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STAGE 3:  FINANCIAL SYSTEMS

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If talent is the foundation then your financial systems have to be the first floor.  This floor is not glamorous but it is crucial.  It houses the critical electrical, HVAC, fire, security and other systems.  You cannot build a strong building without having BOTH a strong foundation and a strong first floor. 

Financial systems are typically setup just to meet the minimal requirements of GAAP and provide you with the basic P&L, Balance Sheet and possibly some basic ratios for the bank or bonding company. 

While these are important documents you cannot effectively run a company without having detailed information down to the job level in almost real-time.  Financial systems should be designed and run to match your organizational structures.  They should measure the performance of every aspect of your business.  They should tie together with both your field production tracking and your market development efforts. 

The RCCA will evaluate your accounting system, controls you have in place, speed, accuracy, how well they tie to other parts of your business.  This is the first point of focus in the CCD (Construction Company Development) program because it creates both a historical baseline from which to measure future results of other parts of the program.   

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