From a ($288K) loss to $1M in retained earnings in 12 months
Results at a glance
$1.29Mswing in retained earnings
5platforms implemented & integrated
10person finance team built
Snapshot
The challenge
The company was carrying a ($288K) loss. Job costs weren't tracked reliably, billing and project data lived in disconnected systems, and finance lacked the people and processes to give leadership a clear view of which jobs made money.
The approach
- Assess: Reviewed job-cost accounting, revenue recognition, billing, and time tracking to find where margin was leaking.
- Design: Built internal controls and a reporting framework around weekly project reviews.
- Implement: Rolled out 5 platforms, including Procore, GCPay, and Sage Intacct, and integrated them internally and with clients and vendors.
- Optimize: Built and mentored a 10-person team covering AP, AR, billing, HR, payroll, and project controls.
The solution
- Job-cost accounting and revenue recognition tied directly to project budgets
- Weekly project reviews that kept budgets and processes on track
- Integrated construction, billing, and accounting systems to cut re-keying and errors
- Full tax compliance across income, payroll, sales, and personal property taxes
- Monthly financial statements, budgeting, and forecasting for ownership
Results
Within twelve months the company moved from a ($288K) carried loss to $1M in retained earnings, with a finance team, system stack, and controls built to sustain it, plus clean annual audits and monthly reviews.