Cost Effective
Flexible Staffing
Speciallized Expertise
OHI is your premier choice for comprehensive construction accounting services provided by a skilled and dedicated construction accounting team. With over 18 years of industry expertise and 300+ employees, our construction accounting firm is known for delivering tailored solutions to construction companies across multiple states, making us the trusted construction accounting company for your financial needs.
Realize cost reductions of 40%-60%
Scale up and down based on your needs
Focus on running the business instead of managing books
Use us as full-time, part-time or on as needed basis
Access to best practices derived from 300+ businesses
Accounts Payable Invoicing
Disbursement Processing
The indicative standard charges for Accounts Payable Specialist and Construction Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Construction Accountant can provide the following accounting services- General ledger accounting, payroll, monthly closing of books, detailed monthly reporting. They have strong balance sheet knowledge including assets, liabilities, income statement, cash flow statement and common financial ratios.
Construction accounting is distinct due to its focus on project-specific accounting, revenue recognition based on project progress, job costing for tracking expenses, complex payroll and labor compliance, unique tax considerations, and the use of Work-in-Progress (WIP) schedules. These features cater to the specialized needs of the construction industry, ensuring accurate financial management. OHI specializes in construction accounting to meet these unique requirements.
At OHI, we specialize in providing a comprehensive range of construction accounting services, including project-based accounting, percentage of completion revenue recognition, job costing, payroll and labor compliance, tax planning, financial reporting, budgeting and forecasting, and audit support. Our dedicated team of experts tailors these services to the specific needs of the construction industry, ensuring accurate, compliant, and project-focused financial management solutions for our clients.
We focus on providing Construction Accounting Services with utmost accuracy and timeliness. We are able to process bookkeeping, financial closing, payroll and provide audit support activities. However, we do not perform audits and annual compilations or provide opinions on your financial statements. We can assist and coordinate these functions with your current CPA to ensure that they have the necessary information to prepare these for you.
Absolutely Not. You will actually have more control since you’ll have dedicated accountant to whom you can communicate through email, Skype, phone calls and more. Accountant will revert and work immediately to deliver accurate and up-to-date financial output. You’ll require minimum supervision and attention for bookkeeping quality control instead you can invest more time in business increase opportunities.
Your software needs are dependent upon the accounting needs of your business. It depends on volume & type of projects, annual revenue, number of suppliers & subcontractors and several other factors you want to manage through it. Our team is capable of handling variety of construction accounting software ranging from a complete construction accounting package like Timberline to a small business QuickBooks construction accounting packages.
