common in the construction industry to hold back a portion of the payment until the job is completed. So, appropriate tracking of retainage will guarantee you claim all your dues once the job is finished.

Remember, as a construction laborer, partnering with a competent bookkeeper or accounting service will ensure you are always on top of your finances, allowing you to focus on what you do best – construction work.

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How does job costing work in the construction industry, and how does it impact my bookkeeping?

Job costing in the construction industry is a specific accounting methodology used to track costs and income related to specific jobs. Each construction project or "job" is treated as a separate entity for accounting purposes with its own set of distinct costs. These can include materials, equipment usage, labor and subcontractor's costs, and indirect costs like insurance, taxes, and permits.

How job costing impacts bookkeeping is quite significant. As a bookkeeper, you must keep track of every expense and income related to a job and match it against the budget for that job. To manage funds and maintain profitability, bookkeepers need to constantly update and analyze job cost reports. It also involves a good deal of forecasting to project future costs and revenues. Job costing directly affects how day-to-day financial transactions are recorded, how project budgets are crafted and managed, and how financial health and project success are measured.

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What kind of tax deductions can I claim as a construction laborer?

As a construction worker, there are many tax deductions you can claim. These can include:

  • Travel and accommodation: If your job requires you to move around or stay overnight in a different location, these costs could be deducted.
  • Equipment and tools: Many construction laborers have to buy their own tools and personal protective equipment, these costs can also be written off.
  • Uniform and laundry: If you have a uniform that you have to keep clean and presentable, these costs are also tax-deductible.
  • Training and certification: Any costs related to maintaining or upgrading your skills are also tax-deductible.
  • Union dues and fees: If you're part of a union, your member fees can also be claimed.

Remember to always keep detailed receipts and records of your expenses. As always, it's advised to seek personal advice from a tax professional or bookkeeper to ensure you're claiming all eligible deductions.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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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.

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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 Construction laborers

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.

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