Labor and raw materials intensive businesses like construction and manufacturing rely heavily on monthly financial statements and cash flow to evaluate "Where are we?"
Concise accurate financial statements can point the way toward good business decisions. Bad data can create bad decisions.
Construction and manufacturing have unique cost accounting, inventory and project accounting attributes that require depreciation accruals on an annual basis. These reconciliations can be be easily overlooked or misunderstood by bookkeeping staff.
Hough Gelfand's hand's on approach with their client's accounting staff helps the end of year process occur with less stress and greater accuracy of financial statements.
Clients know HGCPAs are available to help when explanations are needed.