Fractional CFO Services for the Construction Industry
Comprehensive financial management for contractors
Optimize the CFO Functions of Your Construction Company
Managing the CFO functions of construction businesses can quickly become complex—especially when expanding into multiple trades. Managing job-level reporting, Work in Progress, and monthly financial statements often grows increasingly complicated with each new trade or project type added. We specialize in implementing efficient tracking by trade or division—a task frequently daunting for many. With our expert fractional CFO services, you can gain a clear understanding of soft cost usage, which is vital for accurate project estimating and strategic business planning for your construction operation.
At Notion CFO & Advisors, We Understand the Unique CFO Functions Construction Companies Face
Work-in-Progress Accounting
Regularly prepared WIP schedules are essential for construction companies to effectively track the profitability of a project and the estimated completion costs. Incorrect WIP reporting can falsify financial reports and impact bonding capacity.
Retainage Accounting
Because many clients hold back a percentage payment until project completion, cash flow and reporting can become very convoluted. Accounting systems must track retainage separately.
Project-Based Accounting
Construction companies are continually juggling long-term contracts, job costing, change orders, and more for every project they’re involved with. Accurately tracking cost overruns, labor, materials, subcontractor costs, and more is critical—and time-consuming.
Equipment & Depreciation Accounting
Specialized depreciation schedules are required for heavy machinery and equipment. Your financial statements and tax liabilities can be affected by whether you choose to lease or buy equipment. Maintenance costs and repairs need to be properly allocated.
Our Fractional CFO Services for Construction Companies
Our approach is tailored to your specific needs, offering software implementation and support, financial reporting, and other CFO functions for contractors. We have perfected our weekly and monthly reporting methods, providing you with a robust framework for real-time financial transparency tailored especially for construction companies.
Financial Planning
Cash Flow Forecasting
Financial Reporting
Key Performance Indicator (KPI) Analysis
Controller Functions
Tax Preparation and Filing
Financial Analysis and Insight
Custom Accounting Solutions
How Construction Companies Can Benefit From Our Fractional CFO Services
Improved Profitability
Streamlined Procedures
Improved Lender Relations
Scalability
Lower Overhead Costs
Enhanced Automation
What Makes Notion CFO & Advisors Stand Out From Other Fractional CFO Firms Who Work With Construction Companies?
We Bring Big Ideas & Support Yours
Achieving financial goals often requires thinking outside of the box—and that’s where we excel. Our team of dedicated financial experts is always pushing boundaries and thinking beyond the conventional to get you more. We also listen to your ideas and collaborate with your team to bring them to life.
We’re Dedicated to Learning
We are committed to staying up to date on the latest compliance and regulation issues in the construction industry to deliver the best outcomes for your business. By sharing our expertise and empowering clients with new insights, we foster a mutually beneficial, growth-focused partnership.
We Are Dedicated To Being Proactive
We are committed to staying ahead by going the extra mile to anticipate and fulfill our client’s needs. By actively seeking opportunities to assist and support your construction business, we ensure a seamless and efficient partnership.
We’re Goal-Oriented
Our goal-driven approach keeps our team and clients on the right path toward a clear and attainable destination. Setting clear, measurable goals ensures everyone stays focused and achieves financial success for your construction company.
Fractional CFO Services for Construction Companies: FAQs
