Skip to main content Skip to search
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. 

Our accounting firm support will provide you industry-specific and management specific reports which would 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 and Indirect Labor Reporting
  • Bank Reconciliation & Cash Flow analysis
  • JOB costing to track profitability of various jobs
  • Financials 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 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 checks to the Vendors.

Payroll Support with Direct and Indirect Labor Reporting

  • We manage timesheet processing as well as recording of payroll entries based on payroll service providers report. We also understand importance of reporting Direct and Indirect labor cost and segregate costs accordingly

Bank Reconciliation & Cash Flow analysis

  • Beyond the daily bank verifications, we perform a full reconciliation of the cash activity for your business. We can provide cash projections so you know at any given time what to expect for cash flow and based on that take decision of various important payments.

JOB costing to track profitability of various jobs

  • While doing routine accounting, we advise to record all transactions like Accounts Payable, Accounts Receivables, Payroll transactions and other journal entries by setting up different dimensions like JOBs/ Project IDs. So at end of period, it becomes easier to review particular Job/ Project profitability.

Financials Reporting

  • Preparing & submitting monthly financials reports like Profit & Loss report- By JOB & Consolidated, Balance Sheet, Cash flow Report, AP and AR aging reports etc.

Statistical Reporting

  • Want to track any Statistical data in your reports? PABS reporting can include such statistics.

1099

  • Track and store W-9s
  • Year-end 1099 and 1096 processing

Sales Tax

  • It includes Monthly sales tax processing and filings.

Accounting Software

  • We use various accounting software’s like QuickBooks, Sage-Intacct, Abila, QuickBooks Online, Xero etc. You can pick one out of those based on your requirements. If you would you 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 in to that process and reducing 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? Our complete and accurate record keeping has saved our clients from a lot of trouble with their IRS audit.