Bookkeeping and Accounting for Floor Installers

Searching for a bookkeeper and accountant for your floor installation business? We handle your books, granting you more time to concentrate on laying perfect floors. Try us for free.

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How Bench works with floor installers

Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform. Bench works seamlessly with floor installers.

We get you set up

Our dedicated team takes a moment to fully comprehend your floor installation business, respond to all your queries, assist you in linking your accounts, and demonstrate how Bench can streamline your operations.

We do your bookkeeping

Each month, your dedicated bookkeeper sorts through your floor installation business transactions, preparing precise financial statements. Should they require any additional information from you, they'll reach out promptly.

We deliver tax-ready financials

Our team of experts know the ins and outs of tax regulations related to the floor installation industry and will tailor their approach to your company’s unique requirements.

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

Get fast, unlimited support from our expert advisors

We’ll always be at hand with regular bookkeeping updates tailored for your floor installing business. Got urgent inquiries that can't be postponed? We promise to respond within one business day or even less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform enables you to effortlessly input data from most substantial suppliers, eliminating common errors. We collaborate with vendors such as Gusto, Stripe, Shopify, and Square—ensuring your accounts are always accurate, no matter whether you're installing hardwood, tile or carpet flooring.

See where you’re spending. Make smart decisions

Say goodbye to stacks of receipts and tiresome manual record-keeping—we automate entries straight from your linked accounts. Gain insights from a unified dashboard, empowering you as a floor installer to easily gauge the financial health of your business and make informed strategic decisions.

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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 floor installers

Bench Accounting understands the complexities tied to the bookkeeping needs of the floor installation industry. As a unique profession, floor installers need to maneuver through industry-specific tax deductions like tools and equipment, vehicle expenses, and home-office expenses, and liability insurance costs, all while staying compliant with local and federal laws. We also understand the common bookkeeping issues in this sector such as misclassification of direct and indirect costs, incorrect recording of material costs, and the complexities of labor cost accounting.

Bench is uniquely positioned to streamline bookkeeping for floor installers. Coordination between our intuitive software and a dedicated team of professional bookkeepers ensures a stress-free bookkeeping experience for your business. We handle everything from monthly bookkeeping, expense tracking to tax filing in an efficient and transparent manner. Not only that, but we also help floor installation businesses navigate specific tax deductions that they're eligible for. Our expertise in profession and industry-specific laws and taxes ensures accurate, compliant, and timely bookkeeping, freeing up your time to focus on what matters most - installing quality floors.

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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As a floor installer, what specific expenses can I deduct in my accounting?

As a floor installer, there are several specific expenses you can deduct in your accounting. These expenses are considered business operating costs and can include:

  • Materials and Supplies: The costs of materials such as tile, wood, laminate, or carpet that you install, as well as any necessary supplies (adhesives, nails, grout, etc).
  • Equipment Costs: The costs related to the purchase, lease, or rental of equipment you use for your business - for instance, saws, knee pads, carpet stretchers, etc.
  • Vehicle Expenses: If you use your vehicle for work-related tasks, such as driving to and from sites or purchasing supplies, you may be able to deduct some of these costs.
  • Advertising: Any costs associated with advertising your services, including business cards, signs, website costs, or advertising in local media.
  • Contract Labor: If you hire subcontractors or independent contractors, their pay may be deductible.
  • Insurance, License, and Tax Costs: The costs of any required licenses for your trade, insurance premiums, and business-related tax payments.

Keep in mind that not all expenses can be deducted and some may need to be depreciated over time. It's always recommended to consult with a professional bookkeeper or accountant to ensure you're tracking and deducting your expenses appropriately.

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What kind of bookkeeping system is recommended for businesses in the floor installation industry?

The type of bookkeeping system recommended for businesses in the floor installation industry is a double-entry system. This system records all transactions in at least two accounts, crediting one and debiting another. It accurately tracks income and expenses, and creates a clear trail of all transactions. This system, complemented with cloud-based bookkeeping software like Bench, can help manage the financials more effectively. These programs can also assist with invoicing, payroll, and tax preparation, crucial features for the floor installation industry.

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How can a professional bookkeeper help manage the financial aspects of my floor installation business?

A professional bookkeeper's role is invaluable in managing the financial aspects of your floor installation business. They meticulously track your income and expenses, compile data into understandable reports, and offer financial advice to help you improve your business. With their help, you can:

  • Track material and labor cost precisely to ensure the pricing of your services is profitable.
  • Remain compliant with tax laws by handling your flooring business's tax preparation and filing, reducing your chances of encountering legal problems.
  • Manage your cash flow efficiently to ensure your business remains financially stable, even when dealing with cost fluctuations in labor or resources.
  • Improve budgeting and financial forecasting to make informed decisions for business growth and expansion.

Having a professional bookkeeper allows you to focus more on improving your services while they handle your financial management tasks.

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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 Floor installers

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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