Construction companies, real estate agencies, and property investment firms are realizing the benefits of outsourcing or co-sourcing their accounting function. PYA offers an unsurpassed solution and unique approach to client accounting advisory services, deploying the comprehensive and collective expertise of a full-service team of experienced accounting professionals.
With a trusted advisor to handle your accounting and financial reporting, you can focus on running your business. With PYA as your partner, you will benefit from consistent, cost-effective, and trusted accounting services.
Real estate and construction businesses manage project costs, cash flow, reporting deadlines, tax considerations, and operational decisions that rarely fit a simple accounting model. PYA provides fractional accounting support that helps companies strengthen day-to-day accounting, improve financial visibility, and keep leadership focused on running the business.
Reliable financial information is essential for owners, developers, contractors, and property investment firms making timely business decisions. PYA supports monthly accounting, financial and operational dashboard reporting, analytical analysis, QuickBooks support, and advisory guidance designed to turn accounting activity into useful management insight.
As accounting needs grow, businesses may need higher-level financial guidance without adding a full internal team. PYA provides fractional accounting, outsourced controller and CFO services, tax assistance and planning, external audit support, and concierge business support services tailored to real estate and construction organizations.
Fractional accounting provides part-time or outsourced accounting capacity that can range from transaction support to controller and CFO-level guidance. It may be useful during growth, turnover, system changes, transaction activity, or periods when reporting and cash management needs exceed the internal team’s capacity. The scope should be based on the work the business needs, not a generic service package.
For construction businesses, the close may include job costs, contract billings, work-in-progress schedules, commitments, change orders, payroll, receivables, payables, and cash. For real estate entities, it may include property-level income and expenses, rent or other receivables, debt, capital projects, intercompany balances, and cash. All material accounts should be reconciled and reviewed on a consistent schedule.
Measures should reflect the business model and the decisions leaders make. Construction dashboards may include backlog, project margin, budget-to-actual results, billings, receivables, commitments, and cash. Real estate dashboards may include occupancy, collections, property results, capital spending, debt, and liquidity. Definitions, source systems, reporting periods, and accountable owners should be documented.
Document who initiates, approves, records, reconciles, and reviews significant transactions. Use role-based system access, approval limits, independent bank reconciliations, controlled vendor changes, supporting documentation, and regular management review. The arrangement should address segregation of duties and escalation when the organization is too small to separate every function internally.
A fractional controller typically focuses on the close, accounting policies, reconciliations, controls, and reliable financial reporting. A fractional CFO generally focuses on forecasting, cash and capital planning, financing, performance analysis, and strategic decisions. Some organizations need both roles at different levels of effort. The distinction should be based on responsibilities, decision needs, and the capacity of the existing team.
Over our 40-year history, PYA has consistently delivered high-value advisory services to our national client base. Our team is deployed to develop custom plans using proven approaches and work plans.
Private ownership means we answer only to our clients, not to third-party investors, giving us the freedom to be thorough and thoughtful in our work. We judge our success by our clients’ success.
We value long-term relationships and work hard to maintain them. Our commitment to client relationships and the communities we serve remains constant.
PYA has a reputation among clients for responsiveness. PYA's goal is to respond to calls and emails within 24 hours when possible.
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