David Howard are specialist advisers to the construction industry and understand the complexities of running businesses in this industry. Key factors to managing a successful construction business are;
- strong cash flow management
- tight management of subcontractors and on site employees
- good time recording and cost allocation systems
- proper maintenance of CIS records
- Job costing system
- understanding profitability and maintaining margins
It is very common for construction industry businesses to lose control of costs, and for individual jobs to go off track. Accounting and book-keeping can be an afterthought with CIS reporting, Project Accounting and overall understanding of profitability becoming lost. Businesses often then start to have a firefighting mentality, taking on low margin work for necessary cash flow rather than part of a structured business plan.
We would be delighted to speak to you in further depth to help add out wealth of experience to your business. Through Xero CIS and Projects, and with integrated Cash Flow reporting we can help build extremely cost effective book-keeping and administrative systems to allow you to focus on tight project management and achieving a successful formula.
Contact Us today for a free initial consultation.