Accounting Services
Outsourced Accounting

Expertly trained accountants with a deep understanding of the software and your industry,

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Bill Pay

Outsourced bill pay solution with cash flow reporting and tracked expenses.

What Are Outsourced Accounting Services and Do I Need Them?

If you are asking yourself these two questions, you've come to the right place.

What’s the Difference Between CFO and a Controller - and What Do I Need?

Although these two important roles are sometimes viewed as interchangeable there are important differences between them.

Industry Expertise
Our Key Industries

Expert knowledge and high-quality software solutions for our 5 key industries.

Construction & Real Estate

Real-time financial data and integrated job costing to generate reports and improve accountability.

Manufacturing & Distribution

Track billing of materials, implement inventory control systems, manage supplier base, and reduce unnecessary costs.


Our team has the expertise needed to navigate deposits, refunds, chargebacks, and processing fees to maximize efficiency.

Professional Services

Streamline financial operation and increase overall profitability to enable faster and smarter decisions.

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Why does industry expertise matter?

Industry focus allows us to be experts in the accounting needs of the companies that operate within these industries.

Why Plumb Works With These Industries

This is another one of our favorite questions. The answer is easy: we know these industries.

Software Expertise
Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

NetSuite Software

Integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

QuickBooks Software

Scalable solutions for reporting, transactions, month-end close, analysis, and more.

QuickBooks to NetSuite Migration: A Comprehensive Guide

Migrating from one accounting software platform to another is a critical undertaking for businesses. This is especially true when considering a transition from QuickBooks to NetSuite.

How do I know which Software is right for my company?

Selecting the "right" software for your company might seem like an overwhelming task, but we'd like to help make this process easier for you.

Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

Sage Intacct

Automate the critical processes, reduce the spreadsheet headaches, and get greater visibility into real-time business performance.

Sage 300 CRE

Sage 300 Construction & Real Estate connects finances and operations to help ensure maximum profit.

Sage 100 Contractor

The all-in-one construction software that goes beyond basic accounting to put you in total command of your projects.

Sage Estimating

Build bids quickly and precisely, plus integrate with other Sage software solutions to streamline operations.

Sage Paperless

Easily store, retrieve, and route documents for accounting and operations.

Sage Service

Streamline service calls and construction projects from start to finish with web-based real-time information.

Additional Solutions

Add-on these services to improve workflow and enhance data and analytics.

How and When to Choose Construction Accounting Software?

The right tools can help you manage your construction projects efficiently, provide clarity of your finances, and ultimately help improve profitability and job success.

5 Types of Visibility Every Construction Firm Should Have.

Here we list 5 key elements to help capture insights that are pivotal to running an efficient and lucrative constriction firm.

About Plumb

Plumb seeks to empower business owners and leaders to gain clarity about their financials to grow their business.

Case Studies

Learn more about our work with clients in a variety of different industries.

Meet the Team

Learn more about the Plumb leadership team.

The Plumb Promise


Want to join us? Check out our current open positions and apply today.

What can Plumb Do for Your Business?

At Plumb we pride ourselves on providing "clarity in accounting and stewardship in service." But what does that actually mean?

What's the Plumb Promise and What's in it for You?

We're on a continuous journey to go above and beyond for our clients. Here's how we do that.

Quick Tips for Managing Construction Payroll

Posted on July 2, 2021 at 6:47 PM
Written by Plumb

Financial and Construction Accounting Strategies to Help Make Your Company More Profitable




Managing Construction Payroll – Tips to Follow

Collect Timecards Everyday:  When employees track their time by the week, they can easily underestimate time missed and overestimate time worked;  that is simply human nature.  In fact, by managing construction payroll daily instead of weekly, your business could save an average of one hour per week for every field employee.  That can really add up.  You could save more than one full week of pay for every field employee each year.  Saving that kind of money certainly justifies the extra effort of collecting time cards each day.  Using daily time cards also enables you to better monitor production, spread out your office workload, and spot inconsistencies in reporting sooner rather than later.  

Profits in Action:  Use the Daily Payroll option in Sage 100 Contractor to enter your construction payroll for the previous day.  At the end of the pay period, simply process the daily records into timecards and print your checks.

Segregate Time Worked to Save on Workers Comp: Many states allow construction companies to utilize a workers compensation rate specific to the task being performed.  Segregating a workers time into the most appropriate risk group can save you a lot of money.

Managing construction payroll – it works like this.  Say one of your employees spends four hours forming sidewalks and four hours framing the sub-floor on a house.  On that employee’s timecard, reflect the two different tasks so your business can receive the lower workers’ compensation rate for sidewalk forming.  Assuming that the workers’ comp rate for carpentry work is 25 percent, the sidewalk workers’ comp rate is 9 percent, and the employee’s pay rate is $20 per hour (for both types of work) for an eight-hour day, the math works as follows:

  • Without segregating the employee’s time, here’s what you would pay for workers’ compensation:
  • 8 x $20 x .25 = $40.00
  • What you pay now: (4 x $20 x .25) + (4 x $20 x .09) = $27.20
  • You save: $12.80 on every $160.00 in wages  |  Profits in Action: This savings represents 100 percent pure profit and Sage 100 Contractor can do all of the work for you.

Try to Reduce False Workers’ Compensation Claims:  Few things strike more fear into a contractor’s heart than a large worker’s compensation claim.  Sadly, false claims cost many contractors many thousands of dollars.  While it may be impossible to stop an employee from filing a false claim, many contractors believe an effective deterrent is to add a signature line and the following statements to employees’ daily timecards.

            • I was/was not injured today.
            • Describe injury in detail _________________
            • I did/did not witness an injury today
            • Describe injury in detail

Profits in Action: Use the Sage 100 Contractor Timecard Report to print a project-specific timecard that includes all cost codes for the project.  Ask employees to complete one and drop it in a lockbox on the job site before leaving for the day.

Leverage Qualified Benefits on Prevailing Wage Projects: As a non-union contractor who performs prevailing wage work, you must pay the required benefits in cash.  However, if you have a qualified health care or vacation benefit program, you can offset the cash requirement with the value of your qualified plan.  This requires establishing the hourly value of your qualified benefit plan prior to calculating payroll, then deducting this value from the required cash benefit.

Profits in Action: Use Sage 100 Contractor to make automatic qualified benefit calculations when payroll is processed.  Simply enter the value of your qualified benefits as the offset to the prevailing wage rates; all reporting and tax calculations will then be generated.

Save Workers’ Compensation on Prevailing Wage Benefits:  When you pay prevailing wage benefits in cash, the vacation portion is not normally subject to workers’ compensation.  By excluding these vacation amounts from the workers’ compensation calculation, you may be able to save a sizable amount of money.

Profits in Action: Sage 100 Contractor can make this calculation for you.  Simply set the cash vacation benefits to exclude workers’ compensation on the payroll calculation screen.  Your workers’ compensation reports and your job costs can reflect the correct amounts.

Want to see a Demo of Sage 100 Contractor?

Contact Plumb


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