Running a construction company is very different from running a typical service-based business, especially managing your accounting. You’re managing multiple projects at different stages including;

  • complex payment cycles
  • fluctuating material costs
  • subcontractor invoices
  • retentions
  • progress claims
  • tight margins

At the same time, you need accurate, real-time financial visibility to ensure each project stays profitable. But with uneven cash flow and rising project demands, a full-time CFO isn’t always possible — or cost-effective.

That’s why we provide outsourced CFO-led accounting services designed specifically for construction and building.

You get the strategic direction of an experienced CFO, combined with hands-on financial management, without the cost of hiring one full-time.

WHAT DO OUR CFOs PROVIDE YOUR CONSTRUCTION COMPANY
THAT YOUR ACCOUNTANT AND BOOKKEEPER CANNOT?

Bookkeepers

are great at keeping records but not at interpreting the information.
to achieve better business performance is beyond their scope – at this point you need CFO experience.

Accountants

are great at managing compliance and minimising tax, using historic numbers to report on state-of-play, but often
they don’t have the commercial knowledge and experience of a CFO.

A CFO gives you strategic financial oversight.

But hiring one internally can cost well over $250k per year.

Our CFO-led accounting service for construction bridges the gap.

You get construction-specific financial expertise, better systems, accurate numbers, and strategic guidance — all delivered at a fraction of the cost of a full-time CFO.

How Our CFO Services Compare
OptionCFO-led accounting (outsourced)In-house CFOAccountant / BookkeeperController
CostPredictable monthly retainerFull salary package (+ on-costs)Lower (compliance-focused)Moderate
Project financial oversightYes — construction-specific oversight across all jobsYesNoLimited
Job costing & margin trackingAccurate job-by-job costing & margin insightsYes (depending on internal systems)LimitedLimited to operational tracking
Cash-flow forecastingIncluded — factoring in progress claims, retentions, delaysYesNot typicalModerate
Progress claims & retentions supportManaged — detailed oversight & reportingDepends on workloadNot typicalSometimes
Sub-contractor & supplier payment managementStreamlined workflows & controlsYes (resource-dependent)Basic processingModerate
Time-to-valueWeeks — 30–60 days for quick winsMonths — recruitment & ramp-upImmediate (limited scope)Months
Coverage & resilienceTeam-based coverage & escalationSingle point of dependencySingle point of dependencySingle point of dependency
Meeting cadenceFortnightly financial sessions; monthly management packAs set internallyAd-hoc / EOFYMonthly ops focus
Best forConstruction businesses needing CFO-level oversight without full-time costLarger or complex construction groupsBasic bookkeeping & tax supportProcess & operational control discipline

 

Accounting Services for Every Type of Building & Construction Company

We provide tailored CFO services for:

  • Residential and commercial builders
  • Renovation companies
  • Construction contractors and subcontractors
  • Civil, trade and project-based businesses
  • Companies scaling into larger tenders or more complex projects
  • Businesses experiencing cash-flow pressure due to progress payments or retentions
  • Builders needing better job-cost tracking and financial systems
  • Firms wanting reliable, real-time reporting for decision-making

If your business runs project-to-project and depends on accurate costing, forecasting and margin protection, we can help.

Included Construction CFO Accounting Services at a glance

ServiceDescription
Job Costing & Project Profitability TrackingSet up accurate job-by-job costing to track labour, materials, subcontractor costs, and project margin in real-time, preventing cost overruns and protecting profitability.
Budgeting, Forecasting & Cash FlowIncludes rolling budgets and forecasts, scenario analysis for delayed payments or retentions, and working capital planning to maintain healthy cash flow across projects and the business.
Revenue, Profit & Cash Flow ImprovementStrategies to improve revenue, profit and cash flow through analysis, KPIs and close monitoring.
Progress Claims, Retentions & Contract Billing SupportManage invoicing cycles, track retention payments, and ensure all progress claims are accurate and paid on time, aligned with contract terms.
Subcontractor & Supplier Payment ManagementStreamline approval workflows, avoid double payments, and maintain strong supplier and subcontractor relationships through organised payment processes.
Management Reporting & Financial DashboardsMonthly (or fortnightly) reporting with actionable insights, including job profitability, work-in-progress (WIP) position, overhead absorption, forecast vs actuals, and resource utilisation.
Systems & Process ImprovementOptimise or implement accounting and job-management systems (Xero, MYOB, WorkflowMax, Buildxact) and internal controls to improve efficiency, accuracy, and project-level visibility.
Strategic Advice & Growth PlanningGuidance on pricing strategies, margin optimisation, capital and cash-flow planning for larger projects, scenario modelling, and scaling the business while protecting margins.
Finance Team Support & Capability BuildingMentoring and support for internal finance/admin staff, ensuring accurate job-costing, smooth workflows, and reliable financial reporting, plus on-demand CFO advice between management meetings.

What People Are Saying About Our Building & Construction Accounting Services

“He has taken the pressure off me. Net profit is growing and I’m confident our strategy can be implemented and turned into reality. I’m now living the dream - running the business remotely.”
Mike Brewill
CEO Velocity Electrical
“We’ve already made improvements of six figures! Our CFO On-Call’s experience has made a huge difference to our bottom line. He’s streamlined our processes and efficiency to better use our systems and people.”
Rodney Frost
Group GM lamson Paragon Group.
“We have the useful information we need to make the financial and business decisions at the right time. Our CFO’s input has led to a 27% improvement in profitability.”
Greg Jaques
GM Nolans Transport
“I was flying by the seat of my pants and not always enjoying the ride. One day great - the next day chaos. I was always putting out fires. I don’t want to go forward without my CFO On-Call. His blood is worth bottling!”
Richard Ching
CEO of QME
“I’ve now got the confidence to grow the business. I’ve got lots of ideas about business direction and his input is great. Our CFO On-Call is a valuable asset who helps with the planning and ensures cost effectiveness.”
Francis Vigliante
CEO of BRI
“My CFO has provided me with a fantastic insight into the KPIs that really drive my business. We now have a better understanding of smarter pricing and the type of work that provides better margins.”
Kerry Matthews
CEO Powerex

How It Works

Step 1: Free Consultation

We start with a no-obligation call to understand your construction business, current projects, cash-flow cycles, and financial challenges.

Step 2: Meet your CFO-level accountant

You’re matched with a construction-experienced CFO who develops a 90-day plan covering budgeting, cash flow, reporting improvements and quick wins.

Step 3: Collaborate for impact

Your CFO manages project cash flow and budgets, prepares monthly management dashboards, attends owner or project meetings, and provides ongoing strategic guidance. Engagements can be monthly, quarterly, or project-based to suit your construction schedules and payment cycles.

First 30 Days – Onboarding

To de-risk the transition, we follow a structured onboarding:
Week 1: Access & diagnostics – review your general ledger, job costing, prior year accounts, and compliance filings.

Week 2: Clean-up & KPI design – tidy the chart of accounts, streamline project tracking, and design construction-specific KPIs.

Week 3: Forecast & budgeting – build a 13-week cash flow model and project budgets.

Week 4: First management-ready pack – deliver a dashboard and action plan; refine the plan for the next 60 days. We will ask for access to your accounting system, bank/merchant portals, project contracts, subcontractor agreements, and policies to get started.

Pricing & Commitment

Hiring a full-time CFO in Australia can cost well over AU$250,000 per year. Our CFO accounting services are available on a retainer or project basis, typically ranging from AU$3,000 to AU$15,000 per month, depending on complexity, size, and scope. Engagements can be month-to-month or three-month terms. There are no hidden setup fees. Most clients see quick wins in the first one to two months, with benefits that far outweigh the cost.

Outcomes & Proof

Our goal is to maximise the profitability and efficiency of every project. Working with our CFOs, construction businesses have:

  • Optimised project cash flow – ensure progress claims, retentions, and subcontractor payments are managed efficiently.
  • Secured additional finance – bank loans or project finance achieved through accurate reporting and strategic planning.
  • Stable cash flow – projects run smoothly with forward-looking forecasts preventing delays.
  • Transparent reporting – management dashboards built around project KPIs and business performance.
  • Sustainable growth – improved project planning, resource allocation, and financial controls to support business expansion.

Client Snapshot: 🏆

One building contractor reduced month-end close time by five days and improved project margin visibility after implementing our 13-week cash forecast and project budget methodology.* * example for illustration; specific client results vary.

Does Your Construction Company Need Help With Its Accounting & Financials?

Our Virtual CFOs are ready to help you, Australia-wide. Tell us about your financial challenges, we can talk by phone, online or in person.

Call 1300 36 24 36

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