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Construction

One thing leads to another

Customer

Local Cable Systems Construction Company

Industry

Construction

Opportunity

While we came in to perform month end functions, there were a few things the All In One team was able to address.

First, this particular client had struggled for years to get accurate financials. He had a number of companies and lots of work in progress so his team wasn’t consistent and information wasn’t accurate. He was blindly steering the ship.

Next, it turned out the owner didn’t even know if he was making money. He was working so hard but feeling defeated. The construction industry had lots of ups and downs and, in his own words, ‘I never lost more money than when I was making money.’ (In other words, he didn’t have enough information and he wasn’t paying attention when things were good.)

And thirdly, he had a whole accounting team but no leader.

Solution

We wasted no time setting up an accounting process to get to a system that worked for him. There were many moving parts because he had multiple businesses in multiple places, but we were able to provide accurate financials.

While he had a team of accounting people on staff, there was a huge lack of leadership and no accountability. So we came in at a CFO level to lead his team.

Results

  • Accurate financials after 15 years of business – finally!
  • Ability to secure financing based on good financials for future projects.
  • All In One was instrumental in client’s survival during the economic downturn.
  • Completed a pricing strategy and analysis, which made a huge impact on his bottom line.

All In One Accounting is my go to resource in the Twin Cities for talented controller, accountant and bookkeeping resources. In my business, we are most valuable providing strategic CFO and transition services to our privately held business owner clients, but it is impossible for us to provide that level of service without good financial statements. The key to good financial statements is good transactional input and oversight of the details. Heide and her team provide just that. I’ve had an excellent experience with several different resources from her firm. She is always working to grow and expand on a great service, which makes it easy to continue to use All in One when I have this type of needs for my clients. I highly recommend All In One Accounting, and my business partners use them on a regular basis as well.

Ken Saddler, B2B CFO