Construction & Development

Construction & Development Accounting Services

Construction and development companies operate in a complex financial environment with unique challenges including project-based accounting, progress billing, and regulatory compliance. Our specialized construction accounting services help contractors, developers, and construction firms maintain financial control while managing the unique aspects of the industry.

Construction Industry Financial Challenges

Project Cost Tracking Construction projects involve complex cost allocation across labor, materials, subcontractors, and overhead. We provide detailed job costing and project profitability analysis.

Progress Billing Complexity Percentage-of-completion accounting and retainage management require specialized knowledge. We ensure accurate revenue recognition and proper cash flow management.

Regulatory Compliance Construction companies must comply with licensing requirements, bonding regulations, and industry-specific tax rules. We help navigate these complex requirements.

Our Construction Accounting Solutions

Project Financial Management

• Job costing and project profitability tracking
• Budget vs. actual cost analysis
• Change order and variation accounting
• Project completion percentage calculations

Contractor Financial Services

• Progress billing and retainage management
• Subcontractor payment tracking
• Performance bond and insurance accounting
• Contractor licensing fee management

Development Accounting

• Land acquisition and holding cost accounting
• Construction financing and loan compliance
• Pre-construction cost tracking
• Development fee and profit sharing

Specialized Construction Services

Residential Construction

• Home builder accounting and cost segregation
• Model home and spec home financial tracking
• Warranty and defect liability accounting
• Customer deposit and progress payment management

Commercial Construction

• Large project financial management
• Joint venture and partnership accounting
• Equipment leasing and rental accounting
• Construction management fee tracking

Why Construction Needs Specialized Accounting

Project-Based Nature Construction is inherently project-based, requiring different accounting approaches than traditional businesses.

Cash Flow Challenges Long project timelines and retainage practices create unique cash flow management needs.

Regulatory Complexity Construction involves multiple licenses, bonds, insurance requirements, and industry-specific regulations.

Seasonal Variations Weather-dependent work and economic cycles create financial planning challenges.

Build Your Construction Business Success

Don’t let accounting complexities undermine your construction projects. Contact us today for specialized accounting services that support your construction and development business growth.