Construction companies often outgrow their internal accounting departments leading to a breakdown in processes and procedures. Conducting an operational review of the internal control processes that includes documenting the full procedures, along with providing suggested improvements to strengthen processes, can help improve company efficiency, controls, profitability, as well as ensure reliable, consistent financial reporting. Operational reviews are also intended to help you understand what’s required to operate effectively during growth cycles. Download our resource to find out if your company would benefit from an operational review.
To gain a better understanding of how your company measures up to construction industry standard growth ranges, check out our “Stages of Contractor Development” document here. Contact our Construction team today at 240.630.0702.