Mike Goettsche Earns the Certified Construction Industry Financial Professional (CCIFP) Designation

construction accounting

MANAGEMENT TOOLS TO BUILD BUSINESS

Construction accounting requires industry specific knowledge that not every accountant has. With over 50 years of service to the construction industry, our construction industry team provides you with construction specific experience in services to meet your needs. We serve clients from start-up to 3rd generation businesses, including general and subcontractors in the following fields:

  • General building
  • Electrical
  • Specialty trade
  • Heavy machinery
  • Highway construction
  • Home builders
  • Mechanical
  • Plumbing and HVAC

 

SERVICES FOR CONSTRUCTION BUSINESSES

 

Job Costing Analysis

  • Make sure your estimators have the tools they need to produce accurate, profitable bids.

Public Works Assistance

  • Navigating state licensing laws can be tricky, we can help.

Bonding Assistance

  • Many insurance companies look at a business’s relationship with their CPA to decide if you can be bonded, what does your insurance company think of your CPA?

Cash Flow Management

  • Cash flow issues are common in the construction industry, we can help provide the tools to analyze cash needs and help you know you will make payroll.

Tax Planning and Preparation

  • There are many ways to account for construction contracts, using the wrong one can result in an interest free loan to Uncle Sam.

Audit and Assurance Services

  • As your company grows, so will the level of service your bank and bonding company may require. We can help with anything from a compiled to an audited financial statements.

Multi-State Tax Issues

  • Sometimes your contracts can take you outside of your home state. We have dedicated professionals that analyze tax laws in every state.

Business Transition Planning

COOPER NORMAN MAY 2024 CONSTRUCTION ECONOMIC NEWLETTER

What is Due Diligence in Accounting?

What is Due Diligence in Accounting?

Before conducting a major business transaction, such as an investment, it is essential to thoroughly examine financial records and verify information to ensure everything is correct. This process is known as due diligence, and it protects both parties from potential...

read more
Construction Accounting: What is a WIP Report?

Construction Accounting: What is a WIP Report?

There is an art to being able to efficiently run an advanced construction business. Between securing construction jobs, ordering materials, organizing revenue and expenses, and managing different teams - construction businesses have a lot on their plate. As with any...

read more
Construction Accounting GAAP

Construction Accounting GAAP

Throughout the construction business, there are certain accounting practices that are used in order to keep accurate financial records in this complex industry. Generally Accepted Accounting Principles (GAAP) for construction accounting is a framework for...

read more
What is Client Accounting Services (CAS)?

What is Client Accounting Services (CAS)?

Managing your finances is arguably the most important aspect of running any business. The delicate balance of expenses versus revenue, and keeping a positive cash flow, can be particularly difficult to maintain. There is no doubt that having meticulous accounting...

read more
How to Measure the Financial Health of Your Business

How to Measure the Financial Health of Your Business

Whether you’re an owner, investor, or just someone with a stake in a company’s future, understanding how to measure the financial health of your business is essential. It’s like checking the pulse of a company—making sure it's thriving and on the right track. But how...

read more
How Does a Bookkeeper Help a Nonprofit?

How Does a Bookkeeper Help a Nonprofit?

Running a nonprofit organization is all about doing good and making a difference in the community. But behind the scenes, there's a lot of work that goes into keeping things running smoothly—especially when it comes to managing the finances. That's where a bookkeeper...

read more

Idaho Falls

1000 Riverwalk Drive Suite 100
PO Box 51330
Idaho Falls, Idaho 83405

208.523.0862 
208.525.8038 (Fax)

Pocatello

444 Hospital Way
Suite 555
Pocatello, Idaho 83201

208.232.6006 
208.232.6007 (Fax)

Blackfoot

1495 Parkway Dr.
STE C
Blackfoot, ID 83221

208.232.6006

Rexburg

859 South Yellowstone
Suite 204
Rexburg, Idaho 83440

208.523.0862 
208.525.8038 (Fax)

Twin Falls

722 North College Road
PO Box 5399
Twin Falls, Idaho 83303

208.733.6581 
208.734.9609 (Fax)