Tradesman Industry

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 Harmony Online Ledger, Bookkeeping & Consulting, LLC is a full-service accounting firm specializing in providing bookkeeping, accounting, accounts payable (AP), accounts receivable (AR), payroll, and tax preparation services tailored to the unique needs of tradespeople and small to medium-sized businesses. From initial onboarding to financial reporting, we streamline your business’s financial management and ensure full compliance with pertinent financial standards and regulations.   

Trade industries such as construction, plumbing, electrical work, welding, and other service-oriented professions have unique financial requirements that require specialized expertise and precision. Harmony Online Ledger offers the tools and oversight needed to reduce administrative overhead, ensure financial accuracy, and guarantee complete visibility into your financial health.  

  Bookkeeping for tradesman Companies

Automating financial processes (e.g., linking QuickBooks to your bank account)

Categorizing vendor receipts, revenue, and liabilities

Categorizing credit card transactions

Categorizing bank transactions

• Financial clean-up of income statements and balance sheets specific to marketing and event planning operations

            Full-Cycle Accounting for Tradesman  Companies 

• Financial statement analysis for marketing and event planning companies
• Journal entries and reconciliations
• Fixed asset management, including schedule maintenance and depreciation relevant to marketing and event planning assets
• Recording loans, prepaid assets, and more, with a focus on marketing and event planning needs
• Managing accrual and cash basis of accounting
• Accounting for insurance expenses
• Accounting for leases (including capital and operating leases)
• Managing accounting software, ensuring vendor and customer names and addresses are up to date
• Income and expense allocations
• And all other accounting needs

                                         Payroll Management

• Payroll processing for marketing and event planning staff
• Payroll audit ensuring compliance with industry standards
• Payroll journal entries
• Foreign currency transaction journal entries as needed
• Recording commission expenses and revenues for marketing and event planning professionals
• Systems implementation and improvement

                                   Full-Cycle Accounts Payable

• Creating and managing AP/expense bills in ERP 
• Gathering and paying vendor invoices 
• Setting up and applying ACH payments to vendors
• Paying vendors, including via checks and ACH
• AP reconciliation specific to marketing and event planning accounting

                             Full-Cycle Accounts Receivable

• Creating AR bills in customer ERP
• Mailing/emailing AR invoices to clients
• AR reconciliation with a focus tradesman services
• Recording unearned revenue and applying payments to AR bills
• Tracking and presenting aging of accounts receivable reports

                       Customized Excel Templates 

• Tracking billable hours to clients

                                     Specialized Services

• Organizing chart of accounts specific 
• Maintaining the chart of accounts
• Creating custom financial reports and analyzing business data for marketing and event planning companies
• Developing and tracking KPIs 
• Tax services, including sales and use tax filings and payments
• Ensuring compliance with all accounting standards
• Producing time-based reports, including non-billable time, time billed/collected, and revenue by service
• Understanding and supporting the marketing, warehousing, and distribution tracking aspects of your business
• Accurately tracking expenses such as marketing campaign and event planning costs, labor costs, and promotional expenses associated with projects
• Providing claims management accounting to account for any campaign or event-related claims and managing related expenses
• Calculating the true cost of projects to customers by considering all expenses, enabling accurate pricing strategies
• Generating financial reports that provide insights into key performance indicators (KPIs) like campaign/event completion times, cost per project, and resource utilization
• Tracking clients' ROIs (Return on Investment) to ensure marketing and event planning efforts are yielding the desired financial returns
• Purchase order management
• Billing clients for installment invoices and collecting progress payments
• Accounting for revenue by the percentage of completion method
• Preparation of financial statements
• Tracking project revenue and expenses