Professional Audit of Construction Company, Construction Bookkeeping, Preparation for Construction Bond Requirements in Austin, Dallas, San Antonio, Fort Worth, Plano, Houston, TX, and Surrounding Areas
Construction Bookkeeping & Audits
The construction industry is highly competitive, and contractors face various financial and reporting challenges. As a contractor, your ability to secure surety bonds is critical to acquiring new work. You also need to identify and eliminate unnecessary expenses while allocating your resources efficiently across multiple projects.
At the S|CPA Group (Formerly Scarborough, Trlica & Wood) – A Member of the S|CPA Network, we offer construction bookkeeping and auditing solutions to help you mitigate risks and maintain the highest profitability. Our team of certified public accountants is on top of auditing changes for the construction industry. We will provide you with all the educational materials and advice to make informed financial decisions.
As your bookkeeper, we will actively manage and oversee your company’s financial records and accounting practices, ensuring accurate revenue recognition and the lowest possible tax obligation.
Our bookkeeping solutions include:
- Overseeing all transactions, including bank reconciliations, credit card transactions, accounts payable, and accounts receivable
- Collaborating with the project manager or general contractor to accurately forecast the cost, budget, and timeline of each project
- Performing data entry, ensuring the accurate capturing of all financial data
- Processing invoices and payroll accurately, preventing invoicing issues
- Ensuring the accuracy of all journal entries and the general ledger
Audit of Construction Company
Providing timely financial statement audits and reviews to qualify contractors for performance bonds is integral to our service offering. With over a decade of experience as business consultants, tax advisors, and certified public accountants, we have the necessary expertise to help your business obtain surety bonds and secure more projects.
An audit is the highest level of financial statement presentation to sureties and offers a reasonable assurance that your statements don’t contain material misstatements. We can also provide you with a financial statement review, which provides limited assurance and meets the requirements of some surety bonds and lenders.
With our financial statement compilation service, we put financial data that management generated in-house into a GAAP format for internal use. A financial statement compilation offers no assurance but is the most affordable option.
At the S|CPA Group, we will go to great lengths to ensure that our auditing and accounting solutions enable you to make informed and calculated financial decisions. Whether you want to establish sound financial management or acquire more work through surety bonds, we can help.
We service contractors throughout Austin, Dallas, Fort Worth, Plano, San Antonio, Central Texas, and the surrounding areas. Contact us today to schedule a consultation.