Construction and trades business owners are constantly juggling operational and accounting tasks throughout a variety of project stages. This can be challenging especially when there are many numbers to manage, yet not enough time. Whether you’re a plumber, carpenter, builder, or plasterer, accounting still needs to be completed at the end of the day. Are you ready to adopt a smarter, faster, and more efficient way to do your accounting? Below we’ve outlined a few ways that construction & trades business owners can swap late nights doing bookkeeping on the kitchen counter with a few clicks and the right accounting software. Eliminate the Manual Aspects of Tracking (Like Deductions) Construction and trades business owners want a simple way to do their accounting—especially when it comes to bookkeeping. Manually tracking expenses and managing Construction Industry Scheme (CIS) tax deductions are probably the last things they want to do after a long day on site. Some deductions that construction and trades workers should look into are specifically mileage, tools, and material used on the job. Let TrulySmall Accounting help: Calculating CIS deductions is extremely time-consuming and it’s far too easy to make costly mistakes, especially if you have no previous financial background or had a long and tiring day. Let TS Accounting run the data for you by pulling a whole year’s worth of transactions from your business bank account. From there, our software automatically categorizes all of your business transactions to help you sort out your tax deductions. The more the expense is made, the smarter TS Accounting gets in matching these transactions for you. Straightforward Dashboard To Get a Glimpse Into How Your Business Is Doing Numbers can get complicated, but it doesn’t have to be. Construction & trades business owners likely want a way to understand their business. Regardless of your trade in the construction industry, a straightforward dashboard can go a long way to helping business owners understand the numbers. Let TrulySmall Accounting help: Get an accurate and up-to-date look at how your business is doing with TS Accounting. Visually see the numbers that matter like income vs. expense, net income, top business expenses, and current account balances. Within seconds, you can visualize what these numbers mean for your construction business, so that you can make smarter decisions on things like whether or not you need to cut down on mileage, skip out on updating your materials this year, or focus your efforts on the most profitable projects. Quicker Invoicing to Clients to Prompt Payment Invoicing customers is the first step to getting paid on-time. Although not the most glamorous task, construction & trades business owners are much more likely to remember to invoice if they’ve already built a habit of checking their books regularly. Let TrulySmall Accounting help: Sync your business’s financial data into TS Accounting and let us do the heavy lifting! Our software will track your income and expenses by pulling and categorizing all the necessary data from your bank into the accounting software. As you create invoices within TS Accounting, our software learns your business (and its clients) and will make the process easier the more you use it. Less Work to Keep Your Hard-Earned Money Never miss out on another deduction or take unnecessary steps to understand business finances again. Let TS Accounting take over the heavy-lifting so that you can work smarter and take your construction and trades business to the next level.
