Outsourced Accounting Services
for Construction Companies

We provide the construction accounting expertise you need to effectively manage your business.

Accurate Bookkeeping and Accounting are essential for construction companies, just as much as project management, estimating, and field labor. Construction companies need to monitor job costs, track profit and losses for each project, manage payroll for employees, stay on top of vendor and subcontractor payments, and bill clients for each project that is in progress. This specific type of accounting is called project or construction accounting and should be overseen by experienced construction accounting professionals. They perform the daily accounting functions of data entry and record keeping to manage the financial cycles of the projects and the company.

Construction companies also need current and accurate corporate financial reports, such as balance sheets, income statements, and statements of cash flow that show the financial health and position of the company. This provides ownership and management teams the ability to make educated decisions for the direction of the company.

Bookkeeper

Performs standard financial record-keeping and data entry. 

Controller

Adds deeper experience to your company’s financial management capability.

Fractional CFO

Provides clients with strategic and financial management experience.

Outsourced Accounting Services for Construction Companies

Construction accounting is difficult due to the complexity of the industry. It often includes a high volume of financial transactions (ex: invoices, pay applications, credit card charges, change orders, payroll), multiple projects, numerous vendors and subcontractors, employees, crews, and clients. All of these require attention to guarantee that all expenses, costs, and incomes are accurately tracked. Inefficient accounting processes often cause owners to lose track of the project’s progress, fail to identify cost overruns, decrease profits, and may even impact the confidence of creditors/lenders.

Ascent’s Accounting Services division provides our clients with a dedicated team of Construction Accounting Professionals with decades of experience.  We offer full-service bookkeeping, accounting, and controller-level service packages that eliminate the need for in-house accounting staff.  Best of all, we work with your existing accounting and payroll systems – no need to make any changes to your software or systems. 

GET A FREE CONSULTATION WITH ONE OF OUR CONSTRUCTION ACCOUNTING PROS

Why Outsource?

Outsourcing construction accounting services has become increasingly popular in recent years, and it’s easy to see why. There are numerous benefits to outsourcing your accounting work to a third-party provider instead of an in-house staff or employee. Outsourcing your construction accounting can save you a significant amount of time, money, and resources.

Ascent’s professional and experienced staff are dedicated to your accounting work – they aren’t multi-tasking and ‘wearing multiple hats’ like your other employees. Our outsourced accounting staff provides better service, more accurate data and reports, helps streamline your financial processes, reduces errors, and ensures compliance. 

Additionally, our construction accounting service can provide valuable insights into your business’s financial health and help you make more informed decisions. With our expertise in construction accounting and access to the latest technology and software, outsourcing your accounting is a smart investment that can help your construction business grow and thrive.

Two Levels of Financial Services to Meet Your Needs

Ascent Consulting offers outsourced financial services that are tailored to the construction industry and focus exclusively on the client’s need for accurate and timely construction project job cost and profitability reports, and company financial statements, to use in their ongoing business operations. The team at Ascent Consulting is comprised of construction accounting experts who are ready to bring their expertise to your business.

Ascent Consulting offers two levels of outsourced accounting help for your business: Bookkeeper and Controller.

Bookkeeper

A bookkeeper performs standard financial record-keeping and data entry. A bookkeeper will typically perform the following standard tasks on a daily, weekly, and monthly basis:

 

  • Keep accurate records of financial transactions and create standard financial statements (Income Statement and Balance Sheet) using your accounting software.
  • Perform standard accounts payable (A/P) management to ensure that bills get paid and recorded into the accounting system of record.
  • Perform standard accounts receivable (A/R) management to process and send invoices to customers to get paid, usually once a month.
  • Perform standard payroll (P/R) management to track and log labor hours for hourly and/or salaried employees, usually weekly or bi-monthly.

Controller

A controller adds deeper experience to your company’s financial management capability. A controller will typically perform the following tasks on a daily, weekly, and monthly basis:

 

  • Perform all the functions of a bookkeeper or supervise/manage the staff that does.
  • Create customized financial reports, Work in Progress reports, or job cost reports to meet the specific needs of your business.
  • Manage company cash flow with direct input from the business owner or financial leadership team.
  • Record depreciation, accruals, and prepaid expenses.
  • Oversee and update annual operating budgets.

 

We understand that while you may be an expert in how to run your construction company, you may not want or need to be an expert in construction accounting. In this case, we are here to help.

If you’re looking to add some bookkeeping and accounting experience to your team, augment your current accounting team, or are ready to outsource your accounting entirely, Ascent Consulting can work with you to find the best solution for your accounting needs.

Contact us today to learn more about our offerings.

We provide accounting service packages that are tailored to the needs of companies in the construction industry, such as detailed accounts payable and receivable tracking, payroll management, fixed asset management, project financial reporting, and company financial statement preparation. With our expertise in construction accounting, you can be confident your finances are being managed by professionals.

We look forward to hearing from you and helping you reach your goals.

Schedule a free consultation
with one of our construction
accounting experts today!

Get in touch with us today to start the conversation on how we can provide outsourced financial services for your business.

Software Agnostic

Our lack of bias towards any particular software makes us a strategic, agile, and reliable choice.  These are some of the systems we are familiar with, and our knowledgeable team can quickly learn and work with any systems you might be using.

Financial Services

CFO Strategies

Consulting Services

Benefits

To learn more about our Financial Services,
book a free consultation today.

Rhonda Hudson

Construction Accountant

Rhonda has three decades of diverse Controller experience that spans various aspects of construction, including manufacturing, mechanical, electrical, flooring, and residential building contracting. Rhonda has an Associate’s Degree in Accounting and has consistently demonstrated expertise in optimizing operational efficiencies, tracking financial performance, conducting annual audits, and building a process around the monthly close process.

In addition to her accounting work, Rhonda has a broad proficiency in a wide range of accounting software platforms and has a knack for adapting to new technologies swiftly. She has facilitated smooth transitions during software migrations and provided system training to numerous companies.

Bridgit Lawhead

Marketing Project Manager

Bridgit is a Marketing Project Manager, bringing a proven track record of managing accounts and marketing for diverse industries. Prior to joining Ascent Consulting, she was a Marketing Strategist for a small marketing agency that focused on transforming financial advisors’ businesses. Working with Marketing, Sales, and Upper Management to ensure strategic performance and management of tasks to appropriate team members, Bridgit helps manage the planning, development, design, execution, monitoring, and completion of all of our client marketing projects. 
 
Bridgit holds a Bachelor’s Degree in Speech Communication, with an emphasis in Public Relations from Valdosta State University. 

Kellie Barber

Office Manager

With a career spanning over 25 years in both the public and private sectors, Kellie stands as a seasoned professional and a valuable asset to our Ascent team. A dedicated, results-driven individual, Kellie brings a wealth of experience to the organization.

She is no stranger to the world of construction and has a comprehensive understanding from both the project management and engineering perspective.  Kellie has a keen eye for detail and a commitment to delivering excellence.

Nazia Hasnain

Project Coordinator

Nazia joined Ascent in the role of a project coordinator. Before joining Ascent, she served as a Web Project Coordinator.

With a rich background of 5 years of experience in the digital realm, she has been at the forefront of coordinating and managing web projects from concept to launch. With a blend of technical expertise and project management skills, she is dedicated to contributing to the success of diverse projects to ensure that projects not only meet but exceed expectations.

Gary Johnson

Consultant

Gary grew up working summers from 7th grade through graduating college for a large plumbing and process piping contractor in Mobile, AL. After graduating from Auburn University with a BS in Computer Engineering, Gary spent the next 16 years working in the industrial automation industry with The Foxboro Company and the ERP software solutions space with JD Edwards.  

The 7 years with JD Edwards were primarily focused on the construction business, providing ERP software solutions to both large general contractors and large homebuilders. In 2003 Gary acquired a small residential plumbing contracting business in Pace, FL.  Over the next 17 years, Gary grew this business to three physical locations and more than 130 employees, performing commercial and residential plumbing projects in Florida, Alabama and Mississippi. 

In 2020, Gary sold the business and continued to work for the company on a consulting basis for 2 more years. The unusual background, including providing construction industry ERP software solutions as well as nearly 20 years acquiring, growing, operating and ultimately selling a large subcontracting business, gives Gary a unique perspective on the operations of a construction company. Gary holds master plumbing and gas fitter licenses in Florida, Alabama and Mississippi.

Stephen Crawford

Project Coordinator

Stephen possesses nearly a decade of extensive financial, operational, and leadership expertise spanning diverse professional sectors, primarily centered on construction, development, and construction management. Before joining Ascent Consulting, he spent five years as a CPA at Ernst & Young. He then made significant contributions to an electrical construction company in an internal consulting capacity. Subsequently, he pursued multiple freelance roles, including a pivotal position as a Fractional Chief Transformation Officer (CTO).

Throughout his career, Stephen adeptly guided companies through various rapid growth phases, overseeing crucial financial matters, driving strategic growth initiatives, and managing back-office functions. He holds a BBA in Accounting and a Master of Accountancy from The University of Georgia.

Zachary Hickman

Project Coordinator

Zachary brings 10+ years of project management experience as an owners representative for clients and from the developer side of the business.

He began his career as an assistant project manager with a masonry subcontractor in Florida, before moving to Atlanta.

Daphene Koch

Consultant

Daphene’s construction experience began working in her family’s mechanical construction company.

Next, she worked for a large EPC firm on projects in Texas and Malaysia. With over 15 years of construction industry experience on commercial and industrial projects. Her roles have included project manager, safety manager, construction services leader, and pipefitters helper.

While a professor at Purdue University in the School of Construction Management, she worked as a consultant to help construction companies improve processes, project management, workforce development to name a few. She has a BS, MS, and PhD from Purdue University and resides in Indiana.

Hakeem Slaughter

Marketing Coordinator

Hakeem is a brand designer with over 10 years of experience. He has been a freelancer for about 9 years working with many different clients and industries under the following subjects: brand design, graphic design, web design, and social media marketing.

 

During that time freelancing, he also worked at many companies as a graphic and web designer. As well as taught disciplines of Art and Design to students varying from middle school age to college. As mentioned, he has a “jack of all trades” range but is quite proficient at WordPress and uses that knowledge to design cutting edge websites!

 

Hakeem specializes in branding, design, and creativity and is bringing his talents, skills, and passion to take Ascent Consulting to a new level!

Aimee Collier

Project Coordinator

Aimee joins Ascent as a Project Coordinator supporting our Senior and Procore Consultants. With construction industry experience both in-field and back-of-house (ranging from project site coordination to contract management to software administration), she brings a holistic perspective of the day-to-day challenges faced by our clients. Her varied professional roles include software implementation and training, technical content creation and design, and coordinating across teams to bring projects to successful completion. She is excited to direct her passion for people and processes toward our customers.