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Daaxit Blog

The Difference Between a Fractional CFO and a Part-time In-House CFO

The Difference Between a Fractional CFO and a Part-time In-House CFO

Many construction company leaders, real estate managers and general contractors struggle with accounting functions. They are good at what they do - build, repair, maintain things - but dealing with the numbers is challenging. The truth is all construction industry companies need someone dedicated...

Five Ways a Fractional CFO can Increase Cash Flow

Five Ways a Fractional CFO can Increase Cash Flow

Need help organizing the accounting data and reporting processes used in your construction business? You are not alone. Many managers and general contractors struggle with building a workable chart of accounts. Yet, the chart of accounts is a foundational tool from which all your financial...

Five Reasons to Hire a Fractional CFO

Five Reasons to Hire a Fractional CFO

No matter in what industry you operate, one of your organization's goals is to thrive and increase revenue. A chief financial officer (CFO) is the person making the financial operational decisions for your organization. This person handles accounting, budget, financing, and relationships with...

Do I Need a Fractional CFO?

Do I Need a Fractional CFO?

It's challenging enough to win bids and keep projects on-track and on-budget without spending extra time tracking costs and analyzing labor and overhead percentages. Add in a different supply chain challenge nearly every day and you may feel like you're just working to stay in business. It's...

Grow Your Construction Business With Professional Bookkeeping Services

Grow Your Construction Business With Professional Bookkeeping Services

Construction bookkeeping is similar to bookkeeping systems for other types of businesses. However, there is a mobile component that a traditional brick-and-mortar operation does not deal with every day - the in-the-field nature of delivering a finished product, customized to each buyer's...

Cashflow Management Strategies For Success With Daaxit

Cashflow Management Strategies For Success With Daaxit

While managing cash flow is challenging for many organizations, contractors and construction company leaders face unique obstacles to keeping cash flow on the positive side. Between clients that make slow payments and those who continuously ask for extensions, it is hard to make your own payments...

Fractional CFO Consulting for Contractors and Construction Businesses

Fractional CFO Consulting for Contractors and Construction Businesses

Small- to medium-sized construction businesses usually do plenty of sub-contracting of specialty work depending on a specific project’s needs. Without a steady flow of jobs with those special requirements, it is not cost-effective to maintain all the equipment and labor on full-time availability...