CFO Fort Worth. Questions from owners who run jobs
Looking for plain answers before you call? Steven Palmieri, a Tax CFO, hears a short list of questions from owners in Fort Worth who run crews and projects, and here they are.
Do we need new software to see profit by job?
Usually not. QuickBooks Online can track jobs, and most of the work is in how costs get tagged, not in the tool. We look at what you use today and tell you whether anything needs to change. See which jobs make money.
Can you work with my estimator or project manager?
Yes. They know the jobs better than anyone, and we want their numbers to match the books. Many owners have us on a call with the estimator once a month, so bids and results can be compared directly.
Will you prepare the statements my surety wants?
We prepare statements and the work-in-progress schedule from your books. Reviewed or audited statements come from a licensed firm, and we prepare your books ahead of that firm's visit. The page on the jobs we close and the reports we don't sign explains the split.
Do you run payroll, or certified payroll?
Payroll gets set up once, then the provider handles every payday. The setup covers the provider, the registrations, each person's pay and the feed into your books by job. Special reports a customer requires come from the provider, and we do not process them.
Our books are behind. Is that a problem?
It is where the work starts. A first closed month comes before anything else, so we bring the bank and cards up to date, sort the costs onto jobs as far back as is useful and show you where things stand. There is no need to tidy first.
Do you prepare the return too?
Yes. It comes from the same books that sort your costs by job, so the numbers agree and the year-end work is mostly done by December. Estimates during the year follow what the business earned.
Will you come out to the shop?
Most of the work happens in the shared books and on video, around your crew schedule. We meet in person around DFW for a first look at the books or a bid review, so ask for it when you book. See meeting in person and on video for how it works.
How do you price your work?
In writing, before anything begins, to match what you need. This site shows no figure, because the scope depends on your books and the number of jobs. The first call is free, and a quote comes after it.
What do you need from the field each week?
Three things, and they fit in a text. A photo of material receipts or a note on which job they went to. A line when a crew changes sites. A heads-up when a customer changes the scope.
What do we cover on the free Second Look call?
We look at a few recent jobs and what each one left, and you come away knowing which kind of work pays best. The practice runs it by video, and the call comes without paperwork or a bill.
What question did we miss?
You will be talking to the Steven Palmieri practice.