For CPA firms
You can't keep the books on an attest client
Independence rules mean the audit or review client you're serving has to find their monthly accounting somewhere else. Who they find determines how clean your engagement is and how long your fieldwork takes.
What we build to
Built for the engagement we know is coming
We build to what an attest engagement actually needs, because we know it is coming.
Job cost that ties
To the general ledger, without a reconciliation exercise.
WIP that supports percent complete
With estimates at completion updated monthly and documented, not reconstructed at year end.
Subcontractor documentation that exists before it's requested
W-9s, executed agreements, certificates with coverage mapped against service dates.
Retainage aged by contract
Receivable and payable, stated separately.
Payroll coded to classification at the time entry level
Which also happens to be what a premium audit requires.
Shorter fieldwork, fewer adjustments, fewer client emails asking for schedules that were never built.
Where the line is
What we don't do
We do not perform audits, reviews, or compilations. We don't want to and we're not building toward it. Attest work is your engagement and we have no interest in it.
We also don't compete for the return. Where the client wants us to handle tax, we say so up front, and where you're already doing it we work to your requirements.
Who this fits
The client profile
Commercial contractors, $3M to $10M, typically bonded or working toward it. If that's below your sweet spot, these are the clients who need monthly accounting most and are hardest for you to serve profitably.
No referral fees
Neither direction. No revenue share, no finder's arrangements, nothing that would require disclosure to your client, your firm, or your state board.
Our client rewards program is for contractors referring contractors and does not extend to professional partners.
Who we are
Tom Woolley, Founder
Today CFO is a construction accounting and advisory firm in Houston serving commercial contractors nationally.
Tom Woolley founded the firm after a prior software company exit. Before that he spent nearly six years at Nabors Industries, running job costing and logistics for construction. He traveled internationally to monitor builds, vendor supply chains, inventory, and job profitability in the field.
He holds an MBA rather than a CPA, and the orientation is deliberate: an operator's practice built around the finance function, not a compliance practice that added advisory later. Attest work goes to a CPA firm. Returns are reviewed and signed by credentialed preparers.
Most of our construction clients are commercial contractors. Not construction adjacent, not residential remodelers.
We run the whole function remotely from Houston. Job costing, field receipt capture, accounts payable through Bill.com, and the subcontractor documentation an insurance audit asks for.
We work in QuickBooks Online and Xero, and rebuild the chart of accounts for job-level reporting when it isn't already.
Talk to us about a client
If you have a construction client whose monthly accounting is making your engagement expensive, tell us what the fieldwork keeps running into. We can be specific about what we would build.
Talk to us about a client