Construction & Skilled Trades

Accounting built for contractors, builders and skilled tradespeople

Accounting for construction companies means job costing, progress billing, holdbacks, WIP schedules, payroll and T5018 subcontractor reporting, kept current every month instead of fixed at year-end. We do this for general contractors and skilled trades in Alberta and across Canada, from electricians, plumbers and HVAC companies to framers, roofers and renovation specialists, on our four monthly plans, listed on our pricing page. You stay on top of every job and every CRA deadline without slowing down operations.

The Big-5 Alternative

Big-5 firms have never tracked a 10% holdback or reconciled a progress draw.

Side-by-side
Big-5 firm

$10,000 – $35,000+ / yr

Junior staff. Hourly billing. Add-ons.

786 Venture

Fixed monthly fee

CPA-led. Fixed fee. All-inclusive.

Construction-first accounting

Job costing, holdback tracking, progress billing, and WIP schedules built into every engagement instead of bolted on later.

Per-job profitability

Revenue, costs, and margin tracked per project so you know which jobs make money and which lose margin before completion.

Compliance & bonding

T5018 subcontractor reporting, WCB clearance letters, COR financials, and bonding packages always prepared and organized.

What's included

Straightforward Accounting for Growing Trades Companies

Ideal for

Trades We Serve Across Canada

We provide specialized accounting solutions tailored to the unique needs of trade businesses across Canada. From managing job-based revenue to handling taxes, payroll, and equipment costs, we help contractors build clear, reliable financial systems so they can focus on delivering quality work and growing their business with confidence.

What do contractors in Alberta need to file?

Alberta has no provincial sales tax, so Alberta contractors charge 5% GST only (source: CRA GST/HST rates, reviewed on 13 October 2026). If more than half of your business income comes from construction and you pay a Canadian subcontractor more than $500 in a calendar year, you must report those payments on T5018 slips. The T5018 return is due six months after the end of the reporting period you choose, either the calendar year or your fiscal year (sources: CRA, T5018 slip, CRA, When to file information returns, reviewed on 13 October 2026). We track both every month and file them for you, alongside your WCB remittances.

What accounting services do electricians need most?

An electrical contractor needs job costing on every job and service call, so materials and labour are matched to what was billed; payroll with source deductions remitted to the CRA on time for apprentices and journeypersons (source: CRA, Remitting source deductions); GST charged at 5% in Alberta with input tax credits claimed on materials and tools (source: CRA GST/HST rates); vans, tools and equipment tracked for capital cost allowance (source: CRA, Capital cost allowance, reviewed on 19 October 2026); and T5018 slips for subcontractors, as set out above. We do this for electricians in Alberta and across Canada at fixed monthly fees, led by a licensed CPA. Fees exclude GST. See our packages.

Where Plumbing Cash Flow and Project Tracking Break Down

The Financial Complexity Behind Multi-Type Electrical Projects

Seasonal Revenue Fluctuations and Equipment Cost Pressures

Billing Complexity and Project Profitability Challenges

Pricing

How Much Does Accounting for Contractors Cost?

You choose one of our four plans, listed on our pricing page. Every plan includes cloud accounting, job costing setup, receipt capture, and CRA filing.

Solo Trade / Small Contractor

One of our four plans

Full bookkeeping, job costing, T5018, GST, year-end filing. Ideal for businesses needing an accountant for contractors and day-to-day construction bookkeeping support.

Mid-Size Contractor (5 to 20 projects)

One of our four plans

Multi-job tracking, holdbacks, WIP, payroll, and bonding support. Includes support from an electrician, plumber, or HVAC accountant familiar with trade-specific operations.

Large Builder / GC

One of our four plans

Complex operations, multi-entity, and progress billing. Built for businesses requiring advanced accounting for contractors and multi-project reporting systems.

T2 Corporate Return Only

Quoted in writing

Year-end filing if you maintain your own books.

Add-Ons

Only Pay for Additional Services You Actually Use

Payroll & Field Crew

Bi-weekly runs, T4s, ROEs, WCB remittances

From $100 / mo

Bonding Package

Surety-ready financials, WIP schedule, personal net worth

From $2,000

COR Certification Support

Financial documentation for Certificate of Recognition

From $1,000

Equipment Financing Package

Lender-ready financials for loans and leases

From $750

HST New Housing Rebate

Builder rebate filing for new residential builds

From $1,200

How It Works

Modern Accounting With Faster Turnaround Times

Free Contractor Assessment

20-minute call. We review your job costing, holdback tracking, and compliance, then quote. Our renovation business accountant team reviews reporting systems, project tracking, and operational compliance during onboarding.

Onboard (5 to 7 Days)

Cloud accounting, job cost structure, bank feeds linked, subcontractor tracking setup.

Monthly Close & Job Reports

Jobs costed, holdbacks tracked, WIP updated, payroll run, GST filed. Our accounting for contractors process keeps project reporting accurate and financially organized throughout the year.

Year-End & Growth Support

T2 filed, T5018s issued, bonding package updated, equipment CCA optimized. Work with an accountant for electricians, plumbers, HVAC companies, and contractors focused on long-term growth and profitability.

You build. We keep your business on solid ground.

Fixed monthly plans for contractors. At your onboarding call we review your job costing and holdback tracking.

CPA-led · Fixed fees · CRA audit support included

Frequently Asked Questions

Why is construction and trades accounting different from regular business accounting?

Construction and trades accounting involves job costing, holdback management, WIP schedules, subcontractor tracking, and project-based profitability reporting that standard accounting systems often do not handle correctly.

A construction accountant helps businesses manage progress billing, project costs, payroll, WCB compliance, T5018 filings, equipment depreciation, and construction-specific tax reporting.

Yes. Our accounting for contractors includes multi-project tracking, per-job profitability reporting, holdback reconciliation, and construction financial reporting support.

Yes. A CPA for contractors helps businesses monitor margins, manage cash flow, track labor costs, and improve project-level financial performance throughout the year.

Yes. We provide accounting support for trades businesses including plumber accountant services, electrician accountant support, and HVAC accountant reporting for growing service companies.

A renovation business accountant helps contractors manage project budgets, subcontractor costs, invoicing schedules, payroll reporting, and GST/HST compliance for residential and commercial renovation work.

Yes. Our services include support from a CPA for plumbing contractors, general contractors, and specialty trade businesses requiring job costing, payroll processing, and CRA compliance support.

Tell us what you need. We'll confirm the price.

A licensed CPA will review your request and reply within 2 business days. Your information is kept strictly confidential.

phone call icon

Call Now

(844) 786-8272 Mon-Fri 9am-5pm MST

emaill icon

Email Us

[email protected] Response within 2 business days

See what each plan includes and sign up online in a few minutes.

This page provides general information. It is not accounting, tax or legal advice and should not be relied on for any specific situation. Contact 786 Venture CPA for advice on your circumstances.