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Mon, 07. Jun 2021.

CONSTRUCTION ACCOUNTING SERVICES

How you maintain the flow of your financial resources in a construction business is every bit as critical as monitoring the workflow on each project. In fact, you could make an argument that it’s more important, as money management enables the work schedule to continue apace.

That’s why you have to rely on a construction accountant who:

  • Gets to know your company intimately
  • Understands the fluidity of your industry and how construction accounting varies from accounting for other brick-and-mortar and service industries
  • Keeps up with government regulations that affect everything from team construction payroll and tax withholding laws to construction audits
  • Sets up internal processes to track assets moving in and out of your company to assure profitability
  • Adopts the most up-to-date and appropriate construction software for your needs
  • Stays in close contact with your staff to maintain open and regular communication, which ensures that everyone is on the same page and using best practices

Your construction certified public accountant (CPA) at Miller & Company is dedicated to exemplary customer service that goes beyond a simple construction audit at tax time.

Expect to develop a close relationship that pays off in:

  • Smoother bookkeeping processes
  • Payroll accounting that takes into account your fluid use of subcontractors and your incessant project demands
  • Unique internal controls to maximize your profits on each project with close percentage-of-completion oversight
  • Best practices to allow you to keep more of your profits and take every tax advantage available to you

THE CONSTRUCTION ACCOUNTING PERSPECTIVE

Construction professionals like you thrive in a bustling environment that demands you pay close attention to requests for proposals (RFPs), timelines, project management and completing projects to specs. Your reputation depends on keeping a close eye on the actual building process. When the fast and furious pace requires your complete attention, accounting often takes a backseat

You’re mobile, moving from project to project while working in new locations regularly. Your business is so different from other service and product-based organizations that you need a construction accountant who understands the wide range of variables involved in your business.

To keep your cost estimates on track, your construction accounting team — backed by the best construction-focused technologies available — monitors hundreds of varying cost categories on a daily basis. Some of these include:

  • Travel time
  • Material delivery to every specific jobsite
  • Equipment and tools owned, leased and moved from site to site
  • Real-time tracking at each completion phase
  • Clean-up at the end of a project
  • Ongoing labor costs that vary from project to project
  • Engineering and design overhead
  • Fixed office costs and their impact on each project
  • Consulting fees

Read more at https://www.cpafirmnyc.com/construction-accounting-services

Working Hours:
Monday – Friday: 9:00 am – 7:00 pm;
Saturday: 9:00 am – 4:00 pm,
Sunday: Closed
Payment: cash, check, credit cards.

Miller & Company CPAs: Tax Accountants
Sarasota, Florida
2831 Ringling Boulevard, #204B
Sarasota, FL 34237
(941) 366-5646
https://www.cpafirmnyc.com/accounting-firm-sarasota-fl
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