Bookkeeping for Tradies 4 Reasons to Outsource Bookkeeping

Bookkeeping for Tradies: 4 Reasons to Outsource Bookkeeping

Published: 7 January 2024


3 min read

We’ll cut to the point. Unless you were a bookkeeper in a past life, the best way for tradies and construction companies to ensure your books are accurate is to invest in outsourced bookkeeping. With outsourced bookkeeping services you get an expert team plugged into your business, who are experienced in bookkeeping for tradies and the construction industry, and use powerful technology to run your numbers and integrate with your other systems.

Enough of the hard sell. Here’s 4 simple reasons why you need outsourced bookkeeping services for tradies.

1. Improve Receipt & Invoice Management

When you outsource your bookkeeping, you’ll get set up with automated receipt and invoice management . We think you’ll like the sound of this:

  • Ditch the paperwork: No more receipts in the glovebox – enjoy organised, digital storage.
  • Simplify invoicing: Create and send professional invoices in minutes, directly from your bookkeeping system.
  • Get paid faster: Automate invoice reminders and follow-up, ensuring timely payments.

2. Set Up Financial Processes & Structures

Tradies, you might be great at building a house or managing commercial construction projects, but poor financial processes can make things like cash flow turn into big problems. Outsourced bookkeeping helps you to:

  • Eliminate chaos: Implement clear financial processes for quotes, payments, and supplier management.
  • Reduce errors: Say goodbye to ad-hoc payments and missed deadlines with structured workflows.
  • Improve cash flow: Predictable weekly supplier payments to maintain healthy cash flow.

3. Enjoy Relief from Bookkeeping Admin

Your time is best spent either on the tools, managing your team or ensuring your projects are on track. Outsourced bookkeeping helps to:

  • Free up your time: Focus on your core business while experts handle the bookkeeping burden.
  • Reduce stress: Leave the financial complexities to the professionals and enjoy peace of mind.
  • Stay compliant: Ensure your business adheres to all tax and accounting regulations.

4. Get Your Project Management Software Integrating With Xero

If you’re not using cloud-based accounting software to run your business, we can help you with a seamless Xero implementation . Integrating your bookkeeping and accounting software with other business systems can deliver game-changing efficiencies for any business. But the benefits are amplified for trades based companies who use tradie software such as SimPRO to manage projects. Here’s why:

  • Save time: Seamlessly track project costs and budgets within your existing Xero platform.
  • Boost accuracy: No more manual data entry – expenses and invoices automatically flow into Xero.
  • Gain insights: Gain real-time visibility into project profitability and cash flow.

Outsource Your Bookkeeping & Payroll With BlueRock

Our bookkeeping team can provide your trades business with reporting and industry-specific insights that will help take your business to the next level. Explore our simple, fixed-fee subscription packages and take the complexity out of construction bookkeeping. Talk to us about implementing smart business systems to help you thrive today.

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