What We Offer
Financial services built for small business — and construction.
From day-to-day bookkeeping to AIA billing and WIP reporting, VP Partners LLC handles the numbers so you can focus on running your business.
Clarity for every decision.
Accounting
Accurate, timely financial statements that give you a clear picture of your business health. We keep your books audit-ready and your decisions data-driven.
What's included
- Monthly and quarterly financial statements
- General ledger maintenance and reconciliation
- Cash flow analysis and forecasting
- Budget preparation and variance reporting
- Tax-ready financials for your CPA
- Audit-ready record keeping
Clean books, zero surprises.
Bookkeeping
Never lose track of income, expenses, or cash flow again. Our bookkeeping service keeps your records clean, organized, and always up to date.
What's included
- Daily and weekly transaction entry
- Bank and credit card reconciliation
- Accounts payable and receivable management
- Job costing and expense tracking
- Month-end close and reporting
- QuickBooks setup and cleanup
On time. Every time. Guaranteed.
Payroll
Payroll errors are expensive — in dollars, in penalties, and in employee trust. VP Partners manages your entire payroll process, from calculating wages and withholdings to filing taxes and issuing direct deposits. We handle the complexity so you never miss a deadline.
What's included
- Full payroll processing for W-2 employees
- 1099 contractor management
- Federal, state, and local tax filings
- Direct deposit setup and management
- Year-end W-2 and 1099 preparation
- New hire reporting and compliance
A niche we do well — your industry, our specialty.
Construction & Contractors
Construction is a niche we do well. Contractors face a stack of financial paperwork most accountants never touch — AIA billing forms, certified payroll, sales tax on materials and labor, work in progress schedules, and audit season. We know that stack, and we handle it for you so you can stay on the job site.
What's included
- AIA billing forms — G702 and G703 applications for payment
- Certified payroll reporting — federal WH-347 and state prevailing wage forms
- Sales tax reporting for materials, labor, and multi-state jobs
- Work in progress (WIP) schedules and over/under-billing reports
- Revenue recognition and percentage-of-completion tracking
- Workers compensation audit preparation and support
- General liability and insurance audit documentation
Serving general contractors, subcontractors, and trades across the trades we know best — electricians, plumbers, HVAC, framing, concrete, and more.
A closer look at each specialty
AIA billing forms
How it works
Progress billing runs on standardized AIA forms — the G702 application for payment and its G703 continuation sheet. Each billing cycle we prepare these from your job cost data: completed work to date, stored materials, retainage withheld, and the current payment due. We check every line against your contract schedule of values so the application is accurate and defensible before it ever reaches the owner or lender.
Why contractors benefit
- Bill accurately and get paid on schedule
- Retainage tracked correctly on every application
- No more scrambling at billing time — your schedule of values stays current
- Supporting documentation matched to each draw
Sales tax reporting
How it works
Sales tax in construction is uniquely complicated — whether materials, labor, or both are taxable changes by state, and sometimes by job type or project owner. We determine the correct treatment for each job, track taxable activity throughout the year, and prepare and file your returns on schedule, including use tax on out-of-state purchases.
Why contractors benefit
- Correct treatment for materials, labor, and mixed contracts
- Returns filed on time in every state where you work
- Reduced audit exposure from misclassified transactions
- Nexus monitoring if you take jobs across state lines
Work in progress reporting
How it works
A WIP schedule tracks every active job — contract value, costs incurred to date, estimated cost to complete, billed to date, and revenue earned to date. We build and maintain your schedule every month, calculating over- and under-billings and percentage of completion so your financial statements show where each job really stands.
Why contractors benefit
- See the real profit position on every job, not just cash received
- Over- and under-billings flagged before they become cash flow surprises
- The financial statements banks and bonding agents require for surety credit
- Percentage-of-completion revenue kept accurate for tax reporting
Workers compensation audits
How it works
When your workers comp policy renews, the carrier audits your payroll records and job classifications. We prepare everything in advance — payroll registers by classification, certificates of insurance for your subcontractors, and owner exclusion forms — then support you through the audit itself so the final premium reflects your real exposure.
Why contractors benefit
- Correct employee classifications keep premiums fair
- Subcontractor certificates organized so you don't pay for coverage you don't owe
- Audit disputes backed by clean documentation
- Fewer premium surprises when your policy renews
Insurance audits
How it works
General liability and umbrella policies are audited on actual exposure — payroll, gross sales, and subcontractor costs for the policy year. We compile the auditable figures directly from your books, reconcile them to your policies and certificates, and walk the auditor through your records so the final premium is based on facts, not estimates.
Why contractors benefit
- Premium adjustments based on accurate numbers, not estimates
- Subcontractor costs documented with certificates so you aren't charged for their work
- The audit handled without pulling you off the job site
- No surprise true-up invoices after the policy year ends
Every engagement is priced to fit your business. Need a custom combination of services? Contact us and we'll build a package tailored to your business.
Ready to get started?
Schedule a free consultation and we'll recommend the right combination of services for your business — whether you run a construction crew or any other small business.