Remote Bookkeeping on NJ-23 Corridor | Capgro

Helping business owners gain financial clarity, improve cash flow, and increase profitability.

What’s Covered on This Page

• for NJ-23 Corridor Businesses
• Tips for Getting to Capgro Bookkeeping Services from Wayne or Pompton Plains
• How the NJ-23 Corridor Is Unique as a Business Environment
• Can a remote bookkeeper really handle job costing for contractors working both residential and commercial sites along NJ-23?
• How do Wayne and Pompton Plains contractors manage cash flow during the slow winter months?
• If I want to visit your Teaneck office from the NJ-23 corridor, what’s the best way to get there?

Need remote bookkeeping services along nj-23 corridor new jersey?

973-453-5052

Book A Free Consultation. Call Capgro Bookkeeping Services LLC now.

for NJ-23 Corridor Businesses

NJ-23 runs directly through Wayne and Pompton Plains and provides much-needed business to all of the strip malls, contractor yards, and local stores in this section of Morris County. If you run a business on this corridor, then you are all too familiar with the mountain of paperwork that it inevitably creates.

Remote bookkeeping is the service offered to every home service company along this corridor: Plumbers serving Lincoln Park, HVAC contractors operating out of the Willowbrook Mall area, and roofers stocking materials alongside Hamburg Turnpike, do not work 9-to-5 desk hours: they are on the road. This is exactly why remote bookkeeping works best for them.

The owners of the corridor businesses tend to be a certain type of person. They are the hands-on type, always running from one thing to another. Most definitely, not the type of person to want to deal with a CPA or accountant during a rush-hour commute on Route 46. Our team works out of Teaneck but all of our bookkeeping services are offered remotely. You don't need to leave your shop or your truck for your books to get done, reports generated, and the month end to close.

Why These Contractors Need Help

Wayne and Pompton Plains are two unique pockets of the country in a way that the town centers of their residential areas are right next to commercial areas. You could have a landscaping company that is mowing lawns in Pompton Plain's downtown at 10 a.m. and then at 2 p.m. clearing out a commercial lot along Riverview Drive. Job costing accounting is essential to know whether a residential job was more profitable than a commercial job.

1. Keeping track of payroll between the residential and commercial Wayne job sites
2. Maintaining material cost purchases made by suppliers located along Route 23
3. Tracking 1099s for subcontractors in the winter months
4. Keeping track of cash flow when the outdoor jobs go dormant over the winter season

However, not a lot of contractors have a lot of time to deal with receipt management and categorization because there is always another job to bid on. Their records quickly become out-of-date and inaccurate as more and more invoices get unaccounted for or expenses are commingled and categorized incorrectly.

This is a situation we encounter fairly often. A contractor who has a painter in Wayne is two months away from tax season, and he is looking at his QuickBooks file, which is in dire need of cleanup. We would begin with a QuickBooks cleanup service which brings what you have caught up-to-date, and then you to our monthly bookkeeping package.

Designed For How NJ-23 Contractors Run Their Jobs

For example, we currently serve one contractor, an electrician, out of his office in the Alps Road area. These days, instead of walking over to his old accountant once a quarter, bringing a box full of receipts, he'll just shoot pictures from his phone, we'll sort them out in Quickbooks Online, and he'll get his profit-and-loss report each month, no problem. That's what remote bookkeeping is, and what it's for, and it's not about being further away, it's about being faster. There's no need to go to the office and no need to sit and wait for a return call or something. And, there's a real feeling of small-town connection in Pompton Plains, where business owners know one another. Wayne has changed in a lot of ways over the decades, but there's still a strong contractor's community in this part of NJ, and their businesses and their ups and downs from the seasons. You know, it's spring and summer, business picks up. It's fall and winter, things slow down. Cash flow analysis helps you prepare for both times. There is also development going on in the NJ-23 corridor, with new construction going up near the central part of the town of Wayne, and constant maintenance needs for the older houses in Pompton Plains, so there's always work and there's always a revenue stream if you keep track of it the right way. We're here to make sure what the books say matches the work that's actually going on out there.

Tips for Getting to Capgro Bookkeeping Services from Wayne or Pompton Plains

Many of our clients on the NJ-23 don't even come by for face-to-face meetings to, or to meet their bookkeepers. And, many don't have to, because they've switched to remote bookkeeping. But, those in Wayne and Pompton Plains, who do want to come in and say hello, can visit our office at 1090 Congress Ave in Teaneck. It's pretty easy to find. See the areas we service. From NJ-23, you can go down to us in these steps:

1. From Wayne or Pompton Plains go south on NJ-23 and past the Willowbrook Mall and keep to the next exit at Verona.
2. Take US-46 East for a few minutes and merge right onto NJ-3 East toward Rutherford, a pretty drive except during rush hours.
3. Take NJ-17 South to NJ-4 East, continue on NJ-4 to Teaneck.
4. Take the exit for Teaneck Road heading up north and a few feet turn right onto Congress Ave; our office is located there at number 1090.

If you do all of this outside rush, it should take 35-45 minutes or so, or an additional fifteen in rush hour. NJ-23 in south Wayne can be especially clogged up in that area around Packanack Lake Road. Leaving before 7:30 or after 9:30, is always a big help. And, most people in this area, especially contractors, never come in at all. That's what remote bookkeeping is all about!

Your QuickBooks files, your monthly reports, your job costing entries, it all happens here in Teaneck. You can stay on the job site in Wayne or at your business near the corner of NJ-23 and Alps Road, and we'll connect over a screen share or a phone call and make it just as as a face to face. For contractors with jobs all along NJ-23, traveling into town to the bookkeeping office costs a lot of billable hours. After a service call in Pompton Plains, you may not be inclined to drive the whole trip back on Hamburg Turnpike just to get to a bookkeeping office. So, we set our system to meet you where you're at. You can send in pictures of your invoices, and we'll pull your bank feeds and do all the bookkeeping right from home. We still welcome that initial meeting if it's what you need. Many of our HVAC contractors and landscapers from the Wayne area have come down from Wayne for a first-time meeting so that we can help them to get set up with their QuickBooks. They have since transitioned to fully remote bookkeeping, and one of the painters in Wayne told us that he hasn't seen his old bookkeeper in two years anyway, but now he's just been able to take that leap into remote bookkeeping. We'll take you out there, from I-80 East and NJ-17 South, from all the other areas that we serve as well. And if it's the NJ-23 to I-80, then you won't need to hit any traffic from the Riverdale border and all of that. Regardless, we have that connection from our offices in Teaneck all the way up and down the corridor. It's remote bookkeeping, and you're just not limited to where you are.

How the NJ-23 Corridor Is Unique as a Business Environment

NJ-23 is the corridor that runs right through Wayne and also Pompton Plains as a main arterial, and you've got the strip malls, you've got the industrial parks, and you've got all the different residential streets that you've got a combination like that that you won't find on all the smaller suburban streets and that's where all the small contractors and all the local home services will gravitate. And the reason for that is because the homes are keeping them busy with the work, and there's a lot of good-sized properties and old homes and homes in need of maintenance in the Wayne area and in the Pompton Plains area, and all these plumbers, all these HVAC folks, the roofers, the landscapers, there's a lot of work to be done on those streets. But one of the issues with that is that with a lot of the business owners in that NJ-23 corridor, the work can pile up, the invoices can pile up, and then pretty soon you're three months in the rearview mirror on your books, and that's something you see a lot of with the contractors that are servicing the Wayne area. It's not that they aren't great contractors, it's not the books, and that's what them with. A few unique attributes of this corridor distinguish it from other regions of Northern New Jersey:

• Route 23, which houses a dense concentration of both residential and commercial properties, requires contractors to work in a wide variety of environments throughout the course of a typical workday.
• The area experiences pronounced seasonality; landscapers, exterminators, and painters find winter months slow and spring frenzied.
• A significant proportion of businesses here cater to clients in Wayne and nearby suburbs, which expands their reach.
• It is highly competitive; consequently, tracking job costs on a granular basis is more important than estimating profitability based on instinct.

The last point here is significant. Take, for example, a landscaping company operating in the Pompton Plains and nearby areas: they may have ten bids in progress at any given time, but without accurate accounting records, the contractor has no way of knowing if some of those bids are profitable and some are losing money. This contractor doesn't spend time sitting at his desk reviewing financial reports, he spends his time at the job site. That is, he doesn't spend time doing the accounting part of his business, his staff does that remotely for him. They do it from their office in Teaneck. He remains where he belongs, at the job site. The contractor in Pompton Plains, who is just north of Route 23 on one of the many roads running through Wayne, receives detailed monthly accounting reports for each of his jobs. This information includes a breakdown of the expenses in each account on each job, a detailed report on every expense by type, and the QuickBooks entries themselves. All of this information is received by mail or electronically. And, in addition, the company also receives a financial summary report, which details gross sales for each job and for all of its clients, expenses by job, expenses by type, and an estimate of the tax due for each jurisdiction. The company also receives detailed monthly reports, including cash flow statements, balance sheets, and income statements for the month. All of this, from start to finish, is completed from the Teaneck office. He continues to work at the job site, he has to, and the bookkeeping happens remotely. It is the nature of the area and of the traffic that runs along NJ-23 in Wayne. Contractors and home service businesses in this corridor spend a lot of time in their trucks, traveling between job sites. They do not want to be traveling to their office for a meeting with a bookkeeper. Remote bookkeeping, then, makes a lot of sense in this corridor. An electrician, for example, may be installing a new panel on Route 23, then traveling ten minutes to the north to make a service call, then traveling to the next job. He may even work a long weekend of jobs on Saturday. He may have a staff of two or three who are also working in other parts of the area. A contractor like this doesn't want to go to his office for a meeting about his finances, or for an in-person meeting about the financials of a project he's working on. He wants the bookkeeping to be done remotely. This is why remote bookkeeping works so well in Wayne and in the NJ-23 corridor. This corridor includes a lot of new contractors. Many of them started out working for a company and decided to strike out on their own. They know how to do their craft, but have not had experience with accounting or bookkeeping. A contractor in Wayne will probably have to file sales tax with the municipalities in which he works. This is often something that catches the new business owner off guard. When we first started our firm, we wanted to work in Wayne, because we felt that we could provide a good service to the businesses there. It is true that there are a lot of home service businesses and contractors in this area of New Jersey. They are not big firms with offices in many parts of the state. They are single-truck operations.

Frequently Asked Questions

Common questions about remote bookkeeping services along nj-23 corridor new jersey services in Teaneck

Ready to Get Started?

Book A Free Consultation. Call 973-453-5052 today.