– Bookkeeping & Business Consulting for Trades
Know your numbers.
Run a better business.
Bookkeeping, CFO Advisory & Operational Support for Trades Businesses
Your books shouldn’t just tell you what happened last month.
They should help you decide what to do today.
Positive Statements combines day-to-day bookkeeping with operational business guidance to give trades and construction businesses an accurate, up-to-date picture of what’s happening financially.
So instead of running your business on instinct, you can make decisions based on numbers you understand.
– More Than Bookkeeping –
Traditional bookkeeping tells you what already happened. We help turn current financial information into practical guidance for the decisions you are making today.
Understand where the money is going, whether projects are performing as expected, how sales and expenses compare to budget, and where something simply doesn’t add up.
Land Developers
General Contractors
Plumbers
Electricians
HVAC
Landscapers
Excavation
1. Visibility
See What’s Happening Now
Access current financial information without waiting until month-end or year-end to find out how the business performed.
2. Guidance
Make Better Decisions
Understand the financial impact of hiring, purchasing equipment, taking on projects, increasing spending and other operational decisions.
3. Control
Protect Your Profit
Identify overspending, revenue shortfalls, missing billing and financial mismatches while there is still time to respond.
– Financial Decision Support
Business Consulting & Decision Support
We work alongside business owners to provide practical financial guidance around the decisions they face every day.
Cash Flow Management
Understand upcoming obligations, anticipated cash requirements and how current decisions could affect available cash.
Sales Target Monitoring
See how actual revenue is tracking against target and identify gaps early enough to act.
Expense & Budget Monitoring
Compare actual spending against operating budgets so overspending is visible before it becomes a larger issue.
Labour Cost Monitoring
Understand what payroll and labour are costing the business and how those costs relate to revenue and project performance.
Purchasing & Growth Decisions
Evaluate whether the business can comfortably support equipment, vehicles, new staff, additional crews or expansion.
– The Questions Behind The Numbers
Better financial information leads to better day-to-day decisions.
Our role is to help turn your bookkeeping into answers you can actually use.
Are we actually profitable?
Are labour costs getting too high?
Are we going to hit our sales target?
Why are expenses higher this month?
Can we afford this purchase?
Which jobs are making us money?
Why are expenses higher this month?
Are all project costs being billed?
– Financial Controls –
Catch financial problems earlier.
Growing trades businesses process a large volume of transactions. Current bookkeeping makes mistakes, missing revenue and unusual activity easier to identify.
Missing Billing
Identify materials, labour or expenses that should have been billed back to a customer.
Unusual Purchases
Spot transactions that don’t match normal purchasing patterns and require review.
Duplicate Payments
Reduce the chance of paying the same vendor invoice more than once.
Project Variances
See where labour or materials are moving beyond the original budget.
Missing Receivables
Know what customers owe and where payments are falling behind.
Cash Mismatches
Investigate differences between expected and actual cash while they are still current.
– Built For Trades & Construction
Know whether each job is actually making money.
Winning work doesn’t automatically mean making money.
Trades businesses need to understand what happens between the estimate and the final invoice.
We help organize your financial information so labour, materials, subcontractors and other expenses can be associated with the appropriate projects.
Estimated vs. Actual Costs
Track
Billable Expenses
Capture
Labour & Materials
Allocate
Project Margins
Understand
Accounts Receivable
Monitor
Accounts Payable
Manage
– How Positive Statements Can Help You –
Bookkeeping that keeps up with the business.
Your financial information shouldn’t be sitting in a box waiting for year-end.
Our cloud-based bookkeeping processes help keep information organized and accessible throughout the year.
Day-to-Day Bookkeeping
Transactions categorized, reconciled and maintained so your financial records stay current.
Accounts Payable
Supplier and subcontractor invoices organized and payments managed according to your approved processes.
Accounts Receivable
Invoices recorded, customer payments applied and outstanding receivables monitored.
Payroll
Payroll processing with online pay stubs and direct deposits for your employees.
Government Remittances
Support with applicable GST, PST, payroll, WorkSafe and other ongoing remittance requirements.
Paperless Document Management
Receipts and invoices submitted electronically and connected to your accounting records.
Performance Reporting
Current reporting that helps you understand sales, spending, cash flow and operational performance.
Operational Advisory
Practical financial guidance for hiring, budgeting, purchasing, growth and other day-to-day business decisions.
– Compliance
Stay organized without the year-end scramble.
Compliance is easier when accurate bookkeeping happens continuously.
We maintain organized financial records throughout the year so the information your accountant needs is already available when tax season arrives.
That can mean fewer missing documents, fewer unexplained transactions and less time spent reconstructing an entire year of financial activity.
GST & PST
Keep sales tax records current and organized for applicable filings.
Payroll Remittances
Maintain payroll records and support ongoing remittance requirements.
WorkSafe & Subcontractor Records
Support the documentation requirements common to construction and trades businesses.
T5018 Reporting
Keep subcontractor information organized for construction reporting requirements.
Year-End Accountant Preparation
Deliver a clean, organized file package so your accountant can focus on accounting and tax strategy.
– Story Time! –
What current bookkeeping can uncover.
A construction company came to Positive Statements looking to go paperless and improve its invoicing process. During the conversion of its current fiscal year into cloud accounting software, $12,000 in construction materials for one active project were identified that had not yet been billed to the customer.
Because the project was still underway, those costs could still be recovered. Going forward, the bookkeeping process was structured to better coordinate vendor invoices with customer billing, giving the business a clearer view of project performance and cash flow.
That’s what we mean by bookkeeping that helps you run the business.
– Working With Positive Statements –
Current numbers. Clear guidance. Better decisions.
1. Keep It Current
Your transactions, accounts and records are organized using standardized processes.
2. Make It Clear
Financial information is presented in a way you can understand and use.
3. Spot Issues
Unexpected expenses, variances and mismatches can be identified sooner.
4. Make Decisions
Use the numbers to guide hiring, purchasing, budgeting, pricing and growth.
5. Stay Ready
Remain organized for remittances, compliance requirements and year-end.
Your bookkeeping should do more than record the past. It should help you understand the present and decide what comes next.
Positive Statements gives trades and construction businesses the bookkeeping, financial visibility and ongoing decision support they need to stay in control of their business.
- Know where the money is going
- Know whether you’re hitting targets
- Know which projects are performing
- Know when something doesn’t add up
– Book a Consultation –
Get started today
Positive Statements
Be burden free and financially focused.