The Financial Operating System for Builders Scaling to $10M
Stop flying blind. Get the high-level financial oversight of a CFO without the full-time salary.
What is a Construction Fractional Controller?
Most contractors have a bookkeeper who records history. A Fractional Controller helps you shape the future. We don't just categorize transactions; we build the financial systems that protect your margins. We partner with your existing team to provide the high-level analysis—Work in Process (WIP), Cash Flow Forecasting, and Job Profitability—that standard bookkeeping ignores.
Our Controller Services
1. WIP Reporting (Work in Process)
The Problem: You don't know if you are making money until the job is done. Our Solution: We build and maintain accurate WIP schedules that track the exact value of every project in motion.
Identify Overbilling: Know exactly how much cash is yours vs. the project's.
Prevent Profit Fade: Spot cost overruns in real-time, not months later.
Bank Ready: Give lenders the precise reports they need for lines of credit.
2. ASC 606 Revenue Recognition
The Problem: Recognizing revenue by "invoices sent" gives you a false picture of profit. Our Solution: We implement Percentage-of-Completion (POC) accounting.
Compliance: We align your books with ASC 606 standards required by sureties and banks.
Accuracy: Recognize revenue based on actual field progress, not just billing cycles.
3. 13-Week Cash Flow Forecasting
The Problem: "I have money in the bank, but I can't pay my subs." Our Solution: We build a predictive cash flow engine.
Look Ahead: We forecast payroll, material draws, and retainage payouts 13 weeks into the future.
Manage Retainage: specifically track when retainage is due so it never surprises your bank account.
4. Tech Stack Integration
The Problem: Your Project Management software (Buildertrend/Procore) doesn't match your QuickBooks. Our Solution: We act as the bridge. We ensure your cost codes in Buildertrend, Procore, or Knowify sync perfectly with your QuickBooks Online General Ledger, eliminating double-entry and data errors.
Common Questions About Our Financial Systems
What is a WIP Report and why do I need one?
A WIP (Work in Process) report is a financial tool that tracks the exact value of a project in motion. It tells you if you are "overbilled" (cash positive) or "underbilled" (funding the job yourself). We build this for you so you don't pay taxes on phantom profit or run out of cash midway through a job.
How do you handle ASC 606 compliance for home builders?
ASC 606 is the revenue recognition standard required for many contractors. Instead of recognizing revenue when you send an invoice, we help you recognize revenue based on the percentage of completion. This provides a true picture of your financial health and keeps you compliant with banks and sureties.
Can you fix my job costing if it's currently a mess?
Yes. This is our "Clean Up & Catch Up" service. We will audit your current setup in QuickBooks and your project management software (like Buildertrend), restructure your Chart of Accounts to industry standards, and recategorize past transactions so your historical data is accurate.
Does a Fractional Controller replace my current bookkeeper?
Yes! Why pay for both? We handle both. We will clean up your books and act as the strategic oversight. We review our work, close the books at month-end, and provide the high-level financial reporting that a standard bookkeeper typically isn't trained to produce.
Why is NAHB compliance important for my chart of accounts?
The National Association of Home Builders (NAHB) provides a standardized chart of accounts designed specifically for construction. Using this standard allows you to benchmark your profit margins against industry averages. If your books aren't set up this way, you can't accurately compare your performance to the market.
Do you handle construction companies outside of Utah?
Yes. While we are based in Utah, our systems are 100% cloud-based. We serve General Contractors, Custom Home Builders, and Large Subcontractors nationwide, leveraging tools like QuickBooks Online and Zoom to manage your financials seamlessly.
