Accounting and Bookkeeping of Construction Industry

You have a lot on your hands running a construction business; – material and supply purchases, keeping track of projects, managing workers and equipments across multiple sites, reviewing the progress they’ve made, and quoting for future projects are core areas. Most construction firms provide a wide range of services, which may include service work, design services, consulting, engineering, sourcing materials, and more. Having a way to keep track of expenses and profit in each category is crucial.

With so many demands on your mind and time, you need an expert accountant who can help you track, review, and communicate what you need to know about your numbers, so you can focus on the construction activity you’re passionate about.

Bookkeeping for construction is a unique and complex industry to work in.  We specialize in providing services to small and medium-sized construction businesses and providing customized management reporting at job, project, and company levels. Construction projects involve various expenses and revenues that need to be carefully tracked and recorded. Project accounting ensures that all costs are accounted for and that appropriate billing and invoicing are conducted.

Bankers and sureties gain more confidence in the construction company when they are provided with accurate and timely reports. Moreover, this helps to improve cash flow, reduce workload, and streamline accounting processes.

❖ Expense Report on a per-project, monthly, or quarterly basis.

❖ Creating a detailed Budget and Forecasting.

❖ Purchase order management.

❖ Preparation of Job cost reports and a Project profitability reports.

❖ Invoices to customers based on contracts.

❖ Payroll services for employees, workers, and subcontractors.