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Constructions

We understand the business challenges inherent to today’s extremely complex and constantly changing Construction environment. A financial misstep or poor business decision can have a devastating effect on your business. PABS Accounting Firm support will provide you Industry specific and Management specific Reports which assist you in the Cash Management, Financing and Strategic Business Advice you need to succeed.

Service options include

  • AR Invoicing
  • Accounts Payable
  • Payroll Support with Direct & Indirect Labor Reporting
  • Bank Reconciliation & Cash Flow analysis
  • Job Costing to Track Profitability of Various Jobs
  • Financial Reporting
  • Statistical Reporting
  • 1099
  • Sales Tax
  • Accounting Software
  • Year-End Tax, Audit & Review Support

Detail Content

AR invoicing

  • We manage detailed recording of AR invoices in Accounting Software. The invoice is recorded in detail covering all project information like Material used, Labor used, Project location, etc. which provide important information to the customer. We also manage the Process of Generating Invoice Copies in PDF and emailing/mailing to the customers along with Monthly Statements.

Accounts Payable

  • The Accounts Payable process includes Daily Invoice Processing, Monthly Vendor Statement Reconciliation, Review of Vendor Aging Reports, Payment Processing, and mailing out the check to the Vendors.

Payroll Support with Direct and Indirect Labor Reporting

  • PABS manages Timesheet Processing as well as Recording of Payroll Entries based on Payroll Service Providers Report. PABS also understands the importance of Reporting Direct and Indirect Labor Cost and Segregate Costs accordingly.

Bank Reconciliation & Cash Flow analysis

  • Beyond the daily Bank Verifications, PABS performs a Full Reconciliation of the Cash Activity for your business. PABS can provide Cash Projections so you know at any given time what to expect for Cash Flow and based on that make a decision on the various important payments.

JOB Costing to Track Profitability of Various Jobs

  • While doing routine accounting, PABS records all transactions like Accounts Payable, Accounts Receivables, Payroll Transactions and other Journal Entries by setting up different dimensions like JOBs/Project IDs. At the end of period, it becomes easier to review particular Job/Project profitability.

Financial Reporting

  • PABS prepares & submits Monthly Financial Reports like Profit & Loss Report (P&L) by JOB and Consolidated, Balance Sheet, Cash Flow Report, AP and AR Aging Reports, etc.

Statistical Reporting

  • Do you want to track any Statistical Data in your Reports? PABS Reporting can include such Statistics.

1099

  • PABS can Track & Store W-9s.
  • PABS can provide Year-end 1099 and 1096 Processing.

Sales Tax

  • PABS can include Monthly Sales Tax Processing and Filings.

Accounting Software

  • PABS uses various Accounting Software like Quickbooks, Sage-Intacct, Abila, Quickbooks Online, Xero, etc. You can pick the software of your choice based on your accounting requirements. If you would like to see Live Data in a Dashboard, PABS can provide Cloud-Based Solutions for Accounting and File Storage.

Year-end Tax, Audit,& Review Support

  • PABS provides a complete Year-End Package to your CPA reducing the effort they put into process which reduces your Cost at the same time.
  • For those clients that have significant Bank Loans, PABS can provide Full Audit and Review Support Services that meet your CPA requirements.
  • Going through an Audit? PABS complete and accurate Record Keeping has saved our clients from a lot of trouble with their IRS audit.