Restoration Bookkeeping
A restoration company is not a typical small business. Mitigation and rebuild behave like two different companies, insurance carriers pay on their own schedule, and a big month of jobs can still leave you short on cash. Your bookkeeper needs to know that. Ours do.
Why restoration books need
a restoration bookkeeper.
A general bookkeeper can categorize transactions. What they usually cannot do is set your books up so the numbers mean something for a restoration company. That is where owners get stuck: the P&L says you made money, the bank account disagrees, and nobody can say which division is carrying the business.
Books set up by division
Water, fire, mold, contents and rebuild tracked separately in QuickBooks, so you can see which services are profitable instead of one blended margin.
Insurance receivables you can trust
Carrier and customer balances reconciled every month, so your A/R aging shows what is really owed and how long it has been waiting.
Revenue in the right month
Restoration jobs span months. We keep revenue and job costs lined up so a big job does not make one month look great and the next look like a loss.
What’s included in our restoration bookkeeping
Designed for restoration businesses with limited in-office staff.
- Categorization: every transaction coded to the right account and division, every month.
- Reconciliation: bank, credit card and loan accounts reconciled so your balances tie out.
- Clean monthly reports: a P&L, balance sheet and aging reports you can actually read.
- Organization that will lend itself well to the CFO process when the business grows, and to a buyer’s review when you sell.
Controller services
For restoration companies with a bookkeeping staff that could use assistance and training.
- Monthly reconciliation of balance sheet accounts
- End of month journal entries (prepaids, accruals, WIP, unbilled revenue)
- Bookkeeping review
- Ongoing training of bookkeeping staff
Bookkeeping is where it starts,
not where it stops.
Clean books tell you what happened. As your company grows, you need to know what to do next. Because we set your books up for restoration from day one, moving up to CFO reporting is a step forward, not a cleanup project.
Bookkeeping
Monthly categorization and reconciliation, set up by division, so your numbers are accurate and on time.
Controller services
We oversee and train your in-house bookkeeping crew and post the month-end entries.
CFO Subscription
Industry KPIs, benchmarking, cash flow forecasting, a monthly dashboard and a monthly strategy session based on your financials.
Restoration bookkeeping questions
Do you only do bookkeeping for restoration companies?
Yes. We serve restoration business owners, including water, fire, mold mitigation, asbestos abatement, contents, and rebuild/reconstruction.
What size restoration company is your bookkeeping for?
We often do bookkeeping for clients up to 1.5 million, controller services for larger companies to oversee their in-house bookkeeping crew, and CFO services for clients 2.5 million and up.
We already have a bookkeeper. Can you still help?
Yes. Our controller services are built for companies with a bookkeeping staff that could use assistance and training: monthly reconciliation of balance sheet accounts, end of month journal entries (prepaids, accruals, WIP, unbilled revenue), a review of the bookkeeping, and ongoing training.
What happens when my business outgrows bookkeeping?
Your books are already organized for it. We set up the books so they lend themselves well to the CFO process, so moving to our CFO Subscription adds industry KPIs, benchmarking, forecasting, a monthly dashboard and a monthly strategy session based on your financials without starting over.
How do I get started?
Schedule a free introductory call. We will look at where your books are today and recommend bookkeeping, controller or CFO services based on your size and goals.
Tell us where your
books are today.
We will tell you honestly whether you need bookkeeping, a controller, or a CFO.