Industries Served

Construction/Developers/Landscapers/Specialty Construction

Contractors face real hurdles financially. Working capital, job costing, real-time analysis is all crucial to a successful contractor’s business.  Tight margins and demanding owners or GCs require professional accounting help; to effectively deal with banks, bonding agents and tax issues contractors need experienced financial help. Not all accountants and bookkeepers understand how to run a true job costing accounting process using QuickBooks.  eCratchit has set up dozens of contractors on QuickBooks and can effectively manage the day to day accounting for our contractor clients.

Case Study

Growing subcontractor is winning contracts left and right. Cash goes out as quickly as it comes in. The stressed-out owner is wondering “where is all the cash going?” He feels like they are just treading water to pay bills and get invoices out.

eCratchit restructures the chart of accounts, sets up job costing and establishes monthly reports. An analysis reveals 20% gross profit margins overall but a few jobs are not as profitable as originally thought. Percentage of completion accounting is implemented to match income and expense monthly and financials and projections created for the bank to increase the working capital line of credit. Managers get timely reports which “hold their feet” to the job estimate.

Frisoli Electric

Frisoli Electric Holbrook, MA - A member of IBEW Local 103, Frisoli Electric is a commercial electrical contractor. Their mission is to maintain the highest level of client satisfaction on each project by consistently delivering services which are of the utmost quality, within the required schedule, and at competitive prices.

eCratchit Solution- Set up Accounts Payable portal and processes, including scanned images, online access, bill payment, and bank reconciliations. Set up a job costing process and monthly reporting and cash management.

“We went from no systems and cash basis accounting to job costing, real financials and projections in a few months.”

Marc Frisoli,
Frisoli Electric

Gibbons Aquaria

Gibbons Aquaria, Lynn, MA- is a company specializing in designing, installing and maintaining custom museum quality marine aquariums. From 100 to 100,000 gallon aquatic environments, Gibbons is the company that offers the best of what’s possible.

The company deliberately keeps things simple. They work with their clients to identify the vision, create the design, construct the exhibit and stock it. Most importantly, they keep it beautiful as long as you own the aquarium. Maintenance is the "key" to the long term success of your piece of the ocean.

“We love what we do, designing, building and servicing high end Aquarium tanks for restaurants, schools and businesses. But I didn’t enjoy the accounting aspect of the business. Ed and his team have helped me focus on the important financial issues, freed up my time to focus on our clients and has really cared about the success of our company. I couldn’t imagine going back to the old way of doing things.”

Warren Gibbons,
Founder and CEO, Gibbons Aquaria

Boston Cabinets, Inc. (Boston, MA)

Boston Cabinets designs, sells and installs fine cabinetry. Imagine your dream kitchen and Boston Cabinets will turn that dream into a reality. From design expertise, to materials selection and installation by their own certified craftsmen, you’ll find the experience to be stress-free, seamless and professional.

eCratchit Solution- Set up detail job costing processes and install Intuit assisted payroll that allows direct job costing of payroll from within QuickBooks. We also established weekly and monthly job costing reports to help manage the construction process.

“We purchased the business and hired eCratchit at the same time. They came in and set up systems and gave us instant process and procedures along with job costing and monthly reporting. It was one less thing to worry about during a busy time.”

Peter Carr,
CEO/Co-Owner, Boston Cabinets

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