Controller Services
Why You need a Controlle to scale
Scaling Your Business: Financial Strategies for Growth
- Avoiding Common Pitfalls
- We provides insights into managing the financial challenges that come with business growth, including securing funding, managing increased expenses, and maintaining profitability during expansion.
Growing businesses need expert financial guidance.
Tax Planning and Optimization
- Lets discuss how CEOs Can Optimize Your Business’s Tax Position
- We provide actionable insights into effective tax planning and strategies for minimizing tax liabilities while ensuring compliance.
Tax optimization is a critical area for most businesses. We offer expertise in this area for smart business owners to reduce their tax burden and increase profitability.
Cash Flow Optimization for Small and Medium Enterprises pic: :
- We explore and teach small and medium-sized businesses how to optimize their cash flow, including techniques for reducing expenses, improving receivables, and managing debt.
Cash flow is a critical issue for any business. We offer practical solutions to common cash flow challenges.
Custom Dashboards to track KPIs.
Set Clear Goals and Tracking system is essencial, together we will create a dashboard when user in your company see the most relevant KPIs and data for Finance and Accounting.
Lucy Whitaker
RealNet Accounting Bilingual Controller and CFO
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
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.
PROPERTY ACCOUNTING SERVICES SAVE TIME AND MONEY
Call us today for a free consultation
If you are looking for a Property Accountant, CFO or Controller for a Development or Commercial Brokerage we are here to help
Call us Today!
Do you know how COST SEGREGATION could save you thousand of Dollars?
Call to learn more
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