HomeBookkeeping for contractors
Contractors & trades · Ontario & BC
Bookkeeping built for contractors.
Builders, renovators, electricians, plumbers and other trades: know which jobs make money, keep subcontractor payments ready for T5018, and stop losing weekends to receipts.
The bookkeeping problems contractors actually have
Construction books get messy fast: materials bought for three different jobs on one card, deposits and progress draws, holdbacks, subcontractors paid by e-transfer, and receipts faded on the dashboard. We built TallyNeo's process around exactly that.
- Job costing: materials, labour and subcontractor costs tagged to each project, so you can see real margins.
- T5018 reporting: if construction is your main business, the CRA expects a T5018 information return for payments to subcontractors. We track those payments as they happen.
- Sales tax: HST in Ontario, or GST and PST in British Columbia, with input tax credits claimed on materials and equipment.
- Payroll for your crew, plus WSIB (Ontario) or WorkSafeBC (BC) reporting prep.
- Receipts from your phone: snap a photo on site and it's matched to the right transaction.
How it works on a job site schedule
Connect QuickBooks Online or Xero once and link your bank feeds. Our AI sorts transactions weekly and flags anything unknown, like that unexplained e-transfer. A finance professional reviews everything monthly, and you get a short report by the 15th showing profit by job and what you owe in sales tax.
See how we handle provincial rules in Ontario and British Columbia.
Trades we work with
- General contractors
- Renovation companies
- Electricians
- Plumbers
- HVAC
- Roofers
- Drywall & framing
- Landscaping
- Painters
- Concrete & masonry
Pricing · CAD
One flat monthly fee.
Starter
$249 / month
Up to 75 transactions
- Bank & card reconciliation
- Monthly P&L and balance sheet
- Sales-tax return filed
Growth
$449 / month
Up to 200 transactions
- Everything in Starter
- Bills & invoicing (AP / AR)
- T5018 subcontractor tracking
- Payroll for up to 5 staff
Pro
$799 / month
Up to 400 transactions
- Everything in Growth
- Job costing by project
- Payroll for up to 15 staff
- WSIB / WorkSafeBC prep
Prices in Canadian dollars, plus applicable sales tax. Full plan details.
Questions
Common questions.
What is a T5018 and do I need to file one?
A T5018 is a CRA information return reporting payments to subcontractors. It generally applies when construction is your primary business activity. We track subcontractor payments all year so the return is quick to prepare.
Can you track profit by job?
Yes. On the Pro plan we tag costs and revenue to each project so you can see margins job by job.
Do you work with contractors in both Ontario and BC?
Yes. We handle HST for Ontario contractors and GST plus PST for BC contractors.
My books are months behind. Can you help?
Yes. Book a free health-check and we'll quote a one-time catch-up before your monthly plan starts.
Get your evenings back.
A free 30-minute call: we'll look at how your books run today and tell you honestly whether TallyNeo is a fit.