Construction Accounting
Accounting Built Around Your Projects
Construction businesses earn revenue and incur costs project by project. We provide job costing, budgeting, cost control, progress billing, and project financial reporting support so contractors can understand the financial story of every job.
The Challenge
Why Construction Accounting Is Different
General bookkeeping is designed to describe a business as a whole. Contractors also need to understand each project, and that requires a different structure for recording, tracking, and reporting financial activity.
Profitable overall, unclear by job
Company-wide financial statements can look healthy while individual projects lose money. Without job-level detail, it is hard to tell which work is worth pursuing.
Costs drift from the estimate
Materials, labor hours, and subcontractor costs change as work progresses. When actual costs are not compared to the budget regularly, overruns are discovered too late.
Billing takes time and invites questions
Progress billings, schedules of values, change orders, and retainage require careful documentation. Inconsistent records can slow down review and payment.
Cash is tied up across projects
Retainage, billing timing, and up-front project costs affect cash flow. Clear reporting helps you see what is owed, what has been billed, and what is still to come.
How We Help
Construction Accounting Services
Each area supports the others, from the first budget to the final billing.
Job Costing
We set up and maintain a job and cost code structure that reflects how you build, then assign every cost and every dollar of revenue to the project it belongs to.
- Labor, materials, subcontractor, and equipment costs by job
- Cost codes aligned with your estimates
- Change order tracking
Construction Budgeting
Estimates become working budgets organized by phase or cost code, giving each project a clear financial baseline to measure against.
- Budgets built from your estimates
- Phase and cost code organization
- Budget revisions for approved changes
Cost Control
Regular budget versus actual comparisons highlight variances while a project is still underway, when there is still time to respond.
- Budget versus actual reporting
- Variance identification and follow-up
- Cost-to-complete visibility
Progress Billing
We help prepare progress billings tied to work completed, maintaining a clear billing history for each contract.
- Billing based on percent or work completed
- Schedule of values maintenance
- Retainage tracking
AIA Billing Support
For projects that require AIA-style pay applications, we support preparation of the application and continuation sheet documentation.
- Pay application and continuation sheet support
- Consistency between billing and job cost records
- Organized supporting documentation
Project Financial Reporting
Reports that show how each project, and your portfolio of projects, is performing, presented in a format that is practical to review.
- Job profitability reports
- Project status and billing summaries
- Company financial statements alongside project detail
From Bid to Closeout
Financial Visibility Through the Life of a Project
Before the work begins
Turn the estimate into a structured budget and set up the job and cost codes needed to track it.
While the project is underway
Record costs to the right job, compare them to budget, track change orders, and prepare progress billings.
As the project closes
Reconcile final costs and billings, release retainage, and review how the job performed against expectations.
Budget versus actual, every job.
Who We Work With
Support for Contractors and Construction Businesses
We work with construction businesses that want clearer project-level financial information, whether they are establishing job costing for the first time or improving the processes they already have.
- General contractors
- Specialty and trade contractors
- Remodeling and residential builders
- Construction service businesses managing multiple jobs
Understand Every Project You Build.
Tell us about your construction business and the accounting support you need.