Contractors Accounting for Surety Bonds

Surety CFO can help you get the best bond for your business and provide the bookkeeping and CPA reviewed financials needed to get surety bonds.

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Obtain Better & Bigger Surety Bonds

If you're ready to grow your construction business, we'll help transform you into a company that can obtain the bonding necessary.

Why do contractors need surety bonds?

Surety bonds protect both contractors and project owners if something goes wrong. That’s why many project owners require contractors to have surety bonds before entering into a contract. However, many states also require contractors to obtain surety bonds to work on a project. 

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At Surety CFO, our main goal is to take frustrating tasks off your hands. That way, you’re free to focus on your job.

Surety bonds may seem wearisome, but they’re important and required. Let us help you get the best bond for your business and provide the bookkeeping needed to get the bond.

We provide compiled financials and reviewed or audited financials.

What is a surety bond and how does it work?

A surety bond is an agreement among three parties. These are the surety, the obligee and the principal. Surety bonds primarily guarantee that the principal will fulfill their obligations to the obligee.

If the principal fails to do this, then the surety will pay for financial damages on the principal’s behalf.

The principal typically pays an annual premium to the surety in exchange for these protections.
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Accounting & CFO Help for Contractors

If you are a general contractor, trade contractor or subcontractor, you know all about surety bonds and how important they are for your business.

If you are new to the industry, it may sound intimidating, but don’t worry. Surety CFO is here to help!

Our wide range of accounting services includes Contractors Bookkeeping and CPA reviewed and Audited Financials for Surety Bonds.

We can help you get the lowest possible surety bond cost. We can also assess your capital to see what kind of bond you need.

We're All About Profitability

Surety CFO is your go-to resource for businesses bookkeeping, accounting services, payroll, QuickBooks Consulting and tax services. President and owner, Paramita Bhattacharya is an MBA in Finance and Masters In Accounting.

Paramita and her team have the education, knowledge and experience and work with businesses throughout New York, New Jersey and Connecticut and throughout the east coast mid-Atlantic region. And thanks to technology, Surety CFO can work with clients anywhere in the world!

Improve Profitability NOW!

Call today and free up the time you need to run your business, and leave the bookkeeping and accounting up to the experts!

What types of bonds can we help with?

Surety CFO can help you manage your balance sheet, cash flow & prepare your books to dramatically improve your bonding, here's some of the bonds you should know about.
Bid Bonds
Suppose a contractor successfully bids on a project but doesn't enter into a contract. A  bid bond financially protects a project owner, or obligee in this case.
Payment Bonds
This type of bond guarantees the contractor pays all the bills related to the construction project. These bills include labor, materials and subcontractors
Performance Bond
A performance bond protects the obligee if the contractor fails to carry out their obligations under the bonded contract case.

Hear from our Customers

She quickly got my business organized. She is very knowledgeable, thorough, communicates clearly, makes great suggestions and is patient. I am very impressed by her work! Working with her is one of the best decisions I made for my company. I highly recommend her!!!

Gizelle Williams
President of Charles-Williams Construction Corp.

“Very detailed and helpful! Would highly recommend!”

Brian Kelley
VP at Canyon Construction LLC

“Paramita has great knowledge of accounting, job costing, QuickBooks, reporting, payroll and tax related issues. I highly recommend her services.”

David Yarom
Owner of Nova Studio & Apure-Southampton

“We are a Union Carpentry & Drywall company in NYC. Paramita has great knowledge of accounting, job costing, QuickBooks, reporting, payroll and tax related issues. I highly recommend her services. “

Angel Marquez
CEO-Custom Design Innovations LLC

“We have been working with Mita for over a year now. She handles our bookkeeping & tax filings. She has exceptional knowledge of complex accounting issues and knows her way around the books, no matter how much someone else messed them up! I would strongly recommend Mita and her company"

Peter Hungerford
Real Estate Investor and Developer

“Paramita is a genuine pleasure to work with. She quickly upgraded our financial reporting & operating systems, resulting in improved efficiencies. She transformed our system, helped with reporting & dramatically improved margins I totally recommend CFO for Contractor & Mita”

Raul Soto
CFO of Rivertown General Contracting

“I can't say enough about Paramita. She has helped turn me from an anxious financially unaware contractor into confident, educated one that hits goals. She’s a wiz in construction accounting I could not have chosen a better accountant & bookkeeper.”

Zulma Dela Rosa
Owner of Worldwide General Contractors Corp

Call Surety CFO for your Bookkeeping & Accounting Needs