Bookkeeping built for builders & tradies

Long projects, progress claims, retentions, variations and a mix of employees and subcontractors make construction one of the most complex industries to keep books for. A single job running over budget can wipe out a quarter's profit – and you often don't find out until it's too late.

We've set up and run the books for builders, electricians, plumbers, carpenters, concreters, landscapers and civil contractors. We speak your language, and we'll make sure your numbers keep up with your jobs.

Construction bookkeeping is different from most industries because profit is earned job by job. Every project has its own contract value, variations, progress claims, retentions, materials, labour and subcontractor costs. When these aren't tracked separately, a business can look busy and profitable while individual jobs quietly lose money.

Good construction bookkeeping starts with a job costing structure in your accounting or job management software, so every bill, timesheet and invoice is allocated to a job. From there, you can compare estimated and actual costs, see work in progress and invoice progress claims on time. On the compliance side, builders and trades need to watch GST on progress payments, the Taxable Payments Annual Report for contractor payments, PAYG withholding where a subcontractor doesn't quote an ABN, payroll for construction awards, portable long service leave levies and state payroll tax.

TK Bookkeepers brings all of this together – bookkeeping, payroll, BAS, TPAR and tax returns – under one registered tax agent, so your numbers are accurate for every job and every lodgement.