Client Name: BuildSmart Contractors (Construction Firm, Texas, USA)  
Industry: Construction  
Software Used: Wave Accounting  

Project Overview:

BuildSmart Contractors manages multiple construction projects and faced challenges with cash flow visibility and project-level expense tracking. To resolve these issues, they partnered with Trustaxis Accounting to implement Wave Accounting for better management of invoices, payroll, and job costs.

Client Requirement:

• Implement a system to track project-specific expenses.
• Automate payroll and subcontractor expense tracking.
• Provide real-time visibility of project profitability.
• Generate custom reports to compare costs against the budget.

Solutions Provided:

• Set up Wave Accounting with a project-specific chart of accounts  
• Automated payroll processing and subcontractor expense tracking  
• Integrated bank feeds for instant reconciliation  
• Created custom reports to monitor costs versus budget  

Challenges:

• Disorganized expense categories across projects  
• Manual payroll processing and subcontractor payments  
• No real-time overview of project profitability  

Results:

• 75% faster monthly reporting  
• Improved accuracy in project profitability and cash flow management  
• Enhanced budgeting and financial transparency  

 Trustaxis Accounting successfully implemented Wave Accounting for BuildSmart Contractors, improving project profitability tracking, automating payroll, and providing real-time financial insights, resulting in faster reporting and enhanced budgeting.

Client Review:  

The Trustaxis Accounting Team did an excellent job setting up Wave for our construction business. Now we can see project expenses and profits in real time. They are a highly skilled and professional team.

— John Peterson, CEO, BuildSmart Contractors