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CONSTRUCTION ACCOUNTING SERVICES

After working with several construction companies, we realised that this industry has unique challenges that ordinary accounting practices will not handle. The seasonality of the projects, tight profit margins, timing and availability of cash flow among others. Staying competitive in a dynamic environment requires proactive solutions that address more than just bookkeeping, tax and accounting.
Explore how our unique service offering can help you stay ahead of the game while staying focused on building those wonderful projects.

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Reporting Costs and cost control

Construction projects are generally capital intensive. Depending on the accounting system you have set up there are two common practices when

 dealing with costs. Some companies report costs after receiving bills. Even worse, these costs are reported at the end of the year when the accountant is asked to compile financial statements for tax purposes. Although this practice may save you some few pulas, you are missing out on the most important aspect that is crucial to your bottom line, cost control and cost analysis.

In order to maximize profits for the shareholders, management must control costs at all stages of the project. Monitoring and controlling construction costs for materials, labour, sub-contractors, equipment and other general overheads may be one of the most important activities that would determine the success and profitability of your projects

Working with us gives your company an edge to capture all costs as committed costs allowing management time to address cost overruns in good time

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Managing Cash Flows

Many profitable construction companies fail because they simply run out of cash and are unable to pay their bills. We have also seen some

construction companies close business due to high tax liabilities at year end. Whatever, the reason for failure, most of these challenges can be minimised if addressed in time.

We will work with you to prepare annual cash flow projections, analyse your cash requirements so you have time to source the necessary funding if required.

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CFO Services

If you have a fully-fledged accounting department, we can work with your team as the external Finance manager. That gives you access to qualified

and experienced professionals at a fraction of the cost compared to having a fulfill finance manager.

Book a free consultation to find out how our outsourced CFO services can help your construction company

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Who we serve

From small to larger construction firms and beyond, we serve clients from every facet of the industry including:

  • Commercial and infrastructure
  • Heavy and highway
  • Residential
  • General contractors
  • Specialty subcontractors
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Strategies and decision making

The covid-19 pandemic has had immense change in the business world, positive for some industries and negative for others. Situations like these call for agility and flexibility in decision making, re-evaluation of strategies, and the way we do things going forward.

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Testimonial

Our Clients Reviews

Lillian and your team, I just want to say thank you for guiding me through my first real estate investment decision making. I hope to do more business with you soon.
Barbara NsingoBotswana
I came to Lillian with a simple request to revise the supplier agreement done by someone else but rejected by the bank. Lillian and her team decided to draft a completely new contract and included detailed schedules with figures that capture the bank requirements. I was blown away with her level of knowledge. The outcome exceeded by expectations.
Alick M Botswana
Working with Lillian has been an AWESOME experience, and her service has exceeded my expectations. I finally found someone to help my business progress and organize all the financials affairs the right way. Thank you so much, my friend. I look forward to continuing working with you
Idris LameckBotswana
I have worked with Lillian since for over 6 years, and I must say, her communication skills and attention to my needs keeps improving by the day. I have no reasons to switch service providers any time soon. I would recommend her services to any business person who values timely communication.
MphoBotswana
My first time doing business with this firm and I must say, I’m encouraged. Thanks for quick and efficient delivery! Sure coming back to use your other services
LindieSouth Africa
I was struggling with paperwork and dreading the ques at immigration at the same time. The team really came through for us. I couldn’t believe that they managed to put together my financial statements within 4 days! With that, I was able to submit my work and residence application in time. I will certainly recommend your services.
Tendai KBotswana
Working with Lillian and her team was one of the best experiences I’ve had working with outsourced professionals. She has excellent communication and always willing to listen and implement any ideas I have or just talk through with me. This was our 2nd of many more projects to work on together
Benjamin S UK
Lillian and your team, you have no idea how much you saved me with the business plan edit. I had previously hired someone to do my business plan and pitch deck and needless to say it was incoherent. Lillian is extremely knowledgeable in entrepreneurship and experienced in what she does. She was always available no matter what time of day it was. Her communication was above average. Would definitely work with her again and recommend her to others.
Bill RUSA
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Call Us

+267 74 926 637
Address

Plot 104, Gaborone International
Commerce Park Gaborone, Botswana

Email Us

lillian@liopservices.com

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