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Is Profit Growth Lagging Behind Compared to Your Workload?
Cash flow is the lifeblood of any business, but it’s crucially important in the capital-intensive construction industry. Construction companies don’t go out of business because of a lack of backlog; they go out of business because they run out of cash in the middle of a project. Issues like retainage, supply chain disruptions and irregular billing cycles can all contribute to cash flow challenges without sufficient oversight.
Developing and maintaining rigorous cash flow projections on at least a monthly basis is critical to a growing construction business’s success. James Moore can help you proactively manage your cash flow before problems arise.
We Excel at Helping Companies Like Yours Grow
The specialized financial reporting, income tax rules and cyclical nature of the construction business mean that it’s essential to partner with a construction CPA firm that knows your industry. There are numerous rules, requirements and regulations that are unique to construction. And to keep you up to date, we provide a comprehensive guide to construction accounting.
Bottom line, when it comes to your accounting needs, a one-size-fits-all approach simply won’t cut it. For example, a CPA that doesn’t fully understand the nuances of material price trends and the allocation of overhead will make mistakes that, over time, can cripple even the biggest construction companies. Like many aspects of construction itself, precision and expertise are essential when it comes to budgeting and accounting.
After all, your finances are the foundation of your business because they affect every other aspect—from day-to-day operations to future plans for growth and transition. If you build on a weak foundation, your future plans may come crumbling down.
Construction Success Stories
Ready to see how our construction accounting and consulting services can help build your success?
Check out our case studies to see how we’ve guided construction companies with tailored solutions, from financial management to strategic planning.
Construction Accounting Solutions & Services
We provide construction solutions tailored to enhance financial oversight, improve operational workflows, and support project success from planning through completion. These include:
- Assurance
- Income Tax Planning & Compliance
- Fractional CFO Services
- Outsourced Accounting
- Quickbooks & Accounting Support
- Bonding & Surety Support
- HR Solutions
- Transition Planning
- Technology Solution