Bookkeeping Services for Construction Companies & General Contractors
Streamline your finances with Giersch Group’s comprehensive bookkeeping and accounting services for construction companies in Milwaukee, Madison, Brookfield and the surrounding areas. Our CPAs provide full-service bookkeeping from start to finish or can set up and train your team in QuickBooks™ for DIY management. When you partner with us, you’ll gain control over your books and access to our business consulting services, tailored to help contractors maximize profitability and reach their financial objectives.
Milwaukee's Best Value in Construction Accounting
Our industry-specialized bookkeeping & accounting services help contractors manage expenses, get paid faster & make informed decisions.
The construction industry’s complex accounting rules and tax regulations demand specialized bookkeeping expertise. Construction companies and home remodelers need bookkeepers with industry-specific experience.
Most bookkeepers lack familiarity with the intricate journal entries and payment tracking required for the construction industry - but not Giersch Group. With years of experience serving numerous NARI and ASID members throughout Milwaukee, we have the deep industry knowledge to hit the ground running and provide impeccable bookkeeping with insightful financial reporting tailored for construction professionals.
Construction bookkeeping isn’t like other businesses. Making decisions based on inaccurate financials can prove enormously costly - far exceeding professional bookkeeping fees. We routinely work with small business owners who find our services affordable and invaluable. While we serve many Southeast Wisconsin clients, our virtual bookkeeping solutions are available nationwide.
Specialized Bookkeeping for Construction Professionals
Our bookkeeping services are tailored to the unique financial and operational demands of construction companies and contractors. More than just outsourced accounting, Giersch Group becomes a valuable asset in elevating your business.
Construction businesses benefit from standard bookkeeping services like:
- Comprehensive financial reporting (balance sheets, income statements, cash flow analysis, etc.)
- Accounting software setup, training & support
- Sales/use tax and employer withholding filing
- Payroll processing and basic HR functions
The construction arena adds layers of complexity we skilfully navigate, including:
- Managing complex job costing and project allocations
- Tracking equipment costs, depreciation and maintenance
- Monitoring compliance with construction-specific regulations
- Providing insightful metrics for bidding, forecasting and maximizing profitability
Our specialized construction accounting expertise ensures your books are airtight and your finances optimized.
QuickBooks™: The #1 Construction Accounting Software
Purpose-built construction accounting software is critical for managing complex project costs and tracking job expenses and labor allocations. Giersch Group recommends QuickBooks™ as the premier accounting solution for construction firms.
QuickBooks™ streamlines all your accounting tasks with seamless data syncing across devices, minimizing paperwork and providing anytime, anywhere accessibility. Key construction-specific features include:
- Contractor management tools for sending W-9s and collecting tax info
- Customizable tax categories to organize income/expenses
- Simplified tax return preparation with exportable reports
As a Certified QuickBooks™ Online ProAdvisor, our team can train your staff to maximize the software’s capabilities and offer QuickBooks™ at half the retail cost.
Why Construction Needs Industry-Specific Bookkeeping
Accurate, insightful financial reporting helps business owners pursue the most profitable jobs.
Standard bookkeeping pales in comparison to construction accounting’s complexities. Most businesses operate in a fixed environment and calculate financials like breakeven points - sales minus costs of goods and expenses.
Construction’s mobile, multi-site nature makes diligent cost tracking even more necessary. For any job, expenses can span packing/unpacking, travel, warehousing, subcontractor labor and more. Even sales themselves have multiple revenue categories.
Calculating breakeven points is far more nuanced when work is highly customized. Rather than generic P&L statements, contractors need granular job costing and project-specific profitability reports. Failing to segregate expenses and profits by job makes it impossible to strategically target the right work.
A construction company needs construction-specific accounting services. Generic bookkeeping cannot adequately capture the field’s unique financial dynamics and reporting needs.
Elevate Your Financials with Our Personalized Approach
With Giersch Group, every client partners with an assigned controller as part of our specialized construction bookkeeping model. Your controller ensures monthly reporting spotlights the areas most critical to your business, then collaborates with our CFOs to resolve complex issues and provide strategic guidance based on your financials.
Our tailored reporting approach, combined with our team’s construction expertise, unlocks powerful insights from your data. You’ll gain visibility into your most profitable job types, allowing you to strategically pursue the right projects. Accurate, meaningful financial reporting lays the foundation for smart business decisions. You’ll gain an extended financial advisory team leveraging bookkeeping and accounting as a competitive advantage for your construction firm.
How Much Does Professional Bookkeeping Cost?
“The Giersch Group helped me turn my business around at a crucial time and even stepped in to do our accounting when my bookkeeper resigned suddenly. Ultimately, Peter helped me sell the business. He was very helpful.”
--Jim Wirtz, Jim Wirtz's Woodworks
We charge an hourly rate to initially assess and correct any issues in your books. Once we understand your business and your goals, we establish an affordable monthly fee for comprehensive bookkeeping support.
Hiring an inexperienced part-time or in-house bookkeeper may seem cost-effective at first, but it undermines your long-term success. Generalists lack the specialized construction accounting expertise to generate accurate, insightful financial reports.
Without meticulous job costing and profitability tracking, you lose visibility into which projects truly drive growth, impairing your ability to make strategic decisions and scale your operations.
Learn more about the average cost of bookkeeping or schedule your free consultation today.
Specialized Small Business Bookkeeping for Small Construction Companies
Many members of the Giersch Group team come from entrepreneurial families and deeply understand the journey of being a small business owner. We recognize how tirelessly you work, often with little payoff, and why accurate bookkeeping may not be top-of-mind. Let our experienced team take the burden off your shoulders and teach you to leverage financial insights into better business decisions.
In addition to essential accounting services, we provide specialized offerings tailored for general contractors and construction companies:
- Business operational reviews & assessments
- Job estimating & costing
- Payroll services for construction companies
- Succession planning
- Basic & complex journal entries
- Payment applications/draw requests
- Construction project KPIs & scorecardsd
- Tax reporting
- Cash flow analysis & management
- Check writing & collections calls
- Outsourced CFO & controller services
- Change order accounting
- Retainage & deposit tracking
- Job profitability reports
- QuickBooks™ cleanup and/or setup
- Fixed asset accounting & depreciation
- Budgeting & financial modeling
- Consulting & strategy
- Estimates vs actuals reporting
- Financial ratios & analysis
- Market segmentation & analysis
From profitability analysis and tax planning to robust financial reporting and tighter internal controls, Giersch Group has you covered. Our affordable services are designed to maximize your construction firm’s success.
Book a free consultation to have your questions answered and learn how our small business bookkeeping solutions can benefit your company within your budget.
Bookkeeping for Subcontractors throughout the Milwaukee area
The Giersch Group provides professional, flexible bookkeeping services for a wide range of construction and specialty trade professionals including:
- Home builders
- Plumbers
- Electricians
- Painters
- Roofers
- HVAC companies
- Cabinet makers
- Window and blind installers
- Siding & insulation installers
- Handyman services
- Mechanics
- Flooring and carpeting companies
- Fire, smoke and water restoration services
- Audio Visual companies
- Road, bridge & highway construction
We also work with self-employed professionals and businesses in related fields including: furniture stores, interior designers, architects, franchisees and engineering firms. The Giersch Group is a member of the National Association of the Remodeling Industry and has pledged to observe the NARI code of ethics. In 2016 the Giersch Group was recognized for excellence in training and education in the construction industry with the prestigious Gordy Ziglinski "Spirit of Education" Award from the Wisconsin Remodelers Association. We're proud to contribute valuable services to construction industry professionals in the greater Milwaukee area.
Contractor Client Testimonials for Giersch Group Bookkeeping & Consulting Services
Certified Milwaukee NARI Remodeler
"I can't say enough about the Giersch Group- we have worked with Peter over the years and really value the honest approach he takes in helping us fine tune our business. The attention to detail and creative suggestions his firm offers has taken our business to the next level."
Wauwatosa Home Remodeler
"We have worked with Peter Giersch for more than two years. Our business, Story Hill Renovations, has become more focused, profitable, and organized as a result of Peter's consulting work. Peter and his group do an outstanding job of providing intuitive financial insight. It is also beneficial to have someone from outside our firm provide feedback on new company initiatives. The Giersch Group provides us with a diverse business consulting skill set. We have recently grown our relationship with his firm to include our bookkeeping. Keep up the great work!"
Architectural Group in Oak Park, IL
"I run an architecture + design firm. For the past 4 past years, The Giersch Group has given me clarity in my financials and solid business counsel. I have found everyone in their group to be knowledgeable and trustworthy. Knowing I have The Giersch Group helping me organize and understand my financials allows me to focus on what I love to do- design beautiful buildings. It is with joy that I recommend Peter and his group to yours."
Read more testimonials and case studies from Wisconsin businesses we've helped or contact us for a free consultation today.
Service Area for Outsourced & Onsite Contractor Bookkeeping Services
From our offices in Milwaukee, Madison and Brookfield we primarily serve businesses & construction industry professionals located in and around Milwaukee, Dane, Ozaukee, Washington and Waukesha counties.
Milwaukee County bookkeepers serving: Downtown Milwaukee, Shorewood, Whitefish Bay, Glendale, Fox Point, River Hills, Brown Deer, Granville, Butler, Wauwatosa, West Allis, Greenfield, Hales Corners, Greendale, Franklin, Oak Creek, South Milwaukee, Cudahy, St. Francis & everywhere in between.
Dane County bookkeepers serving: Madison, Middleton, Waunakee, Windsor, Sun Prairie, Cottage Grove, McFarland, Fitchburg, Verona, Riley, Pine Bluff, Cross Plains, Springfield Corners, Black Earth, Mazomanie, Mt. Horeb, Belleville, Rutland, Stoughton, Kengosa, Deerfield, Monona & everywhere in between.
Ozaukee County bookkeepers serving: Mequon, Thiensville, Cedarburg, Lakefield, Grafton, Saukville, Port Washington, Knellsville, Newburg, Waubeka, Fredonia, Holy Cross, Belgium, Dacada & everywhere in between.
Waukesha County bookkeepers serving: Waukesha, Brookfield, New Berlin, Muskego, Big Bend, Vernon, Mukwonago, Jericho, Eagle, North Prairie, Saylesville, Genesee Depot, Ottawa, Wales, Dousman, Delafield, Oconomowoc, Monterey, Nashotah, Hartland, Merton, Town of Lisbon, Sussex, Lannon, Menomonee Falls, Butler, Pewaukee & everywhere in between.
Washington County bookkeepers serving: Germantown, Hubertus, Richfield, Thompson, Ackerville, Hartford, Kirchhayn, Jackson, Cedar Creek, Slinger, Cedar Lake, St. Lawrence, Allenton, Addison, St. Anthony, Kohlsville, Wayne, Kewaskum, Boltonville, Fillmore, Cheeseville, Young America, West Bend, Nabob and everywhere in between.
Free Bookkeeping Consultation for Contractors & Construction Companies
Every construction industry professional we work with benefits from our layers of expertise in bookkeeping, CFO services and management consulting. Don’t trust just any bookkeeper with your construction or home remodeling financials. We’ll use our experience to turn your unique frustrations into uniquely tailored bookkeeping services for your construction industry business. It's your money. We'll help you see a clearer picture of the financial health of your business so you can grow. Our outsourced bookkeeping services for construction companies are available anywhere in or outside of Wisconsin.
Contact the Giersch Group online and meet Milwaukee's best bookkeepers for construction companies.
Frequently Asked Questions:
Why should a construction company or general contractor outsource an accounting expert?
Construction bookkeeping is a unique form of accounting and financial management. Complex costs from labor, transportation, equipment, materials and insurance all determine profitability. Giersch Group services help construction companies track individual expenses and determine how they influence the company as a whole.
How is construction accounting different from other businesses?
Because every construction project is different, bookkeeping is not standardized in this industry. Complex financial reports warrant the services of an expert. Giersch Group generates individual job reports that highlight the most profitable projects for your business.
Does bookkeeping cost more for construction companies?
No. Due to the nature of the industry, Giersch Group takes a specialized approach to cleaning up the books. No matter the needs or the size of your company, we have a clear and affordable plan for you.