Construction
Business Solutions for the Construction Industry
Construction accounting has many unique aspects that require an expert.
Being successful these days takes more than being a good contractor in your marketplace. Having the right entity established, bank support, and understanding your numbers are all necessary to maximize your operation’s effectiveness in today’s competitive environment.
Cash flow, job costing, overhead allocation, bidding procedures, bonding issues, compliance, and more, all affect your bottom line. With years of expertise gained from assisting construction companies, contractors, subcontractors, architects and engineers, DHAG professionals know the challenges of your business and provide solid and innovative solutions.
With an established client base in the construction sector, our team of professionals provides tax, accounting and construction-specific business services that allow you to focus on what really matters to you – your business.
Construction Services Offered
Whether you are starting, expanding or planning to sell your business because you are nearing retirement, we can assist you:
For the “start-up” or established construction business owner
- Bookkeeping through Convergent Accounting
- Entity selection
- Cash Flow Forecast & Projections
- Benchmarking & financial ratios
- Internal controls evaluation and recommendations
- Operational reviews and recommendations
- Retirement plan consulting through *Copper Leaf Financial
- Personal financial planning through *Copper Leaf Financial
- Succession/exit planning
- Business valuations
For the construction business owner considering retirement and exit planning
- Bookkeeping through Convergent Accounting
- Entity selection
- Cash Flow Forecast & Projections
- Benchmarking & financial ratios
- Internal controls evaluation and recommendations
- Operational reviews and recommendations
- Retirement plan consulting through *Copper Leaf Financial
- Personal financial planning through *Copper Leaf Financial
- Succession/exit planning
- Business valuations
Having the right information to understand your business’ performance is crucial.
Is the review of these key performance indicators (KPIs) and business-critical reports part of your routine?
- Profitability: labor costs, productivity, cost, and profit predictability
- Balance sheets: determine liquidity
- Cash flow reports: promote timely billing/collections
- Margin variance: compare gross margins to objectives
- Schedule variance: determine if you are behind or ahead of schedule
- Cost variance: determine if you are over or under budget
- Bid development: pending, completed, active prospects, probability of work
- Productivity: Actual versus available working days
- Safety: reportable incidents
- Client satisfaction: defects detected, repeat customers
- Monitoring the appropriate KPIs for your business and developing benchmarks will help you keep track of your financial viability, cash flow and production efficiency just to name a few.
Through Convergent Accounting, DHAG’s client accounting branch, we can automate these reports into a manageable format and show you how to effectively analyze your business in just a matter of minutes each month.
The result?
You’ll have more time to focus on your business and where you want to take it.
*Copper Leaf Financial is an affiliated and separately registered entity.
Resources
We offer an extensive library of resources for our clients and friends.
Select options on the right to view resources specific to the construction industry.
Do something wise today
Schedule a time for a free consultation.