Keep your income, expenses, subcontractor costs, and project records organized so you can spend less time on bookkeeping and have a clearer picture of how your business is doing.
And when tax season shows up, it means going back through months of records trying to remember what a specific charge was actually for.
Get Help With My Books →We record and categorize your transactions, reconcile your bank and credit card accounts, track business income and expenses, organize your receipts and invoices, and deliver monthly financial reports that actually tell you something.
We track costs by project, covering materials, labour, subcontractors, equipment, and any other job related expenses, so you can see what each job actually cost you to complete.
We handle GST/HST bookkeeping, payroll related bookkeeping, subcontractor records, and year end bookkeeping preparation, so your records are ready when filing time comes around instead of becoming a scramble.
Most contractors don't just want to know whether the business made money overall. They want to know which jobs made money and which ones quietly ate into the profit.
That requires tracking job income against everything that went into it, materials, labour, subcontractors, equipment, and any other project specific costs. Once those pieces are separated out and tied back to the individual job, you get a much clearer view of what each project actually costs you and how it's really performing, rather than a single blended number that hides which jobs are worth taking on again.
We work with businesses across the trades, including general contractors, renovation companies, electricians, plumbers, HVAC contractors, roofers, landscapers, painters, and other trades and home service businesses.
If you're specifically looking for broader tax and CRA support for contractors, our Accountant for Contractors page covers that side of the relationship in more depth.
This isn't meant to be a full compliance breakdown. If you want deeper coverage of specific topics like holdback tracking or WSIB, that's better suited to its own page, and we're happy to point you there once it exists.
Payments to your subcontractors get incorporated into your monthly bookkeeping and tracked properly throughout the year, since construction businesses paying Canadian resident subcontractors more than $500 in a reporting period generally have to report those payments to CRA once construction makes up more than half of their business income.
Your sales and business expenses need to be tracked properly for GST/HST purposes, and once your revenue crosses the registration threshold, that tracking becomes a regular part of your monthly bookkeeping rather than a once a year headache.
If you have employees, payroll related bookkeeping gets folded into your overall monthly process instead of being handled separately by someone who isn't looking at the rest of your books.
You don't have to fix everything before asking for help. If months are missing, transactions aren't categorized, accounts aren't reconciled, receipts are scattered, your previous bookkeeper left, or you simply haven't touched the books in months, that's a normal starting point, not a disqualifying one.
We get your books caught up and organized first, then move you into ongoing monthly bookkeeping once that's done.
Cost depends on a handful of factors specific to your business, including your number of transactions, number of accounts, number of active projects, payroll, GST/HST registration, subcontractor payments, the current condition of your books, and your reporting requirements.
Want to understand what bookkeeping may cost for your business? See Bookkeeping Cost in Canada.
Tell us how your contracting business operates and we will help you understand the right level of monthly support.
Get a Contractor Bookkeeping Quote →We learn about your type of contracting work and where your bookkeeping currently stands.
We figure out exactly what needs to be handled each month.
Transactions, reconciliations, records, and reporting stay current throughout the month.
You end up with organized financial records and real visibility into how the business is actually doing.
AccTax is an Ontario based accounting firm with offices in Kitchener, Waterloo, and Cambridge, plus remote support across the rest of the province. Bookkeeping and tax work stay connected under one team, GST/HST tracking, subcontractor records, and year end preparation are all handled by the people who are already looking at your monthly books, instead of getting reconstructed by a separate provider at tax time.
Contractor bookkeeping includes transaction recording, bank and credit card reconciliation, job costing by project, GST/HST bookkeeping, subcontractor records, and monthly financial reports, all detailed in the sections above.
Yes. Monthly bookkeeping is our standard service for contractors, keeping your records current instead of reconstructed once a year.
Yes. Job costing by project is a core part of the service, tracking materials, labour, subcontractors, and equipment against each individual job.
Yes. Subcontractor payments are tracked as part of your monthly bookkeeping, including the records needed for CRA reporting where it applies.
Yes. Your sales and expenses are tracked for GST/HST purposes as a regular part of monthly bookkeeping.
Yes. We scope a catch up or cleanup first based on how far behind things are, then move you into regular monthly bookkeeping.
Yes. We work within the software you're already using rather than requiring you to switch platforms.
Cost depends on transaction volume, active projects, payroll, GST/HST needs, and the condition of your books. See our bookkeeping cost guide for typical ranges.
Yes. We work with general contractors, renovation companies, electricians, plumbers, HVAC contractors, roofers, landscapers, painters, and other trades.
Yes. Monthly bookkeeping keeps your records organized throughout the year, so year end preparation is a formality instead of a scramble.
Tell us about your contracting business and your current bookkeeping situation. We'll help you understand what support you need.
