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Our Christmas Cards

Through The Years 

AscendantVG's Company

Greeting Card,

Christmas, 2022

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Our 3-Part Conversion Solution:
Software, Structure and Staff

Using QuickBooks
Online
®as the general ledger, we implement
powerful integrations
that rival the best ERP
systems available to General Contractors
and Homebuilders

By stacking QuickBooks Online® with QuickBooks Workforce® and then synchronizing that stack with either Procore® (for General Contractors) or Buildertrend® (for Homebuilders), we deliver alert, best-in-class accounting intelligence to the computers, phones and tablets of our General Contractor and Homebuilder clients (with additional options being available for integrating HR, IT, and training software).

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But, beyond software, we take the solution two (essential) steps further. First, we examine and (where necessary) develop appropriate structure for your accounting department. Because a powerful software solution is only as good as the conditions under which it is used. Policies, procedures, safeguards, reporting schedules, etc. And, second, we assess the talent and capabilities of your staff; as for this question, we can either support your back office or we can BE your back office.

 

More detail on each of the three parts of our solution follows: 

Part 1: Stacked, Synchronized Software

QuickBooks Online®+ QuickBooks Workforce® + Procore® or Buildertrend®

QuickBooks Online®
The backbone of the stack is QBO. With this software properly deployed, and with A/R, A/P and Purchase Orders maintained correctly, the Profit and Loss by Job Dashboard, Detailed Profit and Loss by Job Screens, Time and Materials (materials, subs) and WIP reporting (materials, subs)  comes alive. 


 

Profit and Loss by Job Dashboard
Profit and Loss by Job Detail

Samples of the Profit and Loss by Job Dashboard (left) and the Profit and Loss by Job Detail (right) available in a properly set up and maintained version of QBO. Click on either image to magnify.
 

QuickBooks Workforce®
On the timekeeping side. QB Workforce synchronizes seamlessly with QBO; a project (job) or an item (cost code) created in QBO auto-populates into QBW in real time. Properly integrated and synchronized, and maintained correctly, with field staff punching in to both Job and Cost Code, labor budgeting and AVB reporting comes alive. Optional: by adding a third punch field (billiable Yes/No), Time and Materials (labor) and WIP reporting (labor) comes alive.

 

Labor Budget by Job Dashboard
Labor Budget by Job Detail

Samples of the Labor Budget by Job Dashboard (left) and the Labor Budget by Job Detail (right) available in a properly set up and maintained version of QB Time. Click on either image to magnify.
 

On the HR side, an employee set up in QB Workforce auto-populates into the time tracking system and into QBO for payroll. Times approved in QBW post to each individual job and, thus, its P&L, in QBO and also populate hours worked in QBO Payroll, which further automates the payment of all withholdings, including federal, state, FICA, FUTA and unemployment, as well as the reporting of worker's compensation by class code. Optional additional integrations include insurance benefits and 401(k) administration.
 

Labor Submission Dashboard
Worker's Compensation Report

Samples of the Payroll Submission Dashboard (left) and the Worker's Compensation Detail (right) available in a properly set up and maintained version of QB Workforce. Click on either image to magnify.
 

Procore®  (General Contractors) or Buildertrend® (Homebuilders)
Add a project management system into this stack and you have an integrated, synchronized system that rivals the best ERPs on the market. We're experts on both Procore®and Buildertrend®. Both of these systems contain functionality that can automate job estimating, subcontractor bidding, purchase order issuance, scheduling, customer communications, and a whole lot more. 

 

Part 2: Finance Department Structure

Set Up - Policies - Procedures - Checklists - Safeguards -Reporting Schedules

Structure matters. Because a powerful software solution is only as good as the conditions under which it is used. We focus on the following issues and more:

 

How the Finance Department is Set Up

Here we examine and, where appropriate, make changes to how your Chart of Accounts is organized, how your Cost Codes are organized and how you create file numbers for your jobs. This last item might strike you as odd, that we would care how you determine and issue file numbers, but - believe it or not - this is one of the most important elements to properly setting up your department. Because, properly done, this will enable the rapid and accurate posting of expenses to each individual job.

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The Policies the Finance Department Follows

Here we examine and, where appropriate, implement or make changes to the policies the Finance Department operates under. A couple of examples: When does an independent contractor qualify to work as a 1099 contractor and when must he be paid through payroll? When does a pay stop take effect if an insurance certificate expires or does not correctly list you as additionally-insured? The list of questions we ask regarding policies totals more than 50, each and every one of which we can explain why a policy is necessary and what, in your case, it should look like.

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Procedures, Workflows, Checklists, Safeguards

Here we examine and, where appropriate, implement or make changes to the procedures, workflows, checklists and safeguards the Finance Department follows. A couple of examples: How are customer deposits accounted for? How are accounts payable processed and approved? What sort of a checklist does the department use to close the books each month? And how is the company protected against theft or embezzlement? The list of questions we ask regarding these matters totals, once again, more than 50, each and every one of which we can explain why a procedure, workflow, checklist or safeguard is necessary and what, in your case, it should look like.

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Reporting Schedules

Here we examine and, where appropriate, implement or make changes to the financial and managerial accounting reports you're receiving and the frequency of each. A couple of examples: Actual vs. Budget by Job Report (labor, materials, subs), Profit and Loss by Job Report, Labor Burden Calculations, Companywide Profit and Loss Report, Balance Sheet, Statement of Cash Flows. The list of available reports totals more than 30, each and every one of which distills information and presents its own critical picture of the operations of your business.

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The Final Deliverable

Our examination and review of the structure of your Finance Department is documented in a report that, following its completion, is intended to be used as the formally-adopted Policy and Procedure Manual for your Finance Department.​

Part 3: Finance Department Staff

CFO - Controller - Accountant - Bookkeeper- Which of these do you need?   

Are the Right Seats in the Room?
What's the difference between an Apprentice Carpenter and a Lead Carpenter? Or a Lead Carpenter and a Project Manager? We're betting you can easily answer both questions. Fair enough. So how about these: what's the difference between a CFO and a Controller? Or a Controller and a Staff Accountant? Or a Staff Accountant and an A/P Clerk?

An Accounting Department is built in the very same way you build teams for the field. The right mixture of skill sets, in the right quantities, to meet the demands of the work to be done. We'll guide you through the process of designing and right-sizing your back office to suit your needs.

Are the Right People in Those Seats?
You'd never expect that an Apprentice Carpenter could do the job of a Project Manager, right? By the same token, a Staff Accountant shouldn't be expected to be able to do the job of a CFO. Or a Controller. 

Once we've determined the skills you need and the quantities you need them in, the next step is to determine whether you have the right people for the seats. Here we'll review your current staff and determine if they're qualified to sit in one of the seats we've created. And to the extent one or more don't fit, we'll guide you through the process of either repurposing, retraining or replacing.


And here's where things can sometimes get difficult. The ultimate success of the department we design and implement for you will require that it be  overseen and staffed, on a go-forward basis, by professional construction accounting personnel who are appropriately educated and trained and who have prior work experience commensurate with the position they will be tasked to hold in the department.

Yes, we guarantee our work. But what we cannot guarantee is that your wife, your nephew or someone else whose sum total prior work experience in construction accounting is as an A/P Clerk will
somehow be magically transformed into the CFO or Controller of your company because we left some checklists, policies and procedures behind when we finished.

Bottom line: we must insist that you respect and follow the advise we give you regarding who's qualified to work in your Accounting Department and in what capacity. To the extent you choose to act contrary to our advise, any guarantees we make regarding the ultimate success of that department are void.


And, Lastly, Should you Consider Outsourcing?
You're a General Contractor. Or a Homebuilder. In other words, you're an onsite guy and your work paradigm has been informed by an entire career that has revolved around you having to be physically present on a job site to get things done. We get it. And we respect and appreciate those who simply cannot fathom outsourcing all or part of their back office to a remote firm like ours. However, if you can fathom it -- or if you will entertain the thought experiment -- we should discuss outsourcing.

Because outsourcing is often the best solution. Why? Because every General Contractor or Homebuilder needs and benefits from having an Accounting and Finance Department that's fully staffed with a variety of talents ranging from CFO to A/P Clerk. But only the largest General Contractors and Homebuilders can justify the cost of hiring multiple, specialized heads to work full time. Which is where an outsourced solution excels; all of the positions get filled by appropriately educated, talented and experienced construction accounting professionals and you pay for only the time you actually need and use.

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AVG HOLDINGS, INC., DBA ASCENDANTVG, JACKSON, WY (USA) AND SANTA FE, CDMX (MEXICO)

CONSTRUCTION ACCOUNTANTS | FRACTIONAL CFOS | SOFTWARE CONSULTANTS

​ALL INFORMATION CURRENT AS OF DEC. 30, 2024

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QUICKBOOKS DESKTOP, QUICKBOOKS ONLINE, QUICKBOOKS WORKFORCE AND THE QUICKBOOKS PLATINUM PRO ADVISOR LOGO ARE

EACH AND ALL TRADEMARKS AND/OR SERVICE MARKS OF INTUIT, INC. REGISTERED IN THE UNITED STATES AND OTHER COUNTRIES. 

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BUILDERTREND AND THE BUILDERTREND LOGO ARE TRADEMARKS AND/OR SERVICE MARKS OF BUILDERTREND SOLUTIONS INC.

REGISTERED IN THE UNITED STATES AND OTHER COUNTRIES. PROCORE AND THE PROCORE LOGO ARE TRADEMARKS AND/OR SERVICE MARKS

OF PROCORE TECHNOLOGIES, INC. REGISTERED IN THE UNITED STATES AND OTHER COUNTRIES. SMOOTHLINK AND THE SMOOTHLINK LOGO

ARE TRADEMARKS AND/OR SERVICE MARKS OF SMOOTHLINK. REGISTERED IN AUSTRALIA AND OTHER COUNTRIES.

WE MADE UP THE TERM "WALTER WHITE MOBILE" AND IF YOU'VE READ THIS FAR YOU DESERVE TO GET A CHUCKLE OUT OF THAT.

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