Does this sound familiar?
Why construction bookkeeping needs extra attention
A construction project is rarely a single, simple job. Subcontractors, materials purchasing and additional work often overlap, and VAT isn't always treated the same way. For physical work such as building, demolition and maintenance, the VAT reverse-charge scheme usually applies, shifting VAT to the main contractor. Meanwhile, a project sometimes runs across multiple financial years, which calls for careful valuation of work in progress.
A bookkeeper who understands construction keeps these elements separate. Subcontractor invoices are checked for correct VAT reverse-charging, and project progress is translated into a valuation that reflects actual costs and profit margin. The G-account, which you can use to limit liability when hiring in staff, also has a fixed place in the bookkeeping. This keeps your records clear, even with several projects running at once.
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Correct treatment of the VAT reverse-charge scheme
Valuation of work in progress per project
Oversight when working with subcontractors
Support around the G-account
Deliverables
What you actually get
Complete bookkeeping
We manage and check your bookkeeping, tailored to the way your construction business works.
Valuation per project
We process ongoing projects based on the costs, invoicing and progress you provide.
Financial advice
We discuss your figures with you and advise on key decisions around investments, staff and further growth.
Personal contact
You have direct contact with your dedicated adviser, who understands construction and how the sector works.
Who needs a bookkeeper in construction?
A contracting business that works with several subcontractors has different priorities to a sole trader who carries out jobs independently. An installation company faces different VAT questions to a demolition business or a finishing contractor. Anyone hiring out staff to other construction businesses also has to deal with the VAT reverse-charge scheme and the chain liability that comes with it. What these businesses have in common is the need for oversight, correct VAT treatment, insight into project progress, and bookkeeping that can track several jobs at once. We support both small contracting businesses and larger construction companies, from your first subcontracted job to an extensive work-in-progress file.
Results
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Proof.
Real entrepreneurs. Real results.
Discover how entrepreneurs like you
grew with structure as their foundation.
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Tax-neutral contribution and holding structure. €210,000 in structural annual tax savings.
Belgian Cayman tax avoided. €280,000 in additional tax prevented with a watertight substance file.
Polish VAT claim withdrawn. €190,000 in assessment, penalties and interest averted.
€1,200,000 released by PayPal after fourteen weeks of court proceedings.
EUIPO opposition dismissed in full. Brand name retained intact after a competitor's attack.
A construction bookkeeper focused on growth and results
A construction business can grow in turnover and orders while its financial result lags behind. That's why, as a bookkeeper for construction, we look not only at accurate bookkeeping but also at how costs, margins and available financial headroom develop. We take into account the way your business operates, without making our services unnecessarily complicated.
With up-to-date reports, you can see how turnover, business expenses and results are developing. This makes it easier to base decisions on staff, equipment, investments and further growth on solid financial footing. You have direct contact with a dedicated adviser who knows your construction business and puts the figures in the right context. This means your bookkeeping forms the basis not only for tax returns and annual accounts, but also for decisions that contribute to a financially healthy business in the short and longer term.
FAQ
Questions?
We'll answer them.
Why does my construction business need a bookkeeper?
Every construction business owner benefits from a bookkeeper, if only to process day-to-day purchases and sales accurately. In construction, specific considerations are added to this, such as the VAT reverse-charge scheme for subcontracting, the valuation of work in progress and record-keeping around a G-account. As you work with more subcontractors or run several projects at once, expert support becomes even more important for keeping oversight.
Which tax returns do you handle for my construction business?
We handle the tax returns that suit your business and its legal structure. We use the data from your bookkeeping and check that it has been fully processed. You receive timely clarity on what needs to be supplied and which amounts are being declared. We also make sure the returns align with your bookkeeping and annual accounts. This way, you stay in control without constantly having to get to grips with tax and administrative rules yourself.
Can you take over the existing bookkeeping for my construction business?
Yes, we can take over existing bookkeeping from your current bookkeeper or accounting firm. We first look at what data is available and check whether the records are sufficiently up to date. We then agree on the handover and set up our work around your business. You get one dedicated point of contact for questions, reports and tax returns. This allows the transition to run smoothly while important financial information stays available.
Is Suits suitable for sole traders and construction businesses with staff?
Yes, we support both self-employed tradespeople and construction businesses with staff. We set up the bookkeeping around the size, legal structure and working method of your business. A sole trader often needs different information to a growing business with several employees. That's why we tailor our work, reports and points of contact to your situation. This means you get the right level of support, without unnecessary elements or complicated processes.
