Construction Financial Services
Construction Bookkeeping Built Around How Contractors Actually Work
Construction bookkeeping is more than recording income and expenses. Contractors need accurate job costs, organized project records, reliable financial reports, and a clear understanding of where their money is going. Led by Sherri Terry, V2K provides construction-focused bookkeeping services that help contractors organize their finances, improve financial visibility, and make better-informed business decisions. Services are available nationwide.
The Problem
Your Books Should Help You Run the Business
Construction companies operate differently from ordinary service businesses. Money moves between customers, projects, suppliers, employees, and subcontractors—often across several active jobs at once. Without an organized bookkeeping system, contractors may struggle with:
V2K helps create an organized financial foundation so your records become a useful business-management tool—not just something addressed at tax time.
The Services
Organized Books. Better Visibility. Stronger Decisions.
Services are tailored to the company's size, accounting system, current condition, and financial goals. Construction bookkeeping support may include:
The exact scope is established during the consultation and depends on the needs of your construction business.
QuickBooks Support
Make QuickBooks Work for Your Business
QuickBooks can provide valuable financial information—but only when it is organized around the way the company operates. V2K helps construction companies improve how they use QuickBooks by reviewing and organizing:
- The chart of accounts
- Customer and project records
- Income and expense categories
- Bank and credit-card connections
- Products and services
- Vendors and subcontractors
- Customer invoices and payments
- Project-related transactions
- Job-costing information
- Financial reporting
- Month-end reconciliation procedures
Whether you are establishing a new company file, cleaning up existing records, or improving an established system, V2K focuses on creating a structure that is practical, understandable, and useful.
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QuickBooks / accounting environment
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Job-costing reports
Job Costing
Know What Each Project Is Actually Costing You
Revenue alone does not tell you whether a job is profitable. Job costing helps connect project income with the labor, materials, subcontractors, equipment, permits, and other costs associated with producing that work. An organized job-costing process can help contractors:
- Track income by customer or project
- Assign material purchases to the correct job
- Organize subcontractor expenses
- Compare project costs with estimates
- Monitor change-order revenue and costs
- Identify projects with declining margins
- Evaluate estimating assumptions
- Understand which types of work perform best
- Improve future bidding and pricing decisions
V2K helps establish and maintain job-costing records based on the information available from the contractor's estimating, billing, banking, and accounting systems. Accurate job costing also depends on consistent information from the company. V2K works with clients to develop practical procedures for recording project-related transactions.
Income & Expense Organization
Understand Where the Money Comes From—and Where It Goes
Construction companies may receive progress payments, customer deposits, retainage, reimbursements, and payments connected to approved change orders. At the same time, money is being spent on materials, labor, subcontractors, equipment, vehicles, permits, insurance, and overhead. V2K helps organize financial activity into meaningful categories so business owners can more easily understand:
Clear categories improve reporting and reduce the amount of time spent trying to reconstruct financial activity later.
Reconciliations
Reliable Reports Begin With Reconciled Accounts
A reconciliation compares the transactions in the accounting system with the activity reported by the financial institution. Regular reconciliations help identify:
V2K can reconcile applicable bank and credit-card accounts on an agreed schedule and help address discrepancies that affect the reliability of the books.
Financial Reporting
Turn Bookkeeping Data Into Useful Information
Financial reports should help you understand the condition of your construction business. Depending on the company's bookkeeping system and service plan, reporting may include:
V2K helps business owners understand what the reports show and where additional information may be needed. Bookkeeping reports reflect the accuracy and completeness of the information provided and recorded. They are not guarantees of profitability or future financial performance.
Built for Construction
Generic Bookkeeping Often Misses the Construction Details
Construction bookkeeping may involve financial issues that do not appear in many other businesses, including:
Understanding these issues helps create more useful records and more relevant financial reports. V2K combines financial-management experience with a practical understanding of contractors, project billing, job costs, and construction operations.
Your Bookkeeping Lead
Sherri Terry
Why Work With Sherri Terry
More Than 30 Years of Financial and Business Experience
Sherri Terry brings more than 30 years of bookkeeping, payroll, tax, financial-management, and business experience to V2K clients. Her professional background includes:
- Bookkeeping and human-resources experience
- Construction project billing
- Income-tax preparation education and experience
- Bachelor's-level accounting studies
- Business ownership
- Financial-management support
- Advanced Fractional CFO education
- Cash-flow and financial-reporting guidance
- Strategic financial decision support
Sherri understands that contractors need more than perfectly categorized transactions. They need financial information that helps them manage cash, evaluate projects, prepare for taxes, and make informed business decisions.
Who We Serve
Construction Industries We Serve
V2K provides remote-friendly construction bookkeeping services nationwide. Services are tailored to the individual business. V2K does not force every contractor into the same bookkeeping process.
Our Process
How V2K Works With You
Financial Consultation
We discuss your company, current bookkeeping system, accounting software, active challenges, and the type of support you need.
Bookkeeping Review
When appropriate, V2K reviews the available accounting records to identify organizational problems, incomplete information, and areas requiring attention.
Recommended Scope
You receive a proposed service scope based on the condition of the books and the company's ongoing needs.
Setup or Cleanup
V2K organizes the agreed areas of the accounting system, addresses available historical issues, and establishes practical bookkeeping procedures.
Ongoing Bookkeeping
Transactions, reconciliations, and reports are maintained according to the selected service schedule and information supplied by the company.
Financial Review
We help you understand the reports, identify questions, and consider whether additional bookkeeping, tax, or Fractional CFO support would benefit the business.
FAQ
Frequently Asked Questions
Do you only work with construction companies?
V2K's bookkeeping services are specifically positioned around contractors, builders, developers, and construction-related trades. This focus allows us to better understand project billing, job costing, subcontractor expenses, and the financial challenges common to construction businesses.
Do you provide bookkeeping services outside Texas?
Yes. Construction bookkeeping and financial services are available nationwide through remote collaboration and cloud-based accounting systems.
Can you clean up existing QuickBooks records?
Yes, depending on the condition of the file and the information available. We begin with a review to determine the work required before recommending a cleanup scope.
Can you set up bookkeeping for a new construction company?
Yes. V2K can help organize the chart of accounts, bank connections, income and expense categories, customer and project records, and practical bookkeeping procedures.
Do you provide job costing?
V2K can help set up and maintain job-costing information when supported by the accounting system and the information supplied by the contractor. Reliable job costing requires consistent identification of project-related income and expenses.
Do bookkeeping services include tax preparation?
Bookkeeping and tax services are related but separate. Bookkeeping organizes the company's financial records, while tax services address tax preparation and related support. We will explain which services are included in your proposed engagement.
Are you a CPA firm?
V2K should not be presented as a CPA firm unless that professional designation is separately verified. V2K provides bookkeeping, tax-support, financial-management, and Fractional CFO services within the qualifications and agreed scope of its professionals.
How often will my books be updated?
The schedule depends on your service plan, transaction volume, and reporting needs. Services may be structured monthly or at another agreed frequency.
Will bookkeeping tell me whether every job is profitable?
Properly maintained job-costing records can provide valuable insight into project performance. The quality of that information depends on accurate estimates, time records, purchasing information, change orders, billing, and consistent transaction assignment.
Have more questions? View all FAQs or contact V2K.
Build a Stronger Financial Foundation for Your Construction Business
If your books are behind, your job costs are unclear, or QuickBooks is not giving you useful information, start with a conversation. V2K will learn how your company operates, review your bookkeeping needs, and recommend a practical path forward. Construction bookkeeping and financial services are available nationwide.