Construction

INDUSTRIES

Accounting for Construction Industry

At The Accounting Firm LLC, we recognize the complexities that construction companies face—ranging from project-based accounting to multi-state compliance and cash flow fluctuations. Our accounting services are purpose-built to meet the specific needs of general contractors, subcontractors, builders, and construction service providers.

We help you gain full visibility over your job costs, streamline billing processes, and ensure your financials support both regulatory compliance and operational growth.

Our Construction Accounting Services Include:

  • Job Costing and Profitability Analysis
    Track labor, materials, subcontractor payments, and overhead by project to clearly understand profitability and avoid cost overruns.
  • WIP Schedules and Percentage-of-Completion Reporting
    Ensure accurate revenue recognition and financial reporting with Work-in-Progress (WIP) schedules and progress billing reports—critical for bonding, loans, and compliance.
  • Contractor Payroll and Prevailing Wage Support
    Process complex construction payrolls including certified payroll reports, union deductions, multi-state wage compliance, and direct deposit options.
  • Project Budgeting and Forecasting
    Establish realistic budgets per job and monitor performance with variance analysis to support decision-making throughout the construction lifecycle.
  • Vendor and Subcontractor Management
    Maintain organized records for contractor payments, 1099 issuance, lien waivers, and compliance with subcontractor agreements.
  • Multi-Entity and Multi-State Tax Compliance
    Stay compliant with tax obligations across jurisdictions, including sales/use tax, franchise tax, and gross receipts tax in applicable states.
  • CPA-Level Oversight and Advisory
    Gain a strategic partner who not only manages your numbers, but also advises on improving cash flow, project profitability, and long-term financial planning.


At The Accounting Firm LLC, we provide construction professionals with more than just accurate books—we offer clarity, efficiency, and the financial foundation to scale with confidence. With deep industry insight and CPA-driven accuracy, we help you build smarter.