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Bid Better Because You Measured The Last One
Job-level costing, retainage tracked, subcontractors documented, and statements a bonding company will accept.
What Construction Books Have To Handle
Construction accounting carries requirements most businesses never encounter, and the ones that get skipped tend to be the expensive ones.
- Costs coded by job across labor, materials, and subcontractors
- Retainage receivable and payable tracked separately from open invoices
- Change orders captured against the original contract
- Subcontractor W-9s and insurance certificates collected before payment
- Work in progress reported for jobs spanning a period end
- Equipment cost and depreciation handled deliberately
Retainage And Work In Progress
Retainage held on a job is money earned but not yet collectible, and treating it as an ordinary receivable distorts both cash flow and the aging report. It is tracked separately.
Jobs that cross a period end need work in progress reported, or the month shows all the cost and none of the revenue. That is what makes a profitable contractor's statements look alarming to a lender who does not know why.
Where The Money Leaks
- Change orders performed and never billed
- A subcontractor paid without a certificate of insurance, charged to your comp policy at audit
- Materials bought for one job and coded to another
- 1099s missed on unincorporated subcontractors
- Bids repeated from a job that actually lost money
Construction Accounting In Huntsville, AL And Madison County
General contracting, plumbing, and specialty trade businesses across Huntsville, AL, Harvest, AL, Athens, AL, and the surrounding growth corridor use this work. Construction is one of the industries this practice serves most.
Before You Call About Construction Accounting
Do I need percentage of completion accounting?
It depends on job length, contract size, and what your lender or bonding company requires. Many smaller contractors are fine on a completed-contract or accrual basis with work in progress reported.
How do I stop losing money on change orders?
Capture them in the accounting file as they are approved rather than at the end of the job. If it is not recorded when it is approved, it usually is not billed.
Will this help with my workers' comp audit?
Directly. Payroll coded by classification and subcontractor certificates matched to payments are exactly what the auditor asks for, and having them ready is what keeps the premium honest.
Next Steps Clients Take
Job Costing
Labor, materials, subcontractors, and equipment coded to the job so each project carries its own profit and loss, with estimate-to-actual comparison that makes the next bid better and feeds the comp audit and bonding statements.
Read moreWorkers' Compensation Audit Support
Payroll organized by classification code, overtime adjusted where the rules allow, owner exclusions applied, and subcontractor certificates matched to payments before the auditor arrives, then the resulting worksheet checked before the bill is accepted.
Read more1099-NEC / 1099-MISC Preparation & Filing
Vendor activity reviewed against the reporting thresholds, contractors separated from exempt payees, missing W-9s chased, and 1099-NEC and 1099-MISC forms delivered to recipients and transmitted by the January deadline.
Read moreLet's Look At Your Numbers Together
Twenty to thirty minutes, in person at the Harvest, AL office, by phone, or by video, whichever suits your week.