New York

Fractional CFO for Contractors in New York

Running a construction company in New York and not sure the numbers are keeping up? Our fractional CFO and controller team is led by a former construction CFO who oversaw major New York projects. We close your books every month, keep your WIP schedule current and plan your cash, in your office part of the week or remotely.

Sound Familiar?

Your jobs got bigger, but your back office didn’t.
Retainage on long jobs ties up cash for months after the work is done.
Change orders get approved late and paid later.
Your bank or surety wants statements you can’t produce on time.
Your WIP schedule is late, or nobody trusts it.
A full-time CFO would cost $200,000 or more a year, and you don’t need one every day.

If two or more of these sound familiar, let’s talk.

What We Do

Fractional CFO and Controller Services in New York

CFO Strategies works with general contractors, subcontractors, builders, and HVAC and roofing companies in New York City, Westchester and Long Island. A fractional CFO in New York gives you a part-time CFO and controller team that knows construction, instead of a full-time hire. We close your books every month, keep job costs and your WIP schedule current, and plan your cash, so you can see which jobs are making money while there’s still time to act.

Every month

Books closed and reconciled on time
Job costing on every job
A WIP schedule with over and under billing
A 13-week cash flow forecast
Financial statements your bank and surety can rely on
A monthly meeting to walk you through the numbers

When you need it

An annual budget and business plan
Lines of credit, term loans and mortgage loans
Bank and surety meetings, with the reports your surety asks for
Cleanup of books that have fallen behind
Getting ready to sell or bring in a partner

See all our services, how we handle WIP and job costing, or the software we work in.

Where We Work

Serving Contractors in New York City, Westchester and Long Island

We work with contractors across New York City’s five boroughs and in Westchester County. We can be in your office part of the week, work remotely, or both.

Long Island clients we usually serve remotely. We also work with contractors across New Jersey.

Boroughs and Counties We Serve

Manhattan

From the Financial District to Harlem, including Midtown.

Brooklyn, Queens and Staten Island

Kings, Queens and Richmond counties.

The Bronx and Westchester

Bronx County and Westchester County, including Yonkers, White Plains and New Rochelle.

Long Island

Nassau and Suffolk counties, usually served remotely.

Why Us

Built on New York Construction

Before founding CFO Strategies, Alan G. Lefkowitz, CPA, was CFO of a heavy construction company working on site, excavation, superstructure and drywall projects. He oversaw the financial performance of major New York projects, including the Yankee Stadium and the Goldman Sachs office tower.

Today most of our construction clients do $20 million to $40 million a year, and several carry more than $100 million in backlog. We’ve worked with builders on the commercial side, including high-rise condominiums, and with heavy civil contractors on excavation, foundations and superstructure.

Results

Results for Contractors

Obtained over $10 million in lines of credit, term loans and mortgage loans for a construction company.

Meet Alan

Led by a Former Construction CFO

Alan G. Lefkowitz, CPA, founded CFO Strategies in 2009 and has 46 years of business experience. For over 10 years he was CFO of mid-sized construction and real estate companies, overseeing the financial performance of major New York projects, including the Yankee Stadium and the Goldman Sachs office tower. Today he and his team bring that experience to contractors who need CFO-level help without a full-time hire.

From First Call to Monthly Reporting

1. Book a Call

Tell us about your company, your software and what isn’t working.

2. Free Cash Flow Review

We look at your books, WIP and cash position and tell you what we’d fix first.

3. Cleanup and Setup

We clean up what needs fixing and set up job costing and monthly reporting.

4. Monthly Reporting

Every month you get clear reports on job profitability, WIP and cash.

We can usually start within a couple of weeks, after a short review of your books. See how it works or view our pricing.

FAQ

Frequently Asked Questions

Straight answers for New York contractors.

Which parts of New York do you serve?

New York City’s five boroughs (Manhattan, Brooklyn, Queens, the Bronx and Staten Island), Westchester County and Long Island. We usually serve Long Island clients remotely.

Can you work in our New York office?

Yes. In New York City and Westchester we can be in your office part of the week, work remotely, or mix the two. Most of the day-to-day work is done remotely.

How much does a full-time CFO cost in New York?

For a small to mid-sized private company in the New York and New Jersey market, a full-time CFO can cost $200,000 to $250,000 a year before taxes and benefits. A controller can cost $175,000 to $200,000, depending on the industry, experience and credentials. A fractional CFO gives you that level of help for the days you need. See how our pricing works.

Which types of contractors do you work with?

General contractors and construction managers, subcontractors, builders on the commercial side including high-rise condominiums, heavy civil contractors, and HVAC and roofing companies.

Which accounting software do you work in?

QuickBooks Online, QuickBooks Desktop, Sage 100 Contractor, Sage 300 CRE, Foundation, Sage Intacct, Viewpoint Vista and Plexxis. See what we do in each one.

Do you also work with contractors in New Jersey?

Yes. We work with contractors across New Jersey too, mostly in Central and North Jersey. See our New Jersey page.