Bookkeeping and Accounting Services for Construction Contractors
and Service Industry Businesses
Providing Clarity to Your Business: Demystifying the Financial Details
Bookkeeping Services
At Lucenti Group, LLC, we offer comprehensive bookkeeping services for tailored to the construction and service industries. Without the burden of bookkeeping, you’ll be free to generate new business, run daily operations, and take advantage for opportunities for growth.
Our bookkeeping services are designed to be economical, convenient, and pay for themselves.
When we meet to discuss your custom package, we’ll go over the accounting and bookkeeping services you need and create a detailed plan that works for you. We do everything an accounting department can do but without the overhead.
Our Basic Bookkeeping Service Includes:
Free diagnostic review of your current books
QuickBooks Online setup or cleanup
Monthly Transaction Entry and coding
Monthly Reconciliation of bank and credit card accounts
Professionally prepared quarterly financial Statements
Quarterly Check-in Meeting with our team
We'll hand off your books to your tax person and help field any questions they have at tax time
Bonus: Education on how to read and understand your financial statements
Your Office Manager is NOT
a Bookkeeper
Your office manager could be costing you thousands in unnecessary income taxes each year just because she’s not a professional accountant or bookkeeper!
Many contractors utilize their office manager for many different functions. An amazing office manager is a coveted employee for sure! Someone who is a go getter and likes to take on new responsibilities is a huge asset to your business.
We can support your existing team on an ongoing basis to make sure your books are solid. We'll start with a FREE diagnostic review of your books and make recommendations based on what we find. We'll then periodically review your books and produce professional financial statements that are ready to hand off to banks, investors, and your tax preparer.
Save Money on Taxes
If there’s inaccuracies in your bookkeeping it is very difficult for your tax accountant to spot them if they’re not looking at the detail behind those account balances.
You may have noticed your tax accountant makes you sign an engagement letter each year. That engagement letter says they’re not diving deep into the detail of your accounting records and that you’re responsible for the information you give to them.
What that means for you is whatever totals you send your accountant is what he or she is using to file your tax return.
Here are some common errors we see that are costing business owners thousands in taxes each year! >>>>
Common Errors We Find
Contractors paying tax on unearned revenue
Project management system integrations causing duplicated sales transactions
Non-revenue deposits classified as revenue increasing your taxable income
Assets categorized as expenses
Loan payments recorded without expensing interest
Deductible expenses classified incorrectly as non-deductible expenses
Missing or duplicated transactions
Bank transfers recorded as income or assets
No reconciliation of monthly accounting
Reconciliation completed but leaving unreconciled transactions causing inaccuracies in your taxable income
Frequently Asked Questions
What industries do you serve?
At Lucenti Group we focus on what we know. We only take on clients that fit a specific profile. We have narrowed down the industries we serve to only construction/home service and health & wellness businesses.
Examples of types of Construction/Home Service companies we've worked with:
Pool Builder
Commercial and Residential Framing
General Contractor
Plumbers
Roofers
Painters & Specialty Coatings
HVAC Contractors
Handymen
Site Work & Site Development
Concrete Contractors
Waste Removal
Turf Installer
Landscape Design and Install
Engineering Firms
Communications and Fiber Wiring Contractor
Commercial Door Install & Maintenance
How does pricing work?
We will provide you with a customized quote based on the services that you need. We work on a monthly flat fee model that we've found works best to create a positive client relationship.
Our basic bookkeeping package starts at $250/mo and includes:
Monthly Bank and Credit Card Transaction entry
Monthly Reconciliation of all balance sheet accounts
Quarterly Financial Statements
Quarterly Check-In Meeting
Pricing is based on a few factors such as the number of bank and credit cards you have, how many transactions there are per month, the level of complexity required in your reporting, and any add-on services necessary.
How many clients do you have?
We only take on the number of clients that we can serve effectively ourselves without compromising on quality and communication. We are not interested in growing our firm beyond our own capacity so we are selective about who we work with and form high quality relationships with our clients.
What if I have a few years of cleanup?
We can quickly and accurately get your books up to date and ready for you to file back taxes, apply for a loan, or just get better visibility into your business.
The thing that sets us apart when we do cleanups is that we don't take shortcuts. Some bookkeepers will create entries for "reconciliation discrepancies" which just means they haven't taken the time to dig in and find the source of the error. We will get to the bottom of the balance in every account on your financial statements, and fast!
Cleanup pricing is also done on a flat fee basis. We'll do our best to determine how much work the cleanup project will be and we'll give you a price. We don't charge any extra to break the cleanup into a payment plan. We will work at the pace you set based on the payment schedule. If we come across an unanticipated complication in the cleanup we'll check in with you first before you incur any additional costs.
Will I be locked into a contract?
Absolutely not! At Lucenti Group, we believe in empowering you with the freedom to choose an accountant who aligns with your unique needs and personality. We understand the importance of a strong, collaborative relationship in financial management. So, you won't be locked into any long-term contract. We're here to support your financial journey while giving you the flexibility to work with someone you truly vibe with.
Will you outsource my books to another country?
No way! At Lucenti Group, we take data security and client confidentiality very seriously. While many accounting firms outsource their bookkeeping to the Philippines or India we pride ourselves on providing personalized and secure service. We handle all your financial needs locally, in our own office, without any outsourcing or subcontracting. Rest assured, your financial data is safe and in trusted hands.
