Custom Bookkeeping Services For Homebuilders

Lowden Financial has extensive expertise helping homebuilders maintain their books, create streamlined financial systems, and improve profitability by identifying areas of inefficiency. Whether you're an owner-operator trying to work "on" the business rather than "in" the business, getting ready for a merger or acquisition, or seeking areas to grow, contact Lowden Financial for a customized accounting and bookkeeping proposal. We can set up a consultation at your earliest convenience.

Good Bookkeeping is a Core Business Necessity For Homebuilders

Building custom homes is a dynamic, challenging profession, and it can be hard to accurately track your finances. You have to navigate project costs, budgets, and more, and the only way to forecast profits and cash flows is to meticulously record every transaction. That's where we step in.

We can help you with all of the accounting and bookkeeping needs specific to custom home building. We can help you track project expenses to keep you in line with budgets and create accurate forecasts, make sure you are accumulating costs as assets pending finalized HUD-1 statements, and provide updated profit and loss statements to your bank prior to a big draw -- surprisingly tricky items in the homebuilding vertical.

There's much more that goes into our services than we can include on this page, so if you have any questions at all, please don't hesitate to contact us for a free consultation.

Tracking Job Costs

Accurate job costing, a task unique to homebuilders and general contractors, can make or break your company's profitability. Attributing expenses to various projects and monitoring ongoing budgets is a full-time job in and of itself. Our detailed job costing services for homebuilders will pinpoint materials, labor costs, and other overhead. We can then help you with pricing strategies and cost control measures that will allow you to bid on jobs more effectively.

Managing Payroll For a Fluctuating Workforce

Your teams undoubtedly fluctuate depending on the size of projects, seasonality, and other factors, and you probably have a mix of W2 employees, steady contractors, and other subcontractors as well. Our payroll services can help you provide accurate and timely compensation, and we'll help you stay compliant with labor laws and correct withholdings. Don't open yourself up to back taxes or late payroll - give us a call.

Get Detailed Financial Reporting and Analysis

How did your home building business do last month, quarter, or year? We provide comprehensive and custom reports that will help you answer these questions. We'll provide you with profit and loss statements, balance sheets, cash flow statements, and more. We can even create custom reports on a project-by-project basis. Access to this data helps us identify potential issues before they escalate, and you'll be able to identify opportunities for growth, efficiencies, and further profits.

Budgeting and Forecasting For Homebuilders

As you plan for upcoming projects and labor needs, you need access to professional analyses of both historical and future revenues, expenses, and cash flows. We can analyze historical trends, opportunities for cost savings, and more -- in short, we'll equip you to make strategic business decisions.

Manage Your Inventory

As part of our custom bookkeeping services for homebuilders, we can track the purchase, use, and remaining stock of materials. That way, you don't experience delays because of inventory, you won't over-buy, and you can even negotiate better terms with your suppliers. We want to help you minimize waste, make more profit, and run a tighter ship.

We Can Modernize Your Bookkeeping Systems

Do you have old Excel spreadsheets floating around on a server, or is your bookkeeping system disorganized to an extreme degree? It doesn't phase us - we often help our clients update, consolidate, and modernize their bookkeeping practices.

We can import your data into a streamlined, sophisticated QuickBooks environment or other software platform. This not only helps with accuracy, but it gives you access to real-time dashboards and reports. You can track expenses, monitor income, and even analyze cash flow from your own computer. It's not easy to do, but our expertise allows us to handle categorization of expenses and other back-dated tasks in time for the end of the fiscal year.

Contact Our Expert Bookkeepers For Custom Homebuilders Today

Contact Lowden Financial for a consultation or custom proposal for bookkeeping services. We offer general construction bookkeeping services as well, and we help larger companies with fractional CFO services nationwide. We would be happy to hear from you and share all of the ways we can improve transparency in your finances and promote profitability.

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