The Blueprint for Success: Best Practices for Construction Accounting

Mismanaging construction accounting can lead to costly overruns and unexpected financial issues. In this episode, we discuss how construction companies can avoid these pitfalls by understanding the nuances of construction accounting compared to traditional methods. With insights from ProCFO Pat Balestrieri, we explore the importance of revenue recognition, cost management, and detailed job costing to maintain control over projects. We also discuss how frequent project evaluations and breaking down costs into specific categories can help your company stay on track. Plus, we explore how a fractional CFO can offer valuable guidance, ensuring your financial strategies align with long-term business goals. Whether you’re a small firm or a growing business, this conversation offers practical advice to improve your financial management. Featuring Pat Balestrieri.