CompareFour
What you are choosing between.
Four honest comparisons, written for a contractor who already has somebody doing the books and is not sure what he is missing.
In short
How is this different from a CPA, a generalist CFO or an in-house hire?
A CPA files what already happened. A generalist CFO advises across industries and sends the tax work out. An in-house hire is a salary and one person’s knowledge. Construction financial management does one industry, keeps the job costing and WIP current while the jobs are open, and files in-house under an Enrolled Agent, from $75 a day.
The comparisons4
- 01Against a CPAOne looks backward and files. One looks forward and steers.
- 02Against a generalist CFOAdvice across every industry, or the mechanics of this one.
- 03Against an in-house hireA salary and a seat, or the whole money side on a day rate.
- 04Switching to usMid-year, mid-bond, mid-audit. None of it is a reason to wait.
What one seat coversSix line items
- 01Job costing & WIP schedulesCost to date, cost to complete, over and under billing, by job.
- 02Construction bookkeepingEvery dollar coded to a job, a phase and a cost code.
- 03Certified & prevailing-wage payrollWH-347 certified payroll and fringe benefit tracking.
- 04Construction tax planningFiled in-house under an Enrolled Agent.
- 05CFO advisoryCash, bonding capacity and the next hire.
- 06Exit & M&A planningWhat the company is worth, and what makes it worth more.
NextAustin, Texas
Which job loses money right now?
You cannot see the profit on a job. You must calculate it.