Industries · Contractors & Trades
Built on job sites,
not spreadsheets.
Renovators, electricians, plumbers, landscapers and general contractors. Your materials, subs, vehicles and deposits all need to land in the right place. We keep the books organized so you can price jobs with real numbers.
Sound familiar?
Receipts live in the truck.
You pay subcontractors and aren’t sure what needs to be reported.
Some jobs feel profitable — you’re not sure which.
Challenges
The bookkeeping problems we see most often.
- AJob costing
- Materials, labour and subs need to be tied to jobs to see which work actually pays.
- BSubcontractor reporting
- Businesses whose primary activity is construction may need to report payments to subcontractors.
- CVehicles & equipment
- Trucks and tools are major costs and need records for capital cost allowance and business-use percentages.
- DDeposits & holdbacks
- Customer deposits and holdbacks affect when income is recognized.
Tax notes
Tax considerations
General information based on standard CRA rules — not advice for your situation. We’ll confirm what applies to you.
- T5018 reporting
- Construction businesses may be required to file T5018 information returns for payments to subcontractors.
- Vehicle logs
- The CRA expects a log to support business-use percentages for vehicles.
- Capital assets
- Equipment and vehicles are generally deducted through capital cost allowance over several years, not expensed at once.
Workflow
A typical year with us
- 01
Capture
Receipts photographed on the job, tagged to the project.
- 02
Reconcile
Monthly close with subs, materials and deposits sorted.
- 03
Remit
HST and payroll remittances on schedule.
- 04
Year-end
T5018 slips, CCA schedules and your return.
Reporting
What you’ll see each month
- Profit by job or project where tracked
- Payments to subcontractors year-to-date
- Equipment and vehicle register
- HST owing for the period
Tools we commonly work with
- QuickBooks Online
- Xero
- Job management apps
- Receipt capture apps
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Let’s talk about your business.
Tell us where things stand. We’ll review it, talk it through with you, and send a written scope before any work begins.
- 01Tell us about your situationA short form — no documents needed.
- 02We talk it throughA conversation about what you need and what you don’t.
- 03You get a written scopeClear deliverables and a quote before anything starts.