Trades & Construction
Proactive Financial Management for Australian Tradespeople
Tired of Paperwork Taking You Away from the Tools? Struggling with Cash Flow Between Jobs? Not Sure If You’re Making a Profit?
At Keystone Accounting, we provide tailored financial solutions for tradespeople, helping you build a more profitable and efficient business while navigating the unique financial challenges of the trades industry.
Why Team Up with Keystone Accounting for Your Trade Business?
We Speak Tradie
We've worked with loads of tradies and understand the ins and outs of running a trade business. No confusing jargon – just practical advice you can use.
Keep More Money in Your Pocket
We'll help you quote jobs right, cut unnecessary costs, and take advantage of tax deductions you might be missing.
Never Stress About Paying Subbies or Suppliers Again
We'll help you manage your money so you always know what's coming in and going out.
Take Your Business to the Next Level
Our simple systems make invoicing, expense tracking, and bookkeeping a breeze, so you can focus on what you do best.
Avoid Costly Mistakes
We'll keep you on the right side of the ATO and help you meet all your licensing and insurance requirements.
Know Where You Stand
Get clear, easy-to-understand reports on how your business is doing compared to other tradies in your field.
Practical Financial Services for Tradespeople
Job Costing and Pricing
- Help you win more profitable jobs with smart quoting
- Track costs for materials, labor, and overhead for each project
- Analyze which types of jobs are most profitable for your business
Bookkeeping and Paperwork Management
- Turn your ute into a mobile office with our easy-to-use apps
- Organize receipts and paperwork to save time and reduce stress
- Prepare clear financial reports so you know where your business stands
Cash Flow Help
- Plan for those quiet periods between big jobs
- Strategies to get paid faster and manage supplier payments
- Help you understand and improve your business’s cash position
Tax Planning and Lodgement
- Maximize deductions for your tools and vehicle expenses
- Handle your BAS and tax returns accurately and on time
- Keep you compliant with ATO requirements
Business Tune-Ups
- Regular check-ups on your business’s financial performance
- Compare your business to others in your trade
- Identify areas where you can save money or make more profit
Growth and Improvement Advice
- Support in growing from sole trader to employing other tradies
- Advice on purchasing vehicles or equipment
- Support in growing your business safely and profitably
Licensing and Insurance Support
- Ensure you have the right insurances for your trade
- Help maintain financial requirements for your trade license
- Assist with financial aspects of tenders or contract bids
Industry Benchmarks and Key Performance Indicators
At Keystone Accounting, we go beyond basic accounting. We provide context and insights that drive your business forward, leveraging industry benchmarks and KPIs crucial for success in the trades sector.
Key Metrics We Monitor
Gross Profit Margin
Measures how much time is spent on billable work. Calculated by dividing billable hours by total work hours. Aim for 65-75%.
Utilization Rate
Measures how much time is spent on billable work. Calculated by dividing billable hours by total work hours. Aim for 55-70%.
Customer Satisfaction Rate
Indicates how happy your customers are. Calculated by dividing satisfied customers by total customers surveyed. Aim for 75-90%.
Job Completion Time
Measures how quickly you finish jobs. Calculated by averaging time from job start to finish. Aim for 7-15 days.
Revenue per Employee
Reflects how much money each worker brings in. Calculated by dividing total revenue by the number of employees.
Overhead Rate
Shows how much you spend on running the business. Calculated by dividing overhead costs by revenue. Aim for 30-40%.
Our expertise in these metrics allows us to:
- Quickly identify areas of your business that may be underperforming
- Provide targeted advice for improvement based on industry best practices
- Help you set realistic goals and KPIs for your specific business needs
- Benchmark your performance against industry leaders and competitors
Build a Strong Foundation for Financial Success
Schedule a free consultation to discover how we can strengthen your financial foundation and help your trade business thrive.
Common Challenges We Solve for Tradespeople
- Complex invoicing and expense management
- Cash flow issues due to project-based income
- Difficulty in accurately tracking income and expenses
- Compliance with varying tax laws and regulations
- Inefficient resource allocation across different projects
- Challenges in valuing and growing the business
- Keeping track of tools and equipment expenses
- Managing vehicle and fuel costs
- Dealing with seasonal fluctuations in work
Ready to Optimize Your Financial Performance?
Contact us today to brief us on your financial challenges and objectives. Let us handle the numbers while you focus on your trade.
Why Tradespeople Trust Proactive Business Services
Industry Focus
Our team has extensive experience working with tradespeople of various sizes and specialties.
Compliance Expertise
We ensure your business stays compliant with all financial and regulatory requirements.
Technology Integration
We help you leverage the latest job management and financial tools to streamline your operations.
Strategic Partnership
We act as your financial advisors, providing insights to drive growth and profitability.
Customized Solutions
We tailor our services to your specific business needs and growth objectives.
Keystone Accounting: Advocating for Your Financial Success
Don’t wait any longer to transform your financial management. Book your free consultation now and we’ll throw in a free review of your current quoting process to help you win more profitable jobs.