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Outsourced Construction Accounting
Let RedHammer take care of your Accounting
While you focus on designing, developing, renovating, and installing . . . RedHammer runs your accounting inside the software you already own, with a dedicated construction accounting team and job cost reporting that holds up with your bank and your bonding agent.
Our Value
Construction accounting experts, a dedicated team, proprietary task and document management, and deep financial software expertise. Four reasons contractors trust RedHammer with their numbers.
From general contractors and specialty subcontractors to architects and engineering firms, the construction industry is our domain. Our construction accounting experts understand the specific financial challenges you face and are dedicated to guiding you to financial success by providing tailored solutions that fit your business needs.
Since we work closely with banks and bonding companies, we have a thorough understanding of their requirements. Our experts can guide you through the line of credit and bonding application processes, ensuring that your financial statements meet necessary standards and helping you secure approvals more efficiently.
Accurate job costing and Work-In-Progress (WIP) reporting are crucial for tracking project performance. We provide real-time insights into both costs and revenues, ensuring that you can effectively manage your budgets and improve profitability across all projects.
We invest the time to understand your operations, needs, and expectations, tailoring our services to fit your specific business model. Our approach ensures your accounting is aligned with your goals and provides the support you need to succeed.
When you partner with RedHammer, you are assigned a dedicated team: A Consultant who works with you and your staff weekly to handle the day-to-day tasks and ensure everything is flowing properly; An Accountant who works hard to make sure you get accurate financial reports; and a Manager to oversee the team and ensure you understand the meaning behind the numbers.
We work alongside your staff, integrating our expertise into your existing processes. This collaborative approach makes us a natural extension of your team, helping to uncover efficiencies and improve financial outcomes.
Our proprietary task and document management system ensures all tasks are scheduled and completed on time. It helps you meet deadlines reliably, ensuring no important filings or documents are overlooked, giving you confidence that everything is under control.
Our custom work paper process provides a structured and organized approach to financial document management. This ensures that all records are accurate, easily accessible, and audit-ready at any time.
Each client has access to a secure web portal, giving visibility and control over their documents and reports. This allows 24/7 access to key financial data, promoting seamless communication and transparency.
We work directly within your existing financial software, maximizing its potential to meet your business needs. Our team ensures your current system is fine-tuned for accuracy, efficiency, and industry best practices, allowing you to get the most from your setup without needing major changes.
We specialize in cleaning up financial data and ensuring that your system is configured for optimal accuracy. This reduces errors and allows you to make confident, data-driven decisions, giving you the peace of mind that your financials are always in order.
With years of experience in construction accounting software, we understand the unique demands of the industry. Our expertise in leveraging advanced software systems ensures your job costing, WIP reporting, and overall financial management are optimized for success.
Our Construction Accounting & Software Services
RedHammer is more than an accounting firm. Our skilled team works by your side to go beyond spreadsheets and simple recommendations so that we can understand your most pressing challenges and needs.
RedHammer's expertise is broad, spanning the finance and accounting sector in both public and private capacities. Our range of services also includes operational advice to improve the efficiency of your organization and its people, processes, and systems.
Our Process
Accounting and financial reporting can become overwhelming in the construction industry. Transaction volume, job coding, manual reporting, and other tasks can be very time consuming, and, if done incorrectly, can dramatically impact your profitability and growth. If your financials are done incorrectly it could hinder your profitability, making it more difficult to get financing or bonding.
Our outsourced accounting solution allows you to focus on building, while we Hammer Out the accounting. Here is how we do it.
Implement
At RedHammer, we understand the importance of establishing a baseline for future success. Regardless of what financial software system you use, our team of accounting experts will review and optimize your system and processes.
Maintain
Once the RedHammer Team stabilizes your financial software, we work directly with your employees to manage, execute, and maintain your ongoing accounting and financial activities. We become a member of your team!
Enhance
Scaling a business to maximize cash flow and profitability can be a daunting task. The RedHammer Team will help your company develop and execute a strategy to help you meet your short and long-term organizational vision and goals.
How It Fits Together
Receivables, payables and payroll feed your job actuals. Job actuals, schedules of values and estimates drive WIP. Everything lands in a clean month-end close, accurate financials and a budget you can trust.
Our process keeps every one of those links accurate, so the reports you run on Friday match what happened in the field.
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Our Accounting Services
Whether you are trying to grow your business, augment your team, or simply improve your financial viability, RedHammer has a solution for you. We only provide the services you need, and because of our flexible contracts, you can add or remove services at any time. Our construction accounting experts do a deep dive into your business to best understand your pain points and needs. Our final deliverable is a custom quote fitting your business needs.
Client Results
I actually understand and use my financials now… [and] the reports are on time, which makes my banker happy. Things are under control!
We have definitely earned back our fee in implementing their recommendations… and we recommend Redhammer to any construction company who wants to take their business to another level
RedHammer took the time to understand our business. They have helped us to see the big picture and keep us on track.
We have learned a lot about our business and now feel comfortable with our financials. [RedHammer] brought a high level of professionalism to our business.
RedHammer is a true business partner for us. They work with us on a one-to-one basis… I trust these guys completely!
Going with RedHammer is a no-brainer. We are getting our financials on time, and we get weekly job cost information. We never had this before, and we are saving money.
You guys are like my best subcontractor--I can focus more on the opportunities now and even have a better idea of how fast we can move and the risks we can take.
FAQ
Do You Have Questions About RedHammer? Talk with a RedHammer construction accountant about your business.
Yes, "Red Hammer" is a common misspelling of our company name, which is correctly spelled as RedHammer (one word, no space). We specialize in providing accounting and consulting services for construction companies, focusing on improving financial operations, job costing, and software integration. Whether you search for "RedHammer" or "Red Hammer," you’ve come to the right place for industry-leading construction accounting services.
RedHammer specializes in comprehensive accounting and financial management services for construction companies. Our services include job costing, payroll management, accounts payable and receivable, financial reporting, cash flow forecasting, and more. We also offer remediation services for companies facing major financial or operational challenges and assist with software implementation and optimization.
Yes, we offer expert support in construction software implementation, including system selection, integration, and customization. Our team aligns the software setup with your company's specific needs, enhancing job costing, project tracking, and overall financial management.
Absolutely. RedHammer provides comprehensive remediation services for construction companies facing financial issues, whether due to poor accounting processes, system inefficiencies, or inaccurate financial reporting. We identify problem areas and implement corrective actions to restore financial stability and compliance.
Job costing is one of our core specialties. We help construction companies accurately allocate labor, materials, and overhead costs to individual projects. This ensures better financial tracking, more accurate project bids, and higher profitability. We can also optimize your software to handle job costing efficiently and integrate it with other financial tools.
Our remediation services go beyond traditional accounting. While regular accounting focuses on day-to-day financial operations, remediation addresses deep-rooted financial problems. We specialize in uncovering financial inconsistencies, streamlining processes, and improving financial controls to get your business back on track. Learn more about our Remediation Services.
We take a personalized approach, working closely with clients as an extension of their team. Our staffing model includes assigning dedicated team members aligned with your business needs and goals. We integrate seamlessly into your operations, providing ongoing support, expert insights, and hands-on assistance throughout the project lifecycle.
We streamline both accounts receivable (AR) and accounts payable (AP) by implementing best practices tailored to construction businesses. This includes retention management, progress billing, invoice processing, vendor management, and timely payment schedules, ensuring healthy cash flow and on-budget projects.
We primarily support construction companies with revenues between $5 million and $30 million. However, we also work with both smaller and larger businesses. We offer a starter program for new contractors, helping them set up solid financial and operational foundations for future growth. For larger clients ($30 million+), we provide staff augmentation services around accounts payable, payroll, lien waivers, billings, and more.
Getting started is easy. Contact us to schedule a consultation. We'll assess your current financial processes and identify opportunities for improvement. From there, we'll tailor a plan to meet your specific needs, whether it's ongoing accounting services, financial remediation, or software implementation.
RedHammer specializes in the construction industry, with deep expertise in job costing, financial reporting, and software integration. We understand the unique challenges construction companies face and provide tailored solutions to meet your specific needs. Our team is committed to helping your business run more efficiently and profitably.
RedHammer has extensive experience with industry-leading software applications tailored to construction companies, including QuickBooks Desktop, QuickBooks Online, Sage 300, CMiC, Sage 100, Foundation Software, and more. We ensure the software you use is optimized to meet your business requirements and assist with setup, configuration, and training.
No, RedHammer is not a software company. We specialize in accounting and consulting services tailored for the construction industry. While we have extensive experience with various construction software systems and assist clients with implementation and optimization, our primary focus is on improving financial operations, job costing, and overall business efficiency.
We provide detailed, accurate, and timely financial reports, including profit and loss statements, job cost reports, and work-in-progress (WIP) reports. Our goal is to give you clear visibility into your financial health, helping you make informed decisions to improve profitability and reduce risk. We maximize your software resources and supplement where the software falls short.
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