Construction & Real Estate Development
Project-based accounting, complex job costing, and fluctuating timelines can create major financial blind spots for construction and real estate development firms.
Ascend delivers financial systems designed to track risk, progress, and profitability in real time.
How we help
We work with developers, builders, and construction firms to implement accounting systems that accurately reflect job performance, cash flow, and multi-entity operations. Whether clients need a cost-to-complete model, project-level forecasting, or better alignment between field activity and financial reporting, our team brings structure and insight to fast-moving development environments.
Ascend gives clients the tools to make informed go/no-go decisions and proactively manage financial risk across portfolios.
“Ascend gave us real-time visibility into job costs, and the control to protect our margins.”
Case Study: Large-scale Developer Client
The Challenge:
A commercial real estate developer experienced recurring budget overruns and cash flow volatility due to delayed job costing updates and disconnected project data. Field supervisors reported costs manually while the finance team operated two systems with inconsistent categorization.
The Solution:
Ascend deployed a project-based accounting structure integrated with the client’s project management software. They redesigned the cost code structure, implemented a cloud-based expense capture tool for field use, and automated job-to-ledger reconciliation. Weekly cost-to-complete reports gave project managers real-time visibility, resulting in a 25% reduction in cost overruns and a 30% improvement in forecast accuracy.
“Before Ascend, our job costing system was 20 days behind the work happening in the field, and that lag was killing our margin visibility. Ascend came in, rebuilt our cost codes, trained our project managers on proper tracking, and integrated our field data with our accounting platform. Now, we get real-time cost-to-complete reports, variance alerts, and clean WIP schedules. We’ve shaved 12 hours off every close cycle and reduced billing errors by 70%”