At The Accounting Firm LLC, we understand the unique challenges and opportunities that construction companies face. Whether you are a general contractor, subcontractor, builder, or service provider, our CPA-led team delivers tailored accounting solutions designed to help your business thrive in a competitive environment. 

We also serve businesses involved in Government Contracting, ensuring you meet rigorous compliance and reporting standards while maintaining control over your financial operations.

Why Choose Specialized Construction Accounting?

Construction accounting is far more than simply tracking expenses and revenue. Each project brings its own set of complexities, from job costing and billing to regulatory compliance and cash flow management. Our firm provides you with the expertise to navigate these challenges, reduce risk, and maximize profitability. We also understand the specific requirements of Government Contracting, including detailed cost tracking, strict documentation, and adherence to federal and state guidelines.

Our Construction Accounting Services Include:

• Job Costing and Profitability Analysis
  

  We help you track labor, materials, subcontractor payments, and overhead by project, so you can clearly understand the profitability of each job. This level of insight helps you avoid cost overruns and make informed decisions as projects progress. For companies engaged in Government Contracting, accurate job costing is crucial for compliance and successful contract management.

• WIP Schedules and Percentage-of-Completion Reporting
  

  Accurate revenue recognition and financial reporting are essential in construction. We prepare Work-in-Progress (WIP) schedules and progress billing reports, which are vital for bonding, securing loans, and meeting compliance requirements. These reports are especially important for firms working on government-funded projects, where transparency and accountability are key.

   

• Contractor Payroll and Prevailing Wage Support
  

  Construction payroll is often complex, involving certified payroll reports, union deductions, multi-state wage compliance, and direct deposit options. Our team ensures your payroll processes are efficient and compliant, whether you operate locally or participate in Government Contracting that requires prevailing wage documentation.

• Project Budgeting and Forecasting
  

  We work with you to establish realistic budgets for each job and monitor performance with variance analysis. This helps you manage resources effectively and make data-driven decisions throughout the construction lifecycle. Budgeting and forecasting are particularly important for Government Contracting, where accurate estimates and reporting can impact project success and future opportunities.

• Vendor and Subcontractor Management
  

  Our firm helps you maintain organized records for contractor payments, 1099 issuance, lien waivers, and compliance with subcontractor agreements. This level of organization supports smoother project execution and helps you meet the documentation standards required for Government Contracting.

• Multi-Entity and Multi-State Tax Compliance
  

  Construction businesses often operate across multiple states and entities, creating complex tax obligations. We help you stay compliant with sales/use tax, franchise tax, and gross receipts tax in all applicable jurisdictions. Our expertise extends to the specific tax requirements of Government Contracting, so you remain compliant and avoid costly penalties.

• CPA-Level Oversight and Advisory
  

  With our experienced CPA team, you gain more than just accurate books. We become your strategic partner, advising on cash flow optimization, project profitability, and long-term financial planning. Our insights are especially valuable for businesses involved in Government Contracting, where financial stability and compliance are critical for ongoing success.

Building a Strong Financial Foundation

At The Accounting Firm LLC, we believe construction professionals deserve more than just routine bookkeeping. We deliver clarity, efficiency, and the financial foundation you need to scale your business confidently. Our deep industry knowledge and commitment to CPA-level accuracy help you build smarter, whether you operate locally or in the highly regulated world of Government Contracting.

Contact us today to learn how our specialized accounting services can support your construction business and government contracting projects.