Construction Accounting & Financial Advisory Services
Get your construction company’s finances under control, manage the complexity that comes with growth, and set yourself up for sustainable success.
Construction Financial Management to Master Your Margins
Work with our network of freelance bookkeepers, accountants, controllers and CFOs who specialize in the construction industry to solve your immediate needs and plan for your future.
Control Your Books
Clean up your books to maintain compliance, retain liens rights, reduce risk, and prepare for growth and complexity.
Plan for Scale
Avoid the financial surprises that hit when you reach new revenue milestones; instead, grow with clarity and confidence.
Optimize Cash Flow
Monitor your estimates, costs and changes to keep compliance, payments and retainage under control and capitalize on opportunity.
Position for Growth
Get better at forecasting, budgeting and overhead to keep more money in your pocket, expand access to financing, and grow.
Finance Expertise Built for Your Industry Complexities
Every company needs a strong finance and accounting function, but construction companies face unique challenges that require experience to navigate. With one foot in your world and the other in finance, Paro’s experts solve your immediate challenges while setting you up for sustainable success. See why construction companies trust Paro to deliver the qualified finance pros they need.
Construction Expertise
Our accounting and finance experts have deep experience running construction operations of all sizes and stages, from the back of a truck to million-dollar megaprojects.
Cost-Effective Flexibility
Whether you need a bookkeeper, CFO, or both with construction expertise, get the support you need—when you need it—without paying overhead or big-firm prices.
Lightning-Fast Support
Paro uses AI to match you with exactly the expertise you need—20 times faster than traditional hiring.
“From our initial sales engagement through onboarding and customer service check-ins, Paro has been outstanding. The candidate they found for us has been everything we wanted and more. I couldn’t be happier with the entire experience.”
Brian Olson Paro Client
“We had an excellent experience with Paro and have worked with them for several years! Their responsiveness and level of service is unmatched. I highly recommend their services.”
Kate Kelly Paro Client
“Our company found itself suddenly without a CFO. We reached out to Paro and within 48 hours Paro had found the perfect CFO for us along with a full accounting staff. We are grateful for Paro and have enjoyed years of experience with them.”
Marty Bates Paro Client
“I love Paro. They are diligent getting the proper consultant that matches the clients needs. I feel confident that I can grow my business using Paro.”
Eric Rogers Paro Client
Accounting & Bookkeeping
Build your foundation with construction accounting services
Growth often brings unforeseen complexities. Each new revenue milestone comes with new accounting and revenue recognition requirements that can make or break your business. Our experts will help you regain control, stay compliant and adapt to growth. More…
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Get your books in order and build a solid financial foundation with bookkeeping and general ledger maintenance tailored to construction companies.
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Implement processes and procedures with an accountant or controller who knows construction so you can keep an eye on things like cash flow and fraud.
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Streamline WIP, payroll, taxes, union-related cost management and other compliance needs.
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Clean up your reporting and get ready for milestones like bonding, prequalifications, quality of earnings (QofE) analyses and more.
Fractional CFO Services
Control your growth with fractional CFO services
Many firms don’t engage financial leadership until they reach a hurdle, like a revenue threshold or challenges securing bonds or financing. Paro CFOs reduce risk, drive profitability, and steer opportunity to ensure smooth and sustainable operations. More…
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Analyze WIP schedules and business processes to improve efficiency, avoid problems, and optimize cash flow while managing payment and retainage.
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Develop comprehensive overhead and project budgets in addition to building out your forecasting capabilities.
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Manage initiatives that underlie and promote growth, such as aggregate bonding capacity programs, prequalification processes, bank reviews and more.
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Lead nuanced negotiations around insurance and real estate property sales deals, as well as buy- and sell-side M&A.
Financial Planning & Analysis
Gain proactive financial planning for your construction firm
Measure twice, cut once—the same goes for your financial decisions. Project execution is the priority, but financial planning and analysis (FP&A) is crucial for success, giving you the insights to adapt and grow in any market environment. More…
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Implement advanced financial forecasting and reporting processes to optimize resource allocation, manage capital and stay on track with long-term objectives.
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Monitor your estimate and costs to manage change and avoid scope creep throughout the project lifecycle.
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Conduct in-depth project profitability analysis and robust financial models to support decision-making and growth, including 10-year monthly pro forma modeling.
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Test and analyze market trends and other factors impacting your business, subcontractors and customers with scenario planning and performance analysis.
The Paro Process: We’re With You All the Way
We’re more than a staffing service—we’re your partner along the way, so you can focus on what matters most.
In-depth Project Setup
During your consultation, you’ll tell us your goals, pain points, timeline, budget and the specific skills and software experience you need.
Precise Matching
No resumes, no searching, no sweat. We’ll use our proprietary matching tool to find and score candidates, then send you the top matches to review.
Easy Contract Alignment
Once you’ve found your best fit, meet your expert to align on scope and promptly receive a detailed statement of work.
Onboarding Help
At kickoff, we’ll help you tick off your onboarding checklist, like systems access and expectations for turnaround times or communication.
Ongoing support
We’re here to help with any talent sourcing needs you have at any time. Connect with us and we’ll get it done.
The Paro Process: We’re With You All the Way
We’re more than a staffing service—we’re your partner along the way, so you can focus on what matters most.
In-depth Project Setup
During your consultation, you’ll tell us your goals, pain points, timeline, budget and the specific skills and software experience you need.
Precise Matching
No resumes, no searching, no sweat. We’ll use our proprietary matching tool to find and score candidates, then send you the top matches to review.
Easy Contract Alignment
Once you’ve found your best fit, meet your expert to align on scope and promptly receive a detailed statement of work.
Onboarding Help
At kickoff, we’ll help you tick off your onboarding checklist, like systems access and expectations for turnaround times or communication.
Ongoing support
We’re here to help with any talent sourcing needs you have at any time. Connect with us and we’ll get it done.
“A lot of [businesses] know something’s wrong. They just can’t identify it. So that’s where you come in and do a current state assessment, or getting grounded in the company, what they have and what they don’t have. And what we need to fix it.”
Tom
Fractional Construction CFO
Fractional Finance Experts, Full-Time Impact
Focus on what you’re building, not your books. Use Paro’s on-demand finance and accounting services to shore up your finances, manage your cash and clear the path for your future.
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Expert support,
on-demand -
Fast & easy
onboarding -
Immediate and
long-term impact
Expert support, FAQ
Most construction companies realize they need outside help when they hit certain revenue thresholds, which triggers new accounting requirements like WIP schedules. They might also seek help when trying to secure a bond or prequalify for a project, only to find their finances are not in order.
The best time to get help is early, before financial problems get out of hand.
Every construction company is different, and your Paro Solutions Consultant will work with you to figure out exactly what kind of finance help you need.
Given the complexities of construction projects—including managing revenue recognition rules, bonding requirements and challenging cash flow dynamics—most growing construction companies benefit from the strategic insight of an accountant, controller or a fractional CFO.
Many construction companies start by bringing in an experienced bookkeeper to clean up their books, then add or shift to a controller or fractional CFO who can help deal with industry nuances and complexity while ensuring long-term stability.
Simply put, finance and accounting is different for construction companies. In many ways, it’s more complex. There are projects that are specific to construction—things like property sales and purchase negotiations, subcontract management, feasibility studies and OCIP management—that require experience to manage. General finance professionals particularly struggle with the revenue recognition process for construction accounting, which can result in large tax bills.
Paro can match you with accountants, controllers and CFOs who specialize in finance and accounting for construction companies. You can bring them in to set up and manage your finance function, or you can have them oversee your existing team that may lack that industry experience you need.
The two biggest mistakes companies make here are not tracking actual costs against the original estimate and not managing change orders properly. All construction project financing relies on the original estimate. Companies get in trouble by not tracking actual costs as work progresses, as well as by doing extra work before capturing and submitting change orders for approval.
A finance professional experienced in construction accounting can make sure you avoid these and other costly mistakes in your accounting processes.
Construction is unique because contractors spend money upfront but may not get paid for 45–60 days or longer due to payment lags. On top of that, owners retain a percentage of the billed amount until later in the project, which further impacts cash flow. Change orders that aren’t managed and billed promptly can also hurt cash flow. These factors make cash flow a major constraint in the industry, often requiring a line of credit for contractors.
An experienced fractional CFO can implement controls, oversee your process and recommend finance strategies to manage your cash flow appropriately.
A work-in-progress, or WIP, schedule is crucial for revenue recognition in construction, particularly for companies with a three-year average revenue over $26 million.
WIP schedules track revenue and profit based on costs incurred to date, spreading recognition over the project’s life. This is different from a simple cash-in, cash-out approach and is essential for accurate financial reporting and tax compliance. Errors here can seriously skew your company’s numbers.