Outsourced Accounting

The RedHammer Engagement Process

Our 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.
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Accounts Payable

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Monthly  AP Aging Review
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Enter  Invoices
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PO  Matching
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Vendor Statement Reconciliation
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Code Invoices
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Subcontractor Compliance
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Enter ACH Payments
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Review AP Approval System
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Accounts Receivable

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Monthly AR Aging Review
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Record Desposits
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Enter Customer Payments
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Create Invoices
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Complete Billing Packet
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Scan Deposit Information
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Take Deposits to Bank
Analytics

Job Cost

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

Payroll

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Process Payroll
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Process Tax Filings & Deposits
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Union Reports
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Payroll Time Entry
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Third Party Integration
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Benefit Enrollment
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Reconcile Payroll Taxes
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Certified Payroll Reports
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401K Processing
Scale

Cash Management

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Reconcile Bank Accounts
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Reconcile Credit Cards
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Reconcile Loans
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Reconcile Investments
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Cash Forecasting
Calculator

Fixed Assets

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Record Depreciation
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Calculate Depreciation Schedule
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Update Equipment Maintenance
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Provide Asset Updates
Calculator

General Ledger

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Prepaid Entries
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Indirect Cost Allocations
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Intercompany Reconciliations
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Record Inventory
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Coordinate with CPA on Provisions for Income Taxes
Formula

Tax Compliance

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Calculate and process payment for General Excise Tax
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Coordinate with CPA on Estimated Tax determination
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Process Estimated Tax payments electronically
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Calculate and process payment for Sales Tax
Bar Chart

Financial Reporting

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Generate and Review Monthly/ Quarterly Financial Reports
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Generate Monthly/Quarterly WIP
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Quarterly Budget Updates
Sort

Month-End Process

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

Year-End Process

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Generate 1099s
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Generate W-2s
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Coordinate with CPA to Complete Review and Tax Filings
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Year-End Close
Internet

System Support

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End-User Training
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End-User Support
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Configuration Updates & Maintenance
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Report Writing & Updates

Get in Touch

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