Reckon for Construction business
What Is Reckon for Construction business Accounting?
Reckon for Construction business accounting means running your construction bookkeeping in Reckon, with jobs, sub jobs and categories for every project. Since 2011, Cred Books has paired builders, subcontractors, civil firms and trade businesses across Australia and New Zealand with a Reckon Accredited Partner and a dedicated Reckon certified accountant.
We set up Reckon One, Reckon Accounts Hosted or Reckon Accounts Desktop for job costing, progress claims, subcontractor retentions and Work in Progress, then handle the daily work and every BAS lodgement. Need another sector? We can also outsource Reckon accounting services.
Jobs with hidden overruns, unpaid retentions and stale WIP figures are how construction books break. When you outsource construction accounting services to Cred Books, we fix them at the source.
How Reckon Handles Job Costs, Progress Claims and Retentions
For construction job costing, we prepare TPAR reports for contractor payments, track retention tracking by job, and build audit proof workpapers with equipment depreciation schedules.
We connect Reckon with Simpro, Procore, Buildertrend, Tradify, Jobman and Groundplan, so purchase orders, site payroll, subcontractor payments and invoice approvals run through one workflow.
What our Reckon setup includes:
- Job and sub job profit and loss reporting inside Reckon
- Progress claims, variations and retention tracking by contract
- Work in Progress schedules reconciled to the ledger each month
- Integration with Simpro, Procore, Tradify and Jobman
- BAS lodgement, TPAR and STP Phase 2 filings with audit ready workpapers
Trusted by over 1,000 clients worldwide, Cred Books delivers monthly reporting packets, profit and loss statements, cash flow projections and year end audit files.
Our Reckon Services for Construction Businesses
Every service below runs inside your Reckon file, so job costing, retentions and progress billings stay accurate.
Job and Sub Job Costing
Jobs, sub jobs and categories capture labor, materials and plant against each project so margins show before a job closes.
Progress Claims and Variations
Claims are raised against contract milestones and approved variations, with the claimed and remaining balance tracked. This work sits within our Outsource Account Reconciliation Services for Construction Businesses.
Retention and Security Tracking
Retentions held and owed are recorded by subcontractor and contract, with release dates tracked in Reckon.
Work in Progress Valuation
Monthly WIP schedules compare costs, claims and forecast margin so profit is recognised fairly.
Subcontractor Payments and TPAR
Subcontractor invoices are checked, paid and recorded so the annual TPAR is accurate and ready to lodge. Need a full return? We offer Construction Tax Return Filing Services too.
Purchase Orders and Supplier Bills
Orders are matched to deliveries and bills, then coded to the right job before payment.
Equipment and Fleet Costs
Plant, vehicle and tool costs are allocated to jobs, with depreciation schedules kept current.
Site Payroll and STP Phase 2
Site staff, apprentices and labor hire are paid in Reckon Payroll with super and Single Touch Payroll filed on time. We also prepare management packs through our Construction Financial Reporting Services.
BAS and GST Compliance
GST on claims, materials and subcontractor work is reconciled and each BAS lodgement is prepared and reviewed. Our Construction Payroll Processing Services cover pay runs, filings and cost allocation.
Software Expertise
Cred Books vs In House Reckon Accounting: Which Suits Your Builds?
Outsourcing suits builders and contractors who want clear job margins without hiring a finance team. We also offer Offshore Construction Accounting Services.
| Factor | In house team | Cred Books (Reckon for Construction business) |
|---|---|---|
| Cost | Salary, benefits, software and training | Accounting costs reduced by 40% to 60% |
| Reckon expertise | Depends on one or two staff members | Reckon Accredited Partner and Reckon certified accountant on every account |
| Construction knowledge | Generalist staff often miss retentions, variations and WIP timing | Job costing, retentions and TPAR handled to a construction checklist |
| Reporting delivery | Job margin reports arrive after the project has already run over | Monthly job and WIP reports delivered on an agreed schedule |
| Project growth | Each new site increases admin and error risk | Take on more projects without adding back office headcount |
| Coverage | Business hours, with gaps during leave | Dedicated team with trained backup |
| Audit readiness | Depends on the individual | Audit ready books with documented workpapers |
Why Construction Businesses Choose Cred Books for Reckon
Cred Books has served more than 1,000 clients since 2011. These are the reasons construction businesses stay with us.
Reckon Accredited Partner
Every client is paired with an experienced Reckon Accredited Partner and a dedicated Reckon certified accountant who set up, review and run the Reckon file.
Construction Accounting Specialists
Our team knows job costing, progress claims, retentions, WIP and TPAR reporting inside Reckon.
Over 15 Years of Experience
Cred Books has been operating since 2011 and has refined its construction business accounting checklists on real files across several countries.
In House Team of 100+
More than 100 in house certified accounting professionals means cover for leave, peak periods and growth. No freelancers and no handoffs to strangers.
Job Margin Control
Costs are coded to jobs as they happen, so owners see overruns early and act before margins disappear.
Lower Accounting Costs
Clients cut back office accounting costs by 40% to 60% without lowering quality, because they pay for expertise instead of desks and recruitment.
Which Construction Businesses Benefit Most from Reckon?
These construction businesses see the biggest gains when Cred Books runs their Reckon file.
Residential Builders
Clear job margins and progress claim control on every build.
Trade Contractors
Electrical, plumbing and HVAC jobs tracked by work order and site.
Civil and Infrastructure Firms
Large contracts, plant costs and retentions managed with discipline.
Subcontractors
Fast invoicing, retention tracking and accurate TPAR records.
Renovation Specialists
Variations and fixed price jobs recorded and billed on time. See our Year End Accounting Services For Construction Businesses for closing the books cleanly.
Cost Conscious Builders
Cut back office costs by 40% to 60% without lowering quality.
Our Reckon Setup Process for Construction Businesses
A five step onboarding process that moves your construction books into Reckon without halting site operations.
Reckon File and Job Review
We review your Reckon file, open jobs, retentions, WIP balances and subcontractor records.
Jobs, Categories and Accounts Setup
We set up jobs, sub jobs, categories, custom fields and ledger rules for every project.
Project Software Integration
We connect Simpro, Procore, Tradify or your job management system to feed Reckon.
Daily Bookkeeping and Reconciliations
We code costs to jobs, reconcile bank and supplier accounts and chase missing documents.
Monthly Job, WIP and BAS Reporting
We deliver job reports, WIP schedules and your BAS lodgement.
Related Services for Construction Businesses
Frequently Asked Questions
Which Reckon products do you support for construction businesses?
We support Reckon One, Reckon Accounts Hosted, Reckon Accounts Desktop and Reckon APS, and we recommend the one that fits your project volume and team size.
How do you handle job costing in Reckon?
We use jobs, sub jobs and categories to capture labor, materials, plant and subcontractor costs against each project, and report margin by job.
Can you manage progress claims and retentions?
Yes. We record claims against contract milestones and variations, track retentions held and owed, and report release dates by contract.
Do you prepare TPAR reports?
Yes. We record contractor payments throughout the year and prepare the Taxable Payments Annual Report so it is accurate and lodged on time.
Do you integrate Reckon with Simpro and Procore?
Yes. We connect Reckon with Simpro, Procore, Buildertrend, Tradify, Jobman and Groundplan so purchase orders and job costs flow to the right job.
How are Work in Progress figures calculated?
We compare costs to date, amounts claimed and forecast margin for each job each month, then reconcile the WIP schedule to the ledger.
Do you handle site payroll and Single Touch Payroll?
Yes. We process pay runs in Reckon Payroll, calculate super and allowances, and file Single Touch Payroll STP Phase 2 data after each pay run.
What is a Reckon Accredited Partner?
A Reckon Accredited Partner is an accounting firm or professional recognised for its training and experience with Reckon products. At Cred Books, every construction business client gets an experienced Reckon Accredited Partner, plus a dedicated Reckon certified accountant who handles the daily work.
How much can outsourcing Reckon accounting save a construction business?
Cred Books clients typically reduce back office accounting costs by 40% to 60% compared with running the same work in house. The saving comes from skipping salaries, benefits, software training and recruitment, while still getting certified accountants and a monthly review of every file.
How long does it take to move a construction business to Reckon?
Most Reckon onboarding handled by Cred Books takes between 3 and 7 business days. The timeline depends on how much history you bring across, the number of locations or entities, and how clean your existing records are.
Is Reckon or Xero better for a construction business?
Xero suits smaller trades that want a simple cloud tool. Reckon suits Australian and New Zealand builders that want job and sub job costing, strong BAS and GST handling and desktop or hosted options. Cred Books supports both and can advise on the best fit.
Why choose Cred Books for Reckon for Construction business?
Cred Books has run outsourced accounting since 2011, with more than 100 in house certified accountants and over 1,000 clients worldwide. You get a named Reckon Accredited Partner, a Reckon certified accountant, a monthly senior review and construction business specific checklists rather than a generic bookkeeping service.