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The #1 Team Businesses Trust for Accounting and Financial Strategy
Accountants, Business Advisors, Tax Planning
Expert Accounting Services
Startup Tax Filing & Compliance Services: We know startups. Fully managed accounting services for growing entities
Why startups hire RealNet Accounting as their accounting team?
*We provide you a custom plan just for you!
*You will speack to a top Accountant or CFO
*We always provide an honest quote, not surprises.
*We are strategic thinkers, we will help you clarify and achieve your financial goals.
Do you know how COST SEGREGATION could save you thousand of Dollars on business tax?
Depreciation and Cash Flow could be your anser. Call us to lear more.
Construction Accounting
Why Construction Accounting Requires a Different Approach?
At RealNet Accounting, we recognize that construction accounting differs significantly from regular accounting. Here’s why:
1. Project-Based Focus: Construction accounting revolves around individual projects, each treated as its own cost center. Tracking labor, materials, and overhead on a project-by-project basis ensures that the financial picture is clear and accurate. Unlike regular accounting, which looks at departments or functions, we make sure your projects stay on budget and profitable.
2. Precision in Job Costing: Job costing is at the core of every construction project. Our approach ensures that every cost—from materials to labor to equipment—is allocated precisely to the right job. This level of detail helps you monitor profitability in real-time, allowing for better decision-making and project performance.
3. Revenue Recognition: In construction, recognizing revenue is more complex. RealNet Accounting helps implement percentage-of-completion accounting, ensuring that revenue reflects project progress. This contrasts with regular accounting, where revenue recognition methods are simpler and not project based.
4. Compliance and Reporting: We know construction firms face stringent compliance issues, from certified payroll to lien waivers and bonding. Our services ensure that your firm stays compliant with all local and federal regulations. Unlike general accounting, where compliance is more standardized, the construction industry requires specific attention to detail that our firm specializes in.
5. Managing Subcontractors: Handling subcontractor agreements, tracking payments, and managing change orders are critical to staying on track and within budget. RealNet streamlines this process to ensure that you maintain control over subcontractor relationships and performance.
6. Strategic Cash Flow Management: Long project timelines can make cash flow management tricky. We provide real-time cash flow projections tied to your project schedules, so you always know where your cash stands. This is essential for keeping projects moving and preventing cash shortages.
The RealNet Advantage: Strategy Meets Experience
With over two decades of experience, RealNet Accounting understands how to leverage key financial data to maximize your project’s success. Here’s what we bring to the table for construction firms:
· Increased Financial Visibility: We provide you with the financial insights needed to manage costs, track progress, and adjust courses where necessary.
· Enhanced Financial Control: Our detailed reporting allows for greater control over your finances, ensuring each project contributes positively to your bottom line.
· Compliance with Confidence: We handle construction compliance, so you don’t have to worry about costly penalties.
Strategic Approach
In construction accounting, a strategic approach means going beyond just tracking income and expenses. It involves analyzing financial data to make proactive decisions that enhance profitability, manage risks, improve cash flow, and ensure project success.
Instead of just recording costs, a strategic approach would involve:
· Forecasting future costs based on current data to avoid overruns.
· Optimizing cash flow by aligning payment schedules with project milestones.
· Ensuring compliance by proactively managing payroll and regulatory requirements.
· Monitoring project KPIs.
Your Business Partner
Take Control of Your Construction Finances Today
At RealNet Accounting, we are committed to helping construction firms gain the financial clarity they need to thrive. Let our 20 years of experience work for you, providing the strategic accounting solutions that drive project profitability, ensure compliance, and streamline operations. Contact us today
Quickbooks Online Experts near you!
We are experts in Quickbooks Online;
Why QuickBooks Online is Essential for Your Business Growth
- Automated Financial Processes: QuickBooks Online simplifies your financial management by automating invoicing, billing, and expense tracking. These streamlined processes not only save time but also eliminate costly errors, allowing you to focus on scaling your business.
- Real-Time Financial Insights: Gain 24/7 access to your financial data with QuickBooks Online. This real-time visibility empowers you to make data-driven decisions, identify growth opportunities, and respond quickly to market changes.
- Scalability to Match Your Growth: Whether you're starting small or expanding rapidly, QuickBooks Online grows with you. With features like payroll, inventory management, and detailed reporting, it’s designed to support businesses at every stage of growth.
- Collaborative Platform: Collaborate effortlessly with your team and accountant. QuickBooks Online allows multiple users to access and work on financial data simultaneously, ensuring seamless communication and enhanced financial oversight.
- Integration with Business Apps: QuickBooks Online integrates with a wide range of business tools, from CRM systems to project management apps. These integrations create a cohesive, efficient system that drives business growth.'
Why RealNet Accounting is Your Ideal Partner for Growth
- Strategic Financial Planning: At RealNet Accounting, we go beyond bookkeeping. We offer strategic financial advice, helping you interpret data, forecast performance, and create action plans that align with your long-term business goals.
- Personalized Client Service: We believe in building strong relationships with our clients. RealNet Accounting offers personalized service, delivering customized solutions that meet your specific needs and support sustainable growth.
- Expert QuickBooks Online Integration: As certified QuickBooks Online experts, RealNet Accounting ensures a smooth setup, training, and ongoing support. We optimize your financial processes, allowing you to fully leverage the platform for maximum growth.
- Proactive KPI Management: RealNet Accounting actively monitors your financial KPIs, providing timely recommendations to improve them. Our proactive approach ensures that your business remains on track to achieve its growth objectives.sta es un área de texto de formato extenso diseñado para tu contenido que podrás llenar con todas las palabras que quieras. Puedes escribir artículos, declaraciones de misión largas, políticas de la compañía, perfiles ejecutivos, premios/distinciones de la compañía, ubicaciones de las oficinas, informes para accionistas, informes técnicos, menciones en los medios y otro tipo de contenido que no cabe en un espacio más corto y sucinto.
- Construction Industry Expertise: With extensive experience in the construction industry, including successful customers like Fletcher Construction (Lucy Whitaker, CEO of RealNet Accounting) understands your unique challenges. We provide tailored accounting solutions that drive profitability and growth.
- We could help you with AI and QBO.
Key Words: AI,QuickBooks
Accountant for Construction, Controller for Construction, CFO for Construction. Near Orlando Florida
Our Partner
