RedHammer Value Proposition

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Your Construction Accounting Experts

While you focus on designing, developing, renovating, and installing . . .

Let RedHammer take care of your Accounting

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Custom Fit For Your Business
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We Utilize Your Software
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Dedicated Accounting Team
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Construction Software Experts

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Our Value

Construction Accounting Experts

Construction Focused  |  From general contractors and specialty subcontractors to architects and engineering firms, the construction industry is our domain. Our construction accounting experts understand the specific financial challenges you face and are dedicated to guiding you to financial success by providing tailored solutions that fit your business needs.
Banking & Bonding  |  Since we work closely with banks and bonding companies, we have a thorough understanding of their requirements. Our experts can guide you through the line of credit and bonding application processes, ensuring that your financial statements meet necessary standards and helping you secure approvals more efficiently.
Job Costing Expertise  |  Accurate job costing and Work-In-Progress (WIP) reporting are crucial for tracking project performance. We provide real-time insights into both costs and revenues, ensuring that you can effectively manage your budgets and improve profitability across all projects.

Dedicated Accounting Team

Personal Touch |  We invest the time to understand your operations, needs, and expectations, tailoring our services to fit your specific business model. Our approach ensures your accounting is aligned with your goals and provides the support you need to succeed.
Dedicated Team  |  When you partner with RedHammer, you are assigned a dedicated team: A Consultant who works with you and your staff weekly to handle the day-to-day tasks and ensure everything is flowing properly; An Accountant who works hard to make sure you get accurate financial reports; and a Manager to oversee the team and ensure you understand the meaning behind the numbers.
Part of Your Team  |  We work alongside your staff, integrating our expertise into your existing processes. This collaborative approach makes us a natural extension of your team, helping to uncover efficiencies and improve financial outcomes.

Task & Document Management

Workflow |  Our proprietary task and document management system ensures all tasks are scheduled and completed on time. It helps you meet deadlines reliably, ensuring no important filings or documents are overlooked, giving you confidence that everything is under control.
Proprietary Work Paper Process|  Our custom work paper process provides a structured and organized approach to financial document management. This ensures that all records are accurate, easily accessible, and audit-ready at any time.
Dedicated Customer Portal |  Each client has access to a secure web portal, giving visibility and control over their documents and reports. This allows 24/7 access to key financial data, promoting seamless communication and transparency.

Financial Software Experts

Your Software  |  We work directly within your existing financial software, maximizing its potential to meet your business needs. Our team ensures your current system is fine-tuned for accuracy, efficiency, and industry best practices, allowing you to get the most from your setup without needing major changes.
Data Accuracy & Cleanup |  We specialize in cleaning up financial data and ensuring that your system is configured for optimal accuracy. This reduces errors and allows you to make confident, data-driven decisions, giving you the peace of mind that your financials are always in order.
Construction Accounting Software Experts|  With years of experience in construction accounting software, we understand the unique demands of the industry. Our expertise in leveraging advanced software systems ensures your job costing, WIP reporting, and overall financial management are optimized for success.

OUr Services

RedHammer Service Offerings

RedHammer is more than an accounting firm.  Our skilled team works by your side to go beyond spreadsheets and simple recommendations so that we can understand your most pressing challenges and needs. RedHammer’s expertise is broad, spanning the finance and accounting sector in both public and private capacities. Our range of services also includes operational advise to improve the efficiency of your organization and its people, processes, and systems.

"Anyone Can Give Advice...

We Get Our Hands Dirty."

Contact Us Now to Get Started!

OUr Process

RedHammer Engagement Process

Revenue

$1B+ in Client Revenue

Invoice

17,000+ AP Monthly Invoices

Reports

500+ Weekly Job Cost Reports

OUR ACCOUNTING Services

RedHammer 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.
AP

Accounts Payable

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Enter/Code Invoices
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Enter/Code Credit Cards
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PO Matching
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Enter ACH Payments
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Vendor Statement Reconciliation
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Subcontractor Compliance
AR

Accounts Receivable

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Create Invoices
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Complete Billing Packets/Draws
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Enter Customer Payments
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Record Deposits
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Monthly AR Aging Review
Job Cost

Job Cost

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Setup New Jobs
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Enter Cost Estimates
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Enter Contracts & Change Orders
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WIP Adjustment Entries
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Job Cost Reports
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Monthly Job Cost Meetings
Payroll

Payroll

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Process Payroll
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Process Tax Filings & Deposits
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Union & Certified Payroll Reports
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Payroll Time Entry
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3rd Party Integration / Enter JEs
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Reconcile Payroll Taxes
Cash

Cash Management

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Reconcile Bank Accounts
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Reconcile Credit Cards
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Reconcile Loans
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Reconcile Investments
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Cash Forecasting
Fixed Assets

Fixed Assets

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Record Depreciation
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Calculate Depreciation Schedule
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Add/Dispose of Assets
GL

General Ledger

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Prepaid Entries
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Indirect Cost Allocations
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Intercompany Reconciliations
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Record Inventory
Tax Compliance

Tax Compliance

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Calculate/Process Use Taxpayments
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Coordinate with CPA on Estimated Tax
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Process Estimated Tax payments electronically
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Calculate/Process Sales Tax
payments
Financial Reporting

Financial Reporting

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Generate and Review Monthly/ Quarterly Financial Reports
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Generate Monthly/Quarterly WIP
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Quarterly Budget Updates
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Month-End Process

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Reconcile AP to GL
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Reconcile AR to GL
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Reconcile Cash to GL
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Reconcile Payroll to GL
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Reconcile Job Cost to GL
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Close Period
Year-End

Year-End Process

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Generate 1099s
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Generate W-2s
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Coordinate with CPA to Complete Review and Tax Filings
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Year-End Close
Computer

System Support

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End-User Training
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End-User Support
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Configuration Updates & Maintenance
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Report Writing & Updates
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I actually understand and use my financials now… [and] the reports are on time, which makes my banker happy. Things are under control!

// Specialty Contractor, $5M in revenues
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We have definitely earned back our fee in implementing their recommendations… and we recommend Redhammer to any construction company who wants to take their business to another level

// Specialty Contractor, $7M in revenues
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RedHammer took the time to understand our business.  They have helped us to see the big picture and keep us on track.

// General Contractor, $3M in revenues
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We have learned a lot about our business and now feel comfortable with our financials.  [RedHammer] brought a high level of professionalism to our business.

// General Contractor, $20M in revenues
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RedHammer is a true business partner for us. They work with us on a one-to-one basis…  I trust these guys completely!

// Specialty Contractor, $12M in revenues
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Going with RedHammer is a no-brainer.  We are getting our financials on time, and we get weekly job cost information.  We never had this before, and we are saving money.

// Specialty Contractor, $1.5M in revenues
Quotes

You guys are like my best subcontractor--I can focus more on the opportunities now and even have a better idea of how fast we can move and the risks we can take.

// Real Estate Developer $15M in revenues
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OUR ACCOUNTING Services

Frequently Asked Questions

Is Red Hammer the same as RedHammer?

Yes, "Red Hammer" is a common misspelling of our company name, which is correctly spelled as RedHammer (one word, no space). We specialize in providing accounting and consulting services for construction companies, focusing on improving financial operations, job costing, and software integration. Whether you search for "RedHammer" or "Red Hammer," you’ve come to the right place for industry-leading construction accounting services.

What services does RedHammer provide for construction companies?

RedHammer specializes in comprehensive accounting and financial management services for construction companies. Our services include job costing, payroll management, accounts payable and receivable, financial reporting, cash flow forecasting, and more. We also offer remediation services for companies facing major financial or operational challenges and assist with software implementation and optimization.

Do you assist with software implementation and integration?

Yes, we offer expert support in construction software implementation, including system selection, integration, and customization. Our team aligns the software setup with your company's specific needs, enhancing job costing, project tracking, and overall financial management.

Can you help with financial remediation for construction companies?

Absolutely. RedHammer provides comprehensive remediation services for construction companies facing financial issues, whether due to poor accounting processes, system inefficiencies, or inaccurate financial reporting. We identify problem areas and implement corrective actions to restore financial stability and compliance.

How can RedHammer help improve our job costing process?

Job costing is one of our core specialties. We help construction companies accurately allocate labor, materials, and overhead costs to individual projects. This ensures better financial tracking, more accurate project bids, and higher profitability. We can also optimize your software to handle job costing efficiently and integrate it with other financial tools.

What is the difference between RedHammer's remediation services and traditional accounting services?

Our remediation services go beyond traditional accounting. While regular accounting focuses on day-to-day financial operations, remediation addresses deep-rooted financial problems. We specialize in uncovering financial inconsistencies, streamlining processes, and improving financial controls to get your business back on track. Learn more about our Remediation Services.

How does RedHammer staff projects and work with clients as an extended team member?

We take a personalized approach, working closely with clients as an extension of their team. Our staffing model includes assigning dedicated team members aligned with your business needs and goals. We integrate seamlessly into your operations, providing ongoing support, expert insights, and hands-on assistance throughout the project lifecycle.

How do you help construction companies manage accounts receivable and payable?

We streamline both accounts receivable (AR) and accounts payable (AP) by implementing best practices tailored to construction businesses. This includes retention management, progress billing, invoice processing, vendor management, and timely payment schedules, ensuring healthy cash flow and on-budget projects.

What types of companies do you work with?

We primarily support construction companies with revenues between $5 million and $30 million. However, we also work with both smaller and larger businesses. We offer a starter program for new contractors, helping them set up solid financial and operational foundations for future growth. For larger clients ($30 million+), we provide staff augmentation services around accounts payable, payroll, lien waivers, billings, and more.

How do we get started with RedHammer's services?

Getting started is easy. Contact us to schedule a consultation. We'll assess your current financial processes and identify opportunities for improvement. From there, we'll tailor a plan to meet your specific needs, whether it's ongoing accounting services, financial remediation, or software implementation.

Why should we choose RedHammer over other accounting firms?

RedHammer specializes in the construction industry, with deep expertise in job costing, financial reporting, and software integration. We understand the unique challenges construction companies face and provide tailored solutions to meet your specific needs. Our team is committed to helping your business run more efficiently and profitably.

What software applications does RedHammer have experience with?

RedHammer has extensive experience with industry-leading software applications tailored to construction companies, including QuickBooks Desktop, QuickBooks Online, Sage 300, CMiC, Sage 100, Foundation Software, and more. We ensure the software you use is optimized to meet your business requirements and assist with setup, configuration, and training.

Is RedHammer a software company?

No, RedHammer is not a software company. We specialize in accounting and consulting services tailored for the construction industry. While we have extensive experience with various construction software systems and assist clients with implementation and optimization, our primary focus is on improving financial operations, job costing, and overall business efficiency.

How does RedHammer improve financial reporting for construction companies?

We provide detailed, accurate, and timely financial reports, including profit and loss statements, job cost reports, and work-in-progress (WIP) reports. Our goal is to give you clear visibility into your financial health, helping you make informed decisions to improve profitability and reduce risk. We maximize your software resources and supplement where the software falls short.

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RedHammer Regional Offices

Providing Outsourced Services to all 50 States!
RedHammer - Hawaii Office
2153 N. King St. STE 321B
Honolulu, Hawaii 96819
RedHammer - Arizona Office
4455 E. Camelback Rd. STE E290
Phoenix, Arizona 85018
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