Your Construction Accounting Experts

While you focus on designing, developing, renovating, and installing . . .

‍RedHammer takes care of your Accounting

Our Process

Why Companies Choose
RedHammer

Get a Quote Today

Custom Fit For Your Business

We Utilize Your Software

Dedicated Accounting Team

Construction Software Experts

We Reduce Errors & Simplify

Your Construction Accounting Experts

You get to focus on designing, developing, renovating, and installing in the field,
while RedHammer takes care of your Accounting

Our Process

Hawaii | New YoRK | Arizona

Why Companies Use RedHammer

Access to Capital

Unable to get a Line of Credit or Bonding
Financial Reports Never On Time
Financial Information Inaccurate or Incomplete

Access to Capital

Unable to get a Line of Credit or Bonding
Financial Reports Never On Time
Financial Information Inaccurate or Incomplete

Effective Bidding

Unable to get a Line of Credit or Bonding
Financial Reports Never On Time
Financial Information Inaccurate or Incomplete

OUr Value

What RedHammer Can Do For You

Construction Accounting Experts

Construction Focused | From general contractors and specialty subcontractors, to architects and engineering firms the construction industry is our domain. Our construction accounting experts are here to guide you to financial success.

Banking & Bonding | Since we work very closely with banks and bonding companies, we are familiar with their requirements. Our experts can guide you through the line of credit and bonding application requirements and processes.

Dedicated Accounting Team

Personal Touch | Unlike other outsourced accounting companies, our team spends time with you at your office, ensuring we know your operations, needs and expectations.

Dedicated Team | When you partner with RedHammer, you are assigned a dedicated team: A Consultant who works with you and your staff weekly to handle the day-to-day tasks and ensure everything is flowing properly; An Accountant who works hard to make sure you get accurate financial reports; and a Manager to oversee the team and ensure you understand the meaning behind the numbers.

Task & Document Management

Workflow | Our proprietary task and document management solution that schedules all the tasks and collected documents. This ensures all filings are done on time and that nothing falls through the cracks.

Dashboard | Our integrated dashboard allows us to manage our work on behalf of you to ensure timeliness.

Dedicated Customer Portal | Each customer is given access to their own secure web portal for visibility and control of their documents and reports.

Financial Software Experts

Your Software | Whether you are on Quickbooks, Sage, Foundation or another financial software platform, we spend the time to optimize your financial software system and clean up your data to meet industry best practices.

No Spreadsheets | While spreadsheets have their place, they can be problematic. Large efficiencies are gained by reporting directly from your system.. With our HammerPrints Reporting Technology, there is no double entry, while speed and accuracy are improved.

OUr Services

RedHammer Service Offerings

RedHammer is more than an accounting firm. Our skilled team works by your side to go beyond spreadsheets and simple recommendations so that we can understand your most pressing challenges and needs. RedHammer’s expertise is broad, spanning the finance and accounting sector in both public and private capacities. Our range of services also includes operational advise to improve the efficiency of your organization and its people, processes, and systems.

Outsourced
Accounting

Full-Service Outsourced Accounting and Bookkeeping Services

Learn More

Systems
Implementation

Financial Software Implementation & Clean-up Specialists

Learn More

controllership & Accounting

Financial Software Implementation & Clean-up Specialists

Learn More

Fractional
CFO

Experienced CFOs to Overcome Challenges and Achieve Growth

Learn More

Working Capital & M&A Solutions

Experts to Assist in Capital Requirements, Mergers & Acquisitions

Learn More

OUr Services

RedHammer Service Offerings

System
Implementations

- Software Implementations
- System Optimization
- Third-Party Integration
- Software Selections

Learn More

Construction Accounting

- Bookkeeping & Reconciliations
- Job Cost & WIP Reporting
Monthly Financial Reporting
- Payroll Processing
- Budget & Forecasting

Learn More

Core Service

Advanced
Accounting Services

- Mergers & Acquisitions
-Capital Advisory
- Fractional CFO
- Business Process Redesign

Learn More

"Anyone Can Give Advice...

We Get Our Hands Dirty."

Does Your Company Face These Challenges?

Financial Reports Never On Time

Staff Unable to Perform Responsibilities

Unable to Make Key Business Decisions

Financial Information Inaccurate or Incomplete

Complex Accounting Is Challenging Resources

Lack of Accounting Automation & Technology

Stuck in the Day-to-Day Details & Operations

Unable to get a Line of Credit or Bonding

Let Redhammer Hammer Out the Day-to-Day Accounting Tasks So You Can Focus on Construction

Cost Control

Now that you have the work, you need to make sure you make money

Review your job cost reports against budget for possible change orders and to keep billings ahead of costs
Update your Estimated Costs at Completion (ECAC) to track profit gain and fade
Monitor overhead costs

Accurate & Timely Reporting

Now that you have the work, you need to make sure you make money

Review your job cost reports against budget for possible change orders and to keep billings ahead of costs
Update your Estimated Costs at Completion (ECAC) to track profit gain and fade
Monitor overhead costs

Access to Capital

Your line of credit and bonding capacity are essential to growing your business.

Produce accurate and timely financial statements including your WIP
Work with your banks and bonding companies to answer any questions they may have
Work with your CPA to complete your compilation, review or audit

Effective Bidding

Make sure you have the right information to get profitable work

Update your taxes, fringes, indirect costs, overhead, etc. to know your fully loaded labor costs
12 month forecasts so you know your workload and overhead rates
Review your completed jobs to capture the data to improve future bids

OUr Process

RedHammer Outsourced Accounting

It's as easy as 1, 2, 3

Accounting and financial reporting can become overwhelming in the construction industry. Transaction volume, job coding, manual reporting, and other tasks can be very time consuming, and, if done incorrectly, can dramatically impact your profitability and growth. If your financials are done incorrectly it could hinder your profitability, making it more difficult to get financing or bonding.

Our outsourced accounting solution allows you to focus on building, while we Hammer Out the accounting.

Here is How We Do It!

1. Onboard

Implement

At RedHammer, we understand the importance of establishing a baseline for future success. Regardless of what financial software system you use, our team of accounting experts will review and optimize your system and processes.

Information Gathering

Financial Data Clean-up

Business Process Review

Software System Setup

Learn More

2. Maintain

Maintain

Once the RedHammer Teams stabilizes your financial software, we work directly with your employees to manage, execute, and maintain your ongoing accounting and financial activities. We become a member of your team!

Day-to-Day Activities

3. Enhance

Enhance

Scaling a business to maximize cash flow and profitability can be a daunting task. The RedHammer Team will help your company develop and execute a strategy to help you meet your short and long-term organizational vision and goals.

Process Improvement

Software Implementations

Strategic Planning

Budgeting & Forecasting

Learn More

OUr Process

RedHammer Outsourced Accounting

It's as easy as 1, 2, 3

Accounting and financial reporting can become overwhelming in the construction industry.Transaction volume, job coding, manual reporting, and other tasks can be very time consuming, and, if done incorrectly, can dramatically impact your profitability and growth. If your financials are done incorrectly it could hinder your profitability, making it more difficult to get financing or bonding

Our outsourced accounting solution allows you to focus on building, while we Hammer Out the accounting.

Here is How We Do It!

Implement

Learn More

Building a Foundation

Whether your company is managing your financials in a spreadsheet or with a financial solution, such as Quickbooks or Sage, the RedHammer Implementation team will review your current system and processes to understand your business best. We will then devise a plan and work with your team to implement the new financial solution, which will serve as a foundation for your future accounting and reporting needs.

Information Gathering

Process Review

Data Cleanup

Financial System Setup

Process Review

Understanding Your Processes & Procedures

Our team reviews your back-office processes and procedures to ensure proper controls are in place, and to identify opportunities for streamlining operations. We commonly review:

Accounts Payable Processes
Accounts Receivable Processes
Job Cost & Work in Progress (WIP) Reporting
Segregation of Duties and Approvals
Reconciliation Procedures & Accuracy

Information Gathering

Understanding Your Business

Our first step in the implementation process is to gather all relevant business related documents and review them thoroughly with you. We commonly review:

Bank Statements
Financial Statements
Fixed Assets and Depreciation Schedules
Job Reports
Payroll Fillings

Data Cleanup

Resetting Your Baseline

In order to design and implement new accounting practices we must establish a solid foundation, which is why the RedHammer team will work with you to clean up the data in your financial system. The cleanup includes reviewing and reconciling the general ledger and other financial modules to ensure accurate financial reporting.

Financial System Setup

Maximizing Technology

Having a stable and consistent financial solution to support your business is critical to your financial success. At RedHammer we re-implement your financial solution to maximize software & industry best practices. We work with you on the following:

Software Hosting
Minimize Licensing Costs
Establish 3rd Party Integrations
Implement HammerPrints Reporting Solution

Information Gathering

Understanding Your Business

Our first step in the implementation process is to gather all relevant business related documents and review them thoroughly with you. We commonly review:

Bank Statements
Financial Statements
Loans
Fixed Assets and Depreciation Schedules
Job Reports
Payroll Fillings

Process Review

Understanding Your Processes & Procedures

Our team reviews your back-office processes and procedures to ensure proper controls are in place, and to identify opportunities for streamlining operations. We commonly review:

Accounts Payable Processes
Accounts Receivable Processes
Purchasing
Job Cost & Work in Progress (WIP) Reporting
Segregation of Duties and Approvals
Reconciliation Procedures & Accuracy

Data Cleanup

Fresh Start

Review & Reconcile General Ledger
Review & Reconcile Accounts Payable
Review & Reconcile Accounts Receivable
Validate Fixed Assets & Depreciation Schedules
Review & Reconcile Payroll & Tax Filings

Financial System Setup

Maximizing Technology

Having a stable and consistent financial solution to support your business is critical to your financial success. At RedHammer we optimize your financial solution to maximize software & industry best practices. We work with you on the following:

Host Financial Software
Minimize Licensing Costs
Establish 3rd Party Integrations
Implement HammerPrints Reporting Solution
AP Workflow & Approval Routings

Maintain

Learn More

Strengthening Your Structure

Once we establish a foundation, RedHammer works with your team to manage the daily and periodic accounting tasks. Our consultants work directly with your employees to gather financial information and manage day-to-day tasks. Using state-of-the-art technology, we ensure our Accounting Experts have timely and complete information so they can produce accurate information quickly. RedHammer provides you peace of mind so that you can focus on your company's core competencies and have the information to better manage your business.

We Provide Peace of Mind

Our accounting experts will take responsibility for entering your accounting transactions. We will maintain complete and up-to-date accounts receivable, accounts payable, payroll, and cash account ledgers, and provide weekly reports on these and other critical areas to the business leaders.

Daily General Ledger Maintenance
Accounts Payable
Accounts Receivables
Payroll Processing
Expense Classification

Job Cost Estimates
Job Cost Classifications
Bank Reconciliations
Credit Card Reconciliations
Fixed Assets Depreciation

Accurate & Timely With Confidence

Whether you are looking for a line of credit from your bank, or need a new bond for your upcoming construction project, your company's financial health serves as a basis to determine financial risk. Having accurate and timely financial reporting is fundamental to managing your business.

At RedHammer, we use our HammerPrints reporting solution, in conjunction with your financial software, to generate accurate financial reports in a timely manner.

Balance Sheet
Profit & Loss Statement
Cash Flow Statement

Cash Flow Projections
Accounts Payable Aging
Work In Progress (WIP)

Maximizing Visability

In the construction industry, accurate job cost reporting can make or break a company. If not done timely or accurately, it can greatly impact your company’s profitability, as well as your ability to access capital or surety bonds.

We understand the importance of this at RedHammer, which is why all of our consultants and accountants are job cost experts. We not only focus on accurately imputing data into your financial software, but through our HammerPrints reporting solution, we can quickly and accurately report on a job’s progress and financial viability

Job Cost Reports

Track hours & units
Enter indirect cost allocations
Enter & manage change orders
Update estimated cost at completion amounts
Monitor budgets for cost codes
Track percentage of completion
Track billings and receivables
Gain/Fade analysis
Budget/Estimate/Actual Comparison

We Maintain & Manage Your Financial Systems

It can be very difficult and time-consuming to configure and maintain a financial software. It oftentimes requires someone with a technical background to execute such functions. At RedHammer, we are financial software experts. While you focus on managing and growing your business, our staff will maintain your system. With our hosting solution, we take care of the servers, backups, licensing, upgrades, and patches, letting you focus on leveraging the value of your systems, instead of making sure they work!

Reconcile Modules to General Ledger
Add Bank Account
Add GL Account
Archive Transactions
Close Periods

Setup Control Accounts
Clear Out Suspense Accounts
Update Pay Rates
Update Tax Rates
Update Fixed Assets

We Take Care of Your Day-to-Day Routine Activities

The construction industry is very transaction intensive. Falling behind on entering and coding financial transactions could result in significantly delaying your financial reports. We understand this burden ,which is why our consultants and accounts take care of your Day-to-Day transactions for you.

Correct a Payroll Check
Complete Credit Line Renewal Forms
Adjust Customer Billing
Enter Change Orders
1099's & W2's

Move Material Costs to a Different Job
Research Uncleared Check
Research Credit Card Charge
Re-code Expenses
Sales, Use, & Excise Taxes

Enhance

Learn More

$600M+ in Client Revenue

10,000+ AP Monthly Invoices

500+ Weekly Job Cost Reports

OUR ACCOUNTING Services

RedHammer Outsourced Accounting Services

Whether you are trying to grow your business, augment your team, or simply improve your financial viability, RedHammer has a solution for you. We only provide the services you need, and because of our flexible contracts, you can add or remove services at any time. Our construction accounting experts do a deep dive into your business to best understand your pain points and needs. Our final deliverable is a custom quote fitting your business needs.

Get A Quote Today

Accounts Payable

Monthly AP Aging Review

Enter Invoices

PO Matching

Vendor Statement Reconciliation

Code Invoices

Subcontractor Compliance

Enter ACH Payments

Review AP Approval System

Accounts Receivable

Monthly AR Aging Review

Record Desposits

Enter Customer Payments

Create Invoices

Complete Billing Packet

Scan Deposit Information

Take Deposits to Bank

Job Cost

Monthly Job Cost Meetings

WIP Adjustment Entries

Job Cost Reports

Enter Cost Estimates

Enter Contracts & Change Order Information

Setup New Jobs

Payroll

Process Payroll

Process Tax Filings & Deposits

Union Reports

Payroll Time Entry

Third Party Integration

Benefit Enrollment

Reconcile Payroll Taxes

Certified Payroll Reports

401K Processing

Cash Management

Reconcile Bank Accounts

Reconcile Credit Cards

Reconcile Loans

Reconcile Investments

Cash Forecasting

Fixed Assets

Record Depreciation

Calculate Depreciation Schedule

Update Equipment Maintenance

Provide Asset Updates

General Ledger

Prepaid Entries

Indirect Cost Allocations

Intercompany Reconciliations

Record Inventory

Coordinate with CPA on Provisions for Income Taxes

Tax Compliance

Calculate and process payment for General Excise Tax

Coordinate with CPA on Estimated Tax determination

Process Estimated Tax payments electronically

Calculate and process payment for Sales Tax

Financial Reporting

Generate and Review Monthly/ Quarterly Financial Reports

Generate Monthly/Quarterly WIP

Quarterly Budget Updates

Month-End Process

Close Period

Reconcile AP to GL

Reconcile AR to GL

Reconcile Cash to GL

Reconcile Payroll to GL

Reconcile Job Cost to GL

Year-End Process

Generate 1099s

Generate W-2s

Coordinate with CPA to Complete Review and Tax Filings

Year-End Close

System Support

End-User Training

End-User Support

Configuration Updates & Maintenance

Report Writing & Updates

Pricing

RedHammer Outsourced Accounting Packages

Get A Quote Today

Starting From

$1,499*

per month + Implementation*

Accounts Payable

Accounts Receivable

Cash Management

Fixed Assets

Payroll

Job Cost

General Ledger

Tax Compliance

Financial Reporting

Month-End Process

Year-End Process

Basic

Starting From**

Basic

per month + Implementation*

Pricing

RedHammer Outsourced Accounting Packages

Get A Quote Today

Starting From

$1,499*

per month + Implementation*

Accounts Payable

Monthly AP Aging
Enter ACH Payments
Enter Invoices
Vendor Stmt Recon
Code Admin Invoices
Scan Invoices
Approval Review AP
Subcontractor Compliance

Accounts Receivable

Monthly AR Aging
Record Deposits
Enter Payments
Add Invoices

Cash Management

Reconcile Bank Acnts
Reconcile Credit Cards
Reconcile Loans
Cash Forecasting

Fixed Assets

Record Depreciation
Calculate Depreciation

Payroll

Third Party Integration
Reconcile Payroll Taxes
Certified Payroll Rpts
Process Payroll
Payroll Tax Filings
Setup New Employees
Union Reports
Payroll Time Entry
401K Processing
Benefit Enrollment

Job Cost

Monthly Job Cost Meetings
WIP Adjustment Entries
Job Cost Reports
Enter Cost Estimates
Enter Contracts & Change Orders
Setup New Jobs

General Ledger

Prepaid Entries
Indirect Cost Alloc.
Intercompany Recon
Record Inventory

Tax Compliance

Calculate & Process Local Taxes
Coordinate Est. Tax with External CPA
Process Estimated Tax Payments

Financial Reporting

Generate & Review Qtrly Financial Rpts
Generate & Review Mthly Financial Rpts
Generate Qtrly WIP
Generate Monthly WIP
Qtrly Budget Updates

Month-End Process

Close Period
Reconcile AP to GL
Reconcile AR to GL
Reconcile Cash to GL
Reconcile Payroll to GL
Reconcile Job Cost to GL

Year-End Process

Year-End Close
Work w/ CPA to Complete YE Report
Generate W-2s
Generate 1099s

Award Winning Webflow Template

Our ships have completed their scan of the area and found nothing. If the Millennium Falcon went into light-speed, it'll be on the other side of the galaxy by now.

Buy Template

I actually understand and use my financials now… [and] the reports are on time, which makes my banker happy. Things are under control!

// Specialty Contractor, $5M in revenues

We have definitely earned back our fee in implementing their recommendations… and we recommend Redhammer to any construction company who wants to take their business to another level

// Specialty Contractor, $7M in revenues

RedHammer took the time to understand our business. They have helped us to see the big picture and keep us on track.

// General Contractor, $3M in revenues

We have learned a lot about our business and now feel comfortable with our financials. [RedHammer] brought a high level of professionalism to our business.

// General Contractor, $20M in revenues

RedHammer is a true business partner for us. They work with us on a one-to-one basis… I trust these guys completely!

// Specialty Contractor, $12M in revenues

Going with RedHammer is a no-brainer. We are getting our financials on time, and we get weekly job cost information. We never had this before, and we are saving money.

// Specialty Contractor, $1.5M in revenues

You guys are like my best subcontractor--I can focus more on the opportunities now and even have a better idea of how fast we can move and the risks we can take.

// Real Estate Developer $15M in revenues

Frequently Asked Questions

What is Webflow?

Our ships have completed their scan of the area and found nothing. If the Millennium Falcon went into light-speed, it'll be on the other side of the galaxy by now.

How to build a website in Webflow?

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Redhammer Corporate Headquarters

14201 N Hayden Rd Ste A1
Scottsdale, AZ 85260

Phone: (844) RED-HAMR

Regional Offices

Hawaii | Arizona | New York

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Hammer Times Newsletter

Your Construction Accounting Experts

Why Companies Choose RedHammer

Your Construction Accounting Experts

Follow Us

Follow Us

Why Companies Use RedHammer

Access to Capital

Access to Capital

Effective Bidding

OUr Value

What RedHammer Can Do For You

Construction Accounting Experts

Dedicated Accounting Team

Task & Document Management

Financial Software Experts

OUr Services

RedHammer Service Offerings

OutsourcedAccounting

SystemsImplementation

controllership & Accounting

FractionalCFO

Working Capital & M&A Solutions

OUr Services

RedHammer Service Offerings

SystemImplementations

Construction Accounting

Advanced Accounting Services

"Anyone Can Give Advice...

We Get Our Hands Dirty."

Does Your Company Face These Challenges?

Let Redhammer Hammer Out the Day-to-Day Accounting Tasks So You Can Focus on Construction

Cost Control

Accurate & Timely Reporting

Access to Capital

Effective Bidding

What we DO

OUr Process

RedHammer Outsourced Accounting

1. Onboard

Implement

2. Maintain

Maintain

3. Enhance

Enhance

OUr Process

RedHammer Outsourced Accounting

Implement

Building a Foundation

Information Gathering

Process Review

Data Cleanup

Financial System Setup

Process Review

Understanding Your Processes & Procedures

Information Gathering

Understanding Your Business

Data Cleanup

Resetting Your Baseline

Financial System Setup

Maximizing Technology

Information Gathering

Understanding Your Business

Process Review

Understanding Your Processes & Procedures

Data Cleanup

Fresh Start

Financial System Setup

Maximizing Technology

Maintain

Strengthening Your Structure

We Provide Peace of Mind

Accurate & Timely With Confidence

Maximizing Visability

We Maintain & Manage Your Financial Systems

We Take Care of Your Day-to-Day Routine Activities

Enhance

The Sky is the Limit

$600M+ in Client Revenue

Why Companies Choose
RedHammer

Outsourced
Accounting

Systems
Implementation

Fractional
CFO

System
Implementations

Advanced
Accounting Services