Understand your business from a financial perspective

Improve your financial clarity with a tailored accounting system
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Aligning your operations with your accounting system

This is such a basic idea, and it is so essential, but yet it is traditionally very rarely done.

Having your system actually match your business is the only way your accounts should be done. It makes no sense to us that no time is spent designing a set of accounts to suit the company.

We are absolutely the experts in setting up accounts or financial statements to suite construction businesses. We work with a variety of different trades and have the experience and knowledge to get your business on the right track.

You have your tools, and we have ours

Once we have your set of accounts designed, implemented and up to date we can start to get your business back on track to maximise your personal returns.

You went into business to do one thing, maximise profit. We align your businesses structure to this goal by dialing in on a small number of key metrics.

We then structure your finances in a way that pressures or forces a predetermined return on investment for the business owner. We don't want to just improve the businesses balance sheet but also the owners.

Viable Accounting

How is a Construction Accountant Different
From a Regular Accountant?

A regular accountant is employed by companies who’re in the business of selling services or products from a fixed location. This type of accountant is concerned with basic financial reports used for preparing annual tax returns. Regular accounting includes standardised balance sheets, profit and loss, and accounts receivable and payable reports.

A construction accountant is used by businesses that work from non-fixed locations. These companies pack up their entire place of business, equipment, tools and materials and take it to the customer’s site. Essentially, these businesses sell, deliver or install customised products from a mobile shop at the customer’s location. Regular accounting and accounting for construction has the following key differences:

  • Sales

    Regular: One to four categories.
    Construction: One to 10 categories of products and/or services.

  • Cost of goods sold

    Regular: Products are sold in one to four categories.
    Construction: Indirect and direct job costs with hundreds of categories.

  • Expenses or Overheads

    Regular: Maintains business operations.
    Construction: Uses extremely complex accounting methods, as some expenses used in regular bookkeeping have an indirect or direct effect on how the business maintains its operations.

  • Break-Even Calculations

    Regular: Fairly simple to calculate since there’s a direct relation between expenses and income on every product or service. Running and calculating reports are comparatively more straightforward, and adjustments can be made quickly.
    Construction: Deals with many projects at once, which are all unique. This makes break-even calculations more difficult. 

See what others have to say

We work especially hard to deliver the best and most suited tax and accounting strategies to our clients.

"These guys understood my business and new the best strategies for tax"

Construction Accounting

"Having a specialised Construction Accountant saved me so much time"

Construction Accounting

"By focusing on what we get out of the business we began to build our personal wealth and become financial stable for the first time"

Construction Accounting

"Adding Business Advisory helped us maximise our profit by determining our optimum operating capacity"

Construction Accounting
Construction Accounting
Construction Accounting

Frequently asked questions

How do I get started?

Construction Accounting

Most people will give us a call and have a quick chat prior to arranging our initial accounting consultation. However please feel free to email us or complete our online forms.
Once we hear from you, we will schedule an initial consultation, this is a no obligation, free of charge meeting. We find these meetings vary from simply getting to know each other, to an analysis of a companies financial statements. This is completely over to you.
After this meeting we will provide you with a formal accounting proposal outlining the services you have requested and our fees.
Upon acceptance of this proposal we begin the onboarding processes.

Do you work with Xero?

Construction Accounting

Yes we have worked with Xero for over 12 years and are a Xero Partner but more importantly all of our accountants are fully certified Xero advisors. We believe Xero has made a huge positive impact on accounting in New Zealand. It is very user friendly, and when set up correctly, and kept up to date it will drastically reduce your end of year accounting costs.

Do you work with MYOB?

Construction Accounting

Yes we really like MYOB for construction accounting. Although the trend does favor Xero, MYOB has some really good features, for builders in particular. It is reasonably priced and just as good to work with, about 30% of our clients currently use MYOB.

Why should I use Construction Accounting?

Construction Accounting

You should choose an accountant that you get on with first and foremost. Secondly you would look at their experience, and lastly pricing.

1. Unfortunately or fortunately, we are who we are, so you will have to make your mind up on this one. However we are honest, hardworking accountants, heavily tilted towards business operations and advisory in the construction industry.

2. We know business. And not just through our clients, but through owning and operating businesses. We know the demands placed upon business owners who work tirelessly. It is very competitive, you are most likely a price taker, finding the right staff is always a challenge and providing the products and services you offer your clients can be tough. We want to help make your life easier by providing the services you actually need that will be of most support.

3. We believe our prices are fair for the accounting services we deliver. We will always try and over deliver to ensure our customers are getting value for money.

What about my current accountant?

Construction Accounting

Out of courtesy, you may notify your accountant about the change personally. However we will handle this on your behalf, and provide all the necessary formalities to assist in the transfer of the information held. Your old accountant is obligated to provide us with all the necessary documents and records of your financial information. We also notify the IRD and Companies office of the changes. We do not charge for this service and it is really very rare to receive any fee from the old accountant.
It is a very easy process and one that we are particularly skilled in. We absorb your information quickly to provide a seamless transition so your business can pick up immediately from where it left off.

Schedule your free meeting now with your construction accounting expert
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