Construction accounting is a specialised aspect of accounting. While there is no shortage of accountant willing to take construction clients, but finding accountant that specializes in construction accounting is not that easy. SBIR Corp's founder - Julius Adeyiga , CPA is also a Florida Licensed General Contractor. As a Licensed General Contractor and Certified Public Accountant, he is ware of various challenges faced by construction contractors. Based on his experience within the constuction industry, he is awareof high rate of failure among construction contractors due to number of factors.
One of the most prevalent causes of failure among many construction contractors is theie inability properly manage the financial aspects of their businesses. Contractors cannot successfully manage their businesses unless they have timely and accurate financial information about completed contracts and those in progress. Construction company owners need financial information that is complete, accurate, timely and understandable to be of any use to the contractor as well as third parties such as bonding company.
Construction industry is different from other industries; hence, some unique factors need to be considered when preparing construction financial statements. Julius is a Certified Public Accountant and also a Florida Licensed General Contractor. Hence, Julius is knowledgeable and knows those factors that are unique to construction industries.
Our strategic alliance with reputable general contractors and seasoned licensed trades men is why SBIR Corp has the resources and able to provide its accounting and non-accounting clients with wide range of construction services such as residential and commercial repairs, additions, remodelling and all other specialty trades. In addtion to providing its clients with construction accounting solutions, SBIR Corp also provides non-accounting services to non-construction clients. Services provided to non-construction clients includes, among others, residential and commercial repairs, additions, remodelling and all other specialty trades.
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