Ascent Consulting

Ascent Consulting

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We help GCs & trade contractors fix operations, implement Procore/ERP, and scale profitably. 100% construction-focused. šŸ“ž (404) 566-5855 We help you discover what’s been limiting your business and design and implement breakthrough solutions.

03/18/2025

Risk in construction isn’t just an ā€œOps problemā€ or a ā€œFinance problemā€ … it’s a company-wide issue. 🚨

But even still - we commonly see confusion between construction Field Ops & Finance teams about who should be responsible for construction risk management.

When there’s confusion about who’s managing the risk, it can also add fuel to the disconnect between Ops & Finance — two teams that our VP Jeff Robertson believes can already clash far too often.

That’s why Jeff will be breaking down this topic at CFMA of Georgia’s March Chapter Meeting this Thursday!

He'll be sharing his thoughts on bridging the divide between constructions Ops & Finance teams to promote a more effective & proactive risk management strategy for your construction company. āœ…

Jeff will also be hosting a live Q&A, so if you’ve got hot takes or questions of your own, this is the time to bring them! šŸ”„

03/04/2025

Who’s really responsible for managing risk in a construction company?! šŸ¤”

šŸ’°Finance & Accounting teams tend to think it's up to Operations to sort out...

šŸ› ļø Meanwhile, Operations teams tend to point the the finger right back at Finance & Accounting.

In reality, it's a shared responsibility — and if you ask our senior consultant Jeff Robertson, it's also one that too many construction companies simply overlook.

When risk isn’t proactively managed across both sides, it can lead to:
āŒ Cost overruns
āŒ Project delays
āŒ Long-term financial instability

Jeff will be breaking this topic down further at the upcoming Georgia CFMA chapter meeting, where he’ll discuss how Ops & Accounting teams need to align in order to mitigate & manage risk effectively.

You can get EARLY ACCESS to book your seat here āž”ļø https://hubs.ly/Q0394BG90

12/03/2024

Why do ā€˜percent complete’ & ā€˜earned revenue’ matter so much in construction accounting?

Our spreadsheet guru Greg Gorman's short answer is … these two figures are the inputs for your WIP Statement to ultimately calculate whether you are Overbilled or Underbilled for a particular project.

In our latest podcast episode, Greg dives into these topics & other best practices your construction company can start using today to improve your WIP (Work in Progress) reporting.

The WIP combines field insights with accounting data to determine if you’re on track with both budget and timeline. Just hearing ā€œwe’re halfway doneā€ isn’t enough.

We need to know: Are 50% of costs already spent, and have we billed 50% of the contract?

Tune in for step-by-step instructions on how you can use your WIP to manage progress with precision šŸ˜Ž

https://hubs.ly/Q02Z_KYg0

11/26/2024

A Work in Progress (WIP) statement isn’t just a report ... it’s a financial health check for every project you’re managing.

On our latest Construction Hot Takes - Deep Dive, our finance expert Greg Gorman dives into how WIP statements help you calculate ā€˜percent complete’ accurately.

This way, you know exactly how much work is done, what’s left, and whether your billing aligns with project progress.

When construction companies don’t fully leverage WIP statements, they risk missed billing, cash flow gaps, and confusion over project standing.

Don’t let that be your company — learn the steps to making WIP statements a core part of your financial toolkit!

Check out the new episode here:
https://hubs.ly/Q02Zq-H70

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400 Interstate N Pkwy #500
Atlanta, GA
30309

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm