Construction
Experience matters in construction accounting. From financial planning and bonding to job costing and satisfying bank requirements, construction companies must manage operations in a way that protects cash flow and addresses ongoing needs.
Whether you are a small specialty contractor or a large heavy industrial construction business, Brown Edwards’ extensive knowledge of best practices can guide you through these financial challenges. Learn more about our construction accounting practice.
Brown Edwards provides comprehensive planning and coordination for your construction business. Our expertise and involvement in the industry distinguish our work. The team includes several Certified Public Accountants who have also achieved a designation in CCIFP (Certified Construction Industry Financial Professional). We host annual conferences in different industry areas, and many of our associates present at national events on financial management.
Like our work in other industries, our construction accounting practice is founded upon client support. We develop close relationships with businesses, provide constant communication, and offer exceptional service.
INDUSTRIES
Construction Accounting Services for Your Business
- Benchmarking and industry comparison analysis
- Computer technology and software selection
- Job costing and indirect cost allocation systems
- Contractor tax planning
- Bonding and surety evaluation
- Litigation claims support
- Contractor licensing and pre-qualification
- Employee benefit planning
- Business valuations
- Succession planning
- Mergers and acquisitions
Specialized Consulting Programs
- Bidding and pricing strategies
- Incentive based compensation
- Performance and operational reviews
- Cash flow and budgeting for contractors
Brown Edwards Leads the Way in CCIFP ProfessionalsOur Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.
Construction has complex revenue recognition rules and job cost accounting methods. Many firms have construction clients, but they have not dedicated the resources necessary to make construction a major practice area. The firms with CCIFP public accounting certification for the construction industry have demonstrated commitment to the industry and proficiency in all areas of construction financial management. With eight CCIFP certified professionals, Brown Edwards is among the top ten firms in the country regarding CCIFPs on staff.
The Certified Construction Industry Financial Professional (CCIFP®) designation is the only accounting certification for construction financial professionals accredited by the American National Standards Institute (ANSI) under ISO 17024:2012.
Public accounting professionals with the CCIFP certification must have a minimum 4,000 hours professional experience in construction in addition to showing expertise in eight knowledge domains, and only three of the knowledge domains are accounting-related:
- Accounting and reporting
- Income recognition methods
- Risk management
- Budgeting and planning
- Legal
- Human resources
- Taxes
- Information technology
So when you hire a public accountant as a partner for your business, insist on a firm with CCIFP public accounting certification for the construction industry.
Contact any of our CCIFP professionals to discover what a difference Brown Edwards can make for your company
What Clients SayAbout Our Accounting Services for Construction
"I would like to thank you and your team at Brown Edwards and Company for providing exceptional service to Jamison Electric since 1984. Your personal commitment to our trade continuously exceeds our expectations. You have become a trusted resource for our company. Thank you for the extraordinary service that you provided this year when our company was audited for the first time in forty years of business. Upon learning that we were a client of Brown Edwards, the auditor congratulated us in choosing such an upstanding accounting firm and recognized Brown Edwards as a firm that “always provided accurate information."
Marshall Jamison - Owner/Vice President Jamison Electric Company, Inc.
"In 2009, Broadway Electric, Inc. (BEI), a family owned business, began a relationship with Brown Edwards & Company LLP, (BE) as our company’s certified public accounting firm. The dedication and support from Brown Edwards to our companies and family, has developed a trusting business relationship and friendships, as well."
Shawn Ray - President, Broadway Electric Inc., Broadway, VA
"We switched to Brown Edwards four years ago and have been completely pleased with our relationship and their service. They immediately saved us several thousand dollars, they work with us hand-in-glove on year-end planning, and working with their partners and staff is a pleasure."
Lois Gillenwater - CFO Pray Construction Company
"Brown Edwards helped us to retain three times more bonding capacity as well as bank loans and lines of credit in this economic cycle. We cannot emphasize the gratitude and admiration for such services rendered. Brown Edwards is a true partner in our plans to expand our business to the next level."
George Avgeros - First Class Contracting
"For over twenty years, I have trusted the CPA advice and service of the accountants at Brown Edwards. During the decade that I was the CEO of my companies, and grew from 60 employees to close to 300 employees, the challenge of doing business and filing state tax returns in over twenty states was simplified and streamlined by Brown Edwards. Matt Burchett has handled the preparation of our audited financial statements during this entire period, and has kept the senior managers of my companies up to speed on the latest rule changes that affect our business. I consider Matt and the CPAs at Brown Edwards to not only be essential advisors to my group of companies, but also to be faithful friends."
Fred D. Clark - Corporate Secretary and General Counsel IVS Group, Inc.
"We’ve trusted the people at Brown Edwards for many years to help us through some tough times and business decisions. They’re always ready and able to help, and make us feel that no one else is more important than we are. And just recently, in a matter of hours, they helped us identify an error made by the Division of Highways that would have cost us several million dollars in prequalification capacity."
Kelley Thaxton - Vice President and Treasurer Thaxton Construction Co., Inc.
"My bond with Brown Edwards personnel goes back to 1987 when I started my company. I always feel free to call the partners and ask for help when business problems come up. I know they’ll take my call immediately and help me figure out the right course of action, taking my best interest to heart. They’re the first people I turn to for help. It’s that kind of a relationship."
Sumith Hapuarachy - President SMH Construction Company, Inc.
"We’ve built our business and gone through a successful ownership transition with critical help from Brown Edwards people; our relationship goes back 30 years. I know that my partner contacts at Brown Edwards will jump when we call and get things done for us. And they’re fun to talk to."
Ted Brady - President Progressive Electric, Inc.
"The folks at Brown Edwards have been with us through thick and thin and back. They’ve been solid advisors since we started up in 1997; always approachable and responsive. We consider them to be trusted business colleagues and good friends."
Thomas H. Reece - President RC General Contractors, Inc.
" When we partnered with Brown, Edwards & Company, LLP in 2011, it quickly became evident that it was one of the best decisions we made as a family-owned business. They provide high quality work and answer questions or concerns in a clear, precise and timely manner. Brown Edwards provides support and advice with tax planning strategies that offer the potential for continued growth and profitability in our industry. It was with their expert guidance that we were able to make a business acquisition in 2013. They exemplify what an outstanding accounting firm can do.
We look forward to continuing our relationship as they are, without question, one of our best assets. We highly recommend Brown, Edwards as an accounting firm to be trusted to deliver above and beyond expectation."
