The financial landscape can be complex, particularly when navigating the specific economic environment of Silver Spring, MD, and the broader Maryland area. Our team brings local expertise with national quality, drawing from a deep understanding of the local market conditions and business practices to provide you with the best possible accounting services. Whether you’re launching a startup or running an established business, our team is equipped with the knowledge and expertise to handle all your financial concerns. Our range of services includes detailed bookkeeping, payroll management, financial reporting, and strategic financial planning – all designed to maximize your business’s efficiency and profitability.
Welcome to OnBudget
We’re a team of 25+ US-based software engineers and accountants with a mix of actual accounting degrees and globally respected credentials like CPA and CCIFP amongst other experience profiles. Monthend has deep roots in construction and offers an elevated accounting experience for builders, remodelers, commercial contractors, and trades. Explore how our expert team can make a difference to your business operations and overall financial strategy. We blend local insight with national-level experience, making us a leading choice for businesses in Silver Spring and surrounding areas.
Your Company’s Financial Success is Ted’s Priority
Jeff entered the construction field in 1978 as a laborer for the John Driggs Excavation on the Mobil Headquarters in Fairfax, Va. Since then, he’s held nearly every position from carpenter to president at multiple construction companies. While at the Virginia Polytechnic Institute, Joe earned a Bachelor of Architecture degree in Environmental Design and a Bachelor of Science degree in Building Construction. If you’re just starting a business, we’ll set up reporting and recordkeeping systems that make it easy for you to keep track of where your money is going. If you’ve been in business for a while, but need help cleaning up your books, we’ll work with you to streamline your bookkeeping systems and set up a system of checks and balances.
- She studied Construction Management at Prince George’s Community College and gained valuable experience in onsite supervision and subcontractor communication early in her career.
- All accountants listed are well-versed in the challenges of construction accounting, including tax regulations, certified payroll laws and more.
- As a leader in construction industry accounting services, Ted Bartko guarantees excellence.
- At Potomac Accounting Solutions, we understand that trust and accuracy are paramount in accounting.
- When you outsource your bookkeeping services to us you get one on one personalized service and state of the art technology and payroll software.
- With multiple degrees in her field, Lissette has diverse talents, ranging from proposal writing to budgeting, which elevates the accuracy of our pricing process.
- Currently, he oversees our project accounting team, while monitoring cash flows and trade contractor payments.
Beyond Bookkeeping: Comprehensive Financial Solutions
Jorge’s first project with Potomac Construction is a historical renovation followed by an interior build. This 2-phased project will provide him with extensive structural and interior construction making him a valuable asset moving forward. Joe has managed construction projects for retail, corporate and https://www.inkl.com/news/the-significance-of-construction-bookkeeping-for-streamlining-projects government clients, with a specialty in ground-up historic renovation. In addition to local commercial and education renovations, Joe has also worked on high-end retail projects in Chicago, Boston and Miami. You’ll have more time to focus on running your business and generating more profits.
- So, if you are not familiar with accounting for construction services, it’s time to call for Ted to move your company to the next level and beyond.
- At Potomac Construction, Laura utilizes her management and client-facing skills, as well as an in-depth understanding of the construction process on a variety of project types.
- Jeff entered the construction field in 1978 as a laborer for the John Driggs Excavation on the Mobil Headquarters in Fairfax, Va.
- Before joining Potomac Construction in 2013, Jae held high-level roles in a public company, private investment firms and real estate development.
- She worked in finance for several years before moving into positions in real estate, including financing, investing, construction and operations.
- From managing your financial transactions to reconciling accounts, our virtual bookkeepers ensure that your construction administration runs smoothly.
You can even get assistance in tax planning since Ted knows the up-to-date Federal and State taxation laws and construction bookkeeping how they can affect both your business taxes and your personal taxes. He can help you find out how much of a salary you can take or afford or if you have enough withholdings. His seasoned insight on financials will help you understand tax reporting and tax payments on distributions of profits. Potomac Construction eases the common fear that a general contractor will disappear after the project is substantially complete. Our clients are served by a dedicated close-out team and are assigned a point of contact who remains available for any questions or concerns that may develop.
- Scott’s expansive background in the industry has developed his forward-thinking mentality and his expertise stems from a wealth of Mechanical Construction knowledge.
- Discover how Potomac Accounting Solutions can empower your business with robust, efficient, and accurate financial management.
- Chris began his construction career as a teenager with a natural passion for the industry.
- Daily construction bookkeeping and controller services for real-time decision making.
- Professional bookkeepers and controllers who know construction and work inside the tools you already use, like Buildertrend.
- Austin’s proactive approach to work, problem-solving capabilities and passion for construction leads to successful project outcomes.
He will take care of these accounting concerns for you to focus on your clients, running your business, and establishing yourself in the industry. Your bookkeeper job-costs your transactions into your systems (e.g. Buildertrend, Jobtread, etc.), categorizes your non-job transactions in Quickbooks, reconciles your accounts, and produces your financial statements. You will work closely and directly with a highly skilled team of U.S. based construction accountants. You’re assigned a Bookkeeper to do the daily lifting and a Controller to oversee quality, meet with you monthly, and keep you moving in the right direction.
S. Jae Lee, CPA
We provide comprehensive financial services that encompass a variety of needs, including payroll services, tax preparation, and financial planning. Our advisors work closely with you to strategize and implement the financial moves that support your business objectives. On the human capital side of the business, he’s responsible for the coordination and cohesiveness of the team, along with maintaining a positive and professional environment for his staff to thrive and grow. Furthermore, if your goal is to increase profitability, you’ve come to the right place. Ted understands perfectly well how failure in accounting to report the costs throughout the construction process accurately can result in inconveniences. So, if you are not familiar with accounting for construction services, it’s time to call for Ted to move your company to the next level and beyond.
- He can help you find out how much of a salary you can take or afford or if you have enough withholdings.
- Our goal is to streamline your accounting processes, ensuring that your financial operations help drive your business success.
- At OnBudget Construction Bookkeeping, we specialize in providing comprehensive financial help for homebuilders and developers in Maryland.
- We offer year-round tax planning to minimize taxes for all kinds of construction businesses.
- You can even get assistance in tax planning since Ted knows the up-to-date Federal and State taxation laws and how they can affect both your business taxes and your personal taxes.
- Chloe’s communication skills and previous experiences in marketing make her a great addition to the Potomac Construction team.
He can relate to every member of the project team no matter their role and at the same time relate to the needs of the project owners. Joe brings decades of relationships in the Washington, D.C., region, giving him the ability to connect our firm with reputable architects, subcontractors, and other specialty resources. Like many construction firms, I started out wearing all the hats, so I prioritized estimating and production over bookkeeping and admin work, which in time led to larger problems. It is guaranteed that business owners will have the necessary financial statements to obtain the best rates for construction surety bonds and business financing. Discover how Potomac Accounting Solutions can empower your business with robust, efficient, and accurate financial management.
