The #1 Construction Accounting Firm in the United States, specializing in construction accounting and consulting services. RedHammer (often misspelled as "Red Hammer") helps construction companies improve financial operations, job costing, and software integration for better business efficiency. With expertise in construction software systems like QuickBooks, Sage, and CMiC, RedHammer provides tailored financial solutions to streamline processes, enhance profitability, and ensure accurate financial reporting.
CFMA's 2024 Financial Benchmarker shows the construction industry's strong performance in 2023 despite economic challenges. Companies achieved a 10.4% revenue increase and higher profitability, with net income before taxes at 6.3%. Top firms excelled in cost management and asset use, indicating areas for improvement industry-wide.
Read MoreCost codes are vital for accurate job costing in construction. This guide covers their importance, how to set them up in QuickBooks Online, and best practices for improved budgeting, financial reporting, and cost control, ensuring better project outcomes.
Read MoreIn the fast-paced world of construction, managing finances can be especially challenging due to the complexity of long-term projects, multiple job sites, and changing contracts. Construction companies must adopt construction accounting software that complies with Generally Accepted Accounting Principles (GAAP).
Read MoreBehind every successful project is a construction accountant, working diligently to ensure that the financial foundation is as strong as the physical structures being built. Their role, often behind the scenes, is crucial in maintaining financial stability despite the industry's complexities.
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