{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What's the difference between cash and accrual accounting in construction?","acceptedAnswer":{"@type":"Answer","text":"

In construction, accrual accounting — especially using percentage-of-completion or completed-contract methods — often provides more accurate financial reporting than cash accounting. It matches revenue to work performed, not just money received.\n
\nLearn more about our Preparation of Financial Statements and Review of Financial Statements.

"}},{"@type":"Question","name":"How do I track job costs across multiple projects?","acceptedAnswer":{"@type":"Answer","text":"

Organize labor, materials, subcontractor payments, and overhead by project. We help set up systems that track each job separately and allow you to see profitability by customer, phase, or location.\n
\nThis often pairs well with our Part-Time Controller/CFO services.

"}},{"@type":"Question","name":"What are my tax obligations as a Texas contractor?","acceptedAnswer":{"@type":"Answer","text":"

Most Texas contractors must file annual franchise tax returns and may have sales/use tax obligations depending on the nature of their work. We help ensure compliance with Texas tax laws and proactively manage your obligations.\n
\nVisit our State Franchise Income & Tax Return service page for more.

"}},{"@type":"Question","name":"Do I need certified financial statements for bonding or lending?","acceptedAnswer":{"@type":"Answer","text":"

If you’re pursuing public contracts, bonding agents or lenders may require reviewed or compiled financial statements. We help you prepare compliant reports that meet bonding requirements and instill confidence in stakeholders.\n
\nSee our Review of Financial Statements for bonding-ready reporting.

"}},{"@type":"Question","name":"Can Orsak CPAs help with subcontractor payments and compliance tracking?","acceptedAnswer":{"@type":"Answer","text":"

Yes. We help contractors implement systems for tracking subcontractor payments, managing 1099 filings, and documenting lien waivers — all critical for avoiding disputes and protecting your cash flow.\n
\nExplore how our Policies & Procedures support subcontractor compliance.

"}}]}