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.

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

Get in Touch

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