How to Build Your Construction Accounting Dream Team

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Do your financial reports leave you with more questions than answers? Are you constantly wondering where your cash went, even when the work keeps coming in? Feel like you're flying blind? Contractors face some of the most complex financial challenges out there, and you need an accounting team you can rely on as you grow.

This episode explores the pros and cons of four main approaches to accounting support: hiring in-house, working with a monthly construction bookkeeper, using generalized back office services, and leveraging a team of construction-specific experts. Learn about the cost considerations, technological implications, and the overall return on investment.

This episode is perfect for contractors looking to level up their businesses with confidence that their accounting systems and supports will be able to keep up.

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Topics we cover in this episode include:

• 00:34 Celebrating Five Years of Podcasting
• 00:51 Unique Challenges in Construction Accounting
• 02:12 Building a Reliable Accounting Team
• 04:40 In-House vs. Outsourced Accounting
• 08:53 The Importance of Industry-Specific Knowledge
• 12:12 Cost Considerations and ROI
• 20:02 Technology in Construction Accounting
• 28:48 Conclusion and Free Resources

LINKS

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com