Daaxit Blog
How a Fractional CFO Can Transform a Growing Construction Business
CFO Construction Specialists Construction can be a great business. The market has been non-stop even through two years of a pandemic and only shows continued growth ahead. Few things can be better than delighted customers and steady growth, and your business can continue to do both with excellent financial management. While the construction business can be fantastic, it is also very complex to...
What Does an Outsourced Controller Do?
Benefits Of An Outsourced Controller As a forward-facing construction company, you may be thinking about preparing for business growth. However, you may also be looking to resolve current financial disorganization or other issues within your company before moving forward. To accomplish this, consider hiring an expert to organize financial information, solve financial problems, and support...
How Does a CFO Add Value?
Why Use An Outsourced CFO? If you own a traditional construction company, you may wonder whether an outsourced CFO can add value to your business. After all, you may have analysts on staff who calculate costs and estimate profitability and project managers who direct, plan, and evaluate many aspects of operations. Despite this, you may still be concerned about your current or future financial...
The Difference Between a Fractional CFO and an In-House Part-time CFO
Comparing Fractional & Part-Time CFOs 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 to overseeing accounting, budgeting, and auditing...
Five Ways a Fractional CFO can Increase Cash Flow
CFO Cashflow Assistance 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 activities flow. Getting this right, putting all the expenses and revenue into the...
Five Reasons to Hire a Fractional CFO
Benefits Of Using Fractional Controller Services 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 investors. The CFO may focus on acquisitions, mergers,...
Do I Need a Fractional CFO?
Fractional CFO Consulting 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 difficult to set goals and objectives for your construction firm with these...
Grow Your Construction Business With Professional Bookkeeping Services
Professional Bookkeeping For Construction Businesses 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 blueprint. Take the cost of sales associated with...
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 on time. And, then there is the high payroll burden that must be met regardless of whether you...
Leverage the Power of ON-DEMAND Controller Services to Boost Efficiency & Profitability
Controller Services An outsourced construction industry controller is a professional financial expert who supports your current accounting team and company decision-makers. Many contractors find that hiring an external controller reduces costs while allowing your organization to improve accuracy and reporting compliance. As an independent contractors, external controllers are not salaried or...
Fractional CFO Consulting for Contractors and Construction Businesses
CFO For Contractors 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 if the business only occasionally needs specialty work. This same approach...
