Omnis has expanded to include a bookkeeping company- The Construction Bookkeepers- specifically geared toward meeting the needs of construction companies and contractors. In the construction industry, managing finances and bookkeeping can be a complex task. As a construction company, it is crucial to have accurate and up-to-date financial records to ensure the smooth operation of your projects. While many construction companies opt for in-house bookkeeping, there is a growing trend of utilizing remote construction bookkeeping services. Here are the top five reasons why your construction company should consider using a remote construction bookkeeping service:
1. Expertise in Construction Accounting:
The Construction Bookkeepers specialize in construction accounting, understanding the unique financial aspects and requirements of the industry. They are well-versed in handling complex construction-specific transactions, such as job costing, progress billing, change orders, and subcontractor management. By leveraging their expertise, you can ensure accurate financial statements and compliance with industry regulations.
According to a survey by the Construction Financial Management Association (CFMA), 75% of construction companies reported improved financial reporting accuracy after outsourcing their bookkeeping tasks to industry-specific professionals.
2. Cost-Effectiveness:
Outsourcing your construction bookkeeping tasks to a remote service can be a cost-effective solution. Hiring and training an in-house bookkeeping team can be expensive, considering salaries, benefits, and overhead costs. Remote bookkeeping services, like The Construction Bookkeepers, typically operate on a subscription or project-based model, allowing you to pay for the services you need, when you need them. This flexibility can save your construction company significant costs in the long run.
3. Scalability and Flexibility:
As your construction company grows, so does your bookkeeping workload. The Construction Bookkeepers offer scalability, allowing you to easily expand or reduce the scope of services based on your needs. Whether you have multiple ongoing projects or require temporary support during busy periods, a remote bookkeeping service can adapt to your changing requirements.
4. Focus on Core Competencies:
By outsourcing your construction bookkeeping tasks, you can focus on your core competencies, such as project management, client relationships, and business development. According to a study by Deloitte, 59% of construction companies outsource bookkeeping to enhance their focus on core business activities, leading to improved overall business performance.
5. Access to Advanced Technology and Security:
Remote construction bookkeeping services utilize advanced accounting software and technology to streamline processes and ensure data security. From cloud-based platforms to automated reporting systems, these services offer real-time access to financial information and robust data backups. This allows you to make informed decisions and maintain the privacy and integrity of your financial data.
When searching for a remote construction bookkeeping service, consider utilizing SEO keywords specific to the construction industry. Keywords like “remote construction bookkeeping,” “construction accounting services,” and “construction-specific financial management” can help you find specialized providers in this niche.
Outsourcing your construction bookkeeping tasks to a remote construction bookkeeping service can bring numerous benefits to your construction company. From industry expertise and cost-effectiveness to scalability and enhanced focus on core competencies, these services offer specialized solutions tailored to the unique needs of the construction industry. Embrace the advantages of remote construction bookkeeping and propel your construction company towards financial success.
Sources:
1. Construction Financial Management Association (CFMA): https://www.cfma.org/
2. Deloitte: https://www2.deloitte.com/global/en/pages/operations/articles/global-outsourcing-survey.html
