Construction Accounting and Bookkeeping Services
Keep each project in view. Every project has its own budget, billing cycle and cash demands. CrownGlobe’s construction accounting services bring the books into a consistent monthly process, so you can see how project activity connects to your business finances.
A scope built around your jobs. Our construction bookkeeping services start with your job structure, source records and reporting needs, whether you run a general contracting, roofing or HVAC business. We define the accounting scope around the way your team works.
Connected support from CrownGlobe. Agree the bookkeeping, payroll and CFO support your business needs, with clear responsibilities for every report and reporting cycle.
Operating Areas
Job costing & work in progress
Connect labor, materials and subcontractor costs to the right job. Assess the estimates and project records needed for a useful work-in-progress schedule.
Progress billing & retainage
Keep contract billings, approved changes and retained amounts visible. Distinguish what has been billed from what is currently collectible.
Certified, prevailing-wage & union payroll
Identify project classifications, time records and payroll requirements early. Specialized processing and reporting are confirmed separately before inclusion in scope.
Subcontractor 1099 & compliance records
Organize subcontractor payment details and W-9 records. Agree the year-end review and filing responsibilities with your accounting and tax teams.
Construction Accounting Services
Choose the CrownGlobe services your business needs, with clear responsibilities and a scope agreed before work begins.
Connect recurring bookkeeping, reporting and financial support with the way your team operates.
Contact Us
A bookkeeper for construction company owners can organize job costs, reconcile accounts and prepare the agreed monthly financial reports. Define job coding and review responsibilities at onboarding.
Connect payroll records with the books and labor reporting. Certified, union and prevailing-wage requirements receive a separate scope review.
Discuss cash needs, project margins and backlog using agreed reports. Bonding-related schedules depend on the recipient’s requirements and confirmed capabilities.
Review prior periods, reconcile accounts and document open items to establish a clearer starting point for monthly reporting.
Connect the jobsite to the financial picture
Whether you work with a construction accountant or manage the books in-house, a useful process connects project information with the ledger. Agree inputs, checks and reporting responsibilities before each month-end cycle.
Job-cost visibility
Use consistent job and cost codes to separate project expenses from overhead. Review coding exceptions and compare actual costs with the budgets your team supplies.
Billing and collection tracking
Reconcile billing activity, receipts and retainage balances. Maintain a clear list of unpaid invoices and follow-up items for your project and finance teams.
Payroll coordination
Agree how approved time records and payroll reports reach the books. Define the treatment of job labor and any specialized payroll reporting before work starts.
Subcontractor records
Keep vendor details, W-9 documentation and payment records together. Flag missing information for review before the agreed year-end preparation process.
Financial and project reporting
Bring reconciled financial statements together with the job reports included in your engagement. WIP and overbilling or underbilling schedules require confirmed scope and reliable estimates.
Cash-flow planning
Review expected collections, retainage release assumptions, payroll and supplier commitments. Use a forecast agreed with your team to discuss upcoming cash needs.
Construction Accounting Deliverables
Accountants for contractors need reliable project records and clear reporting responsibilities. Agree the reporting package, source records and review dates at onboarding. Specialized schedules and payroll support require a confirmed scope.
Monthly job-cost reports
Project cost detail using the agreed job codes and available labor, material and subcontractor records.
WIP, Overbilling & Underbilling
Where confirmed in scope, a schedule using contract values, costs to date and current estimates supplied by your team. Where agreed, a comparison of project billings and recognized revenue under the applicable accounting method.
Receivables aging with retainage
Unpaid balances and retained amounts shown separately, with collection and release items available for review.
Certified payroll support
Project-specific records and reporting assistance only after specialized payroll capability and requirements are confirmed.
Subcontractor 1099 & W-9 records
Organized payee and payment documentation supporting the agreed year-end review and filing workflow.
Lender & surety reporting package
Prepare statements and supporting schedules around confirmed lender and surety requirements. Any compilation, review or audit required from a construction CPA is arranged as a separate professional engagement.
Industry-Specific Benefits
Accurate job margins
Consistent cost coding and reviewed project inputs make it easier to understand where the margin on each job comes from.
Faster payment application cycles
Organized billing records and review responsibilities can help your team prepare payment applications with fewer repeated questions.
Fewer payroll compliance errors
Clear input checks and defined responsibilities help identify missing information before payroll and reporting deadlines.
Bank-ready & surety-ready financials
Agree the recipient’s reporting requirements early. A confirmed scope helps assemble the records needed for funding or bonding discussions.
One team for books, payroll & CFO support
Coordinate contractor accounting services, payroll and financial planning through the services included in your engagement.
Better project decisions start with organized records
Job reports are only as useful as their inputs. A structured reporting process connects contract information, cost records and the monthly close, with assumptions and unresolved items visible.
Monthly Job-Cost View
Review labor, material and subcontractor costs alongside the budgets supplied by your team. Consistent job coding helps explain project margin movements.
WIP & Billing Position
Where separately confirmed in scope, compare current project estimates with billing activity. Keep WIP assumptions, retainage and open billing questions visible.
Cash-Flow Forecast
Bring expected receipts, payroll, supplier commitments and retainage release assumptions together in the forecast agreed with your team.
Backlog & Funding Review
Use recorded project commitments and reconciled statements to discuss upcoming capacity and funding needs. Lender or surety schedules depend on confirmed requirements.
Case Study
Keeping Every Project’s Costs Under Control
Construction businesses often run several jobs at once, and costs can drift quickly without clear job-level records. One growing contractor was managing multiple projects but could not easily see which jobs were on budget. CrownGlobe organised job costing, tracked progress billing and prepared regular financial reports with a clear review process. This helped the owners compare estimates with actual costs, plan cash flow around payment cycles and make confident decisions about taking on new projects.
Technology & Accounting Software
Start with the tools your business already uses. We review sample data and confirm the supported workflow before agreeing software access, exports or a reporting setup.
QuickBooks Online
Review account setup, job coding and available reports before confirming the supported accounting workflow.
QuickBooks Desktop Contractor
Assess the edition, project structure and reporting detail to agree the work that can be supported.
Procore & Buildertrend
If these tools are part of your process, share project and cost exports so the detail and reconciliation needs can be assessed.
Foundation & Other Job Systems
Review available exports, job identifiers and report formats. Any connector or integration work requires separate confirmation.
Engagement Model
Start with Standard
$125/ Per MonthIdeal for independent contractors and smaller construction businesses. Includes bookkeeping for revenue, expenses and payroll records, with monthly financial statements.
Start with Growth
$245/ Per MonthDesigned for contractors managing multiple projects or seeking financial advice. Adds weekly KPI reports, project-cost analysis and quarterly strategy calls.
Start with Virtual CFO
$345/ Per MonthFull service including all Growth features, plus advanced forecasting, BI dashboards and financial metrics such as project profitability and cash flow. Designed for growing contractors and multi-project construction businesses.
FAQs
Answer: When comparing accountants for contractors, review the monthly plans shown above and confirm which services your business needs. Transaction volume, active jobs, payroll requirements and specialized project schedules determine the agreed scope. Catch-up work is scoped separately.
Answer: CrownGlobe offers payroll processing. Certified, prevailing-wage and union payroll require a separate review of project rules, classifications, time records and reporting needs. Confirm the team’s capability and the precise processing and submission responsibilities before including this work in your engagement.
Answer: Work-in-progress reporting brings together contract values, costs to date, current cost estimates and billing activity for unfinished jobs. It can help explain project margins and billing differences. Whether you need a WIP schedule depends on your contracts, accounting method and lender or surety requirements. CrownGlobe’s WIP scope must be confirmed before engagement.
Answer: Retainage is an amount withheld under a contract until specified conditions are met. Tracking it separately from other receivables makes the outstanding balance and expected release easier to review. Recognition, classification and timing depend on the contract and accounting method; the treatment should be agreed with your accounting adviser.
Answer: Share your bonding company’s reporting checklist and deadlines during discovery. CrownGlobe can assess whether the requested bookkeeping records and supporting schedules fit the engagement. Surety-specific reporting capability must be confirmed. Any compilation, review or audit required from a construction CPA must be arranged as a separate professional engagement.
Accelerate Your Business Growth
Discover related services to support the next stage of your business.
Build your next project on clearer numbers
Tell us about your active jobs, bookkeeping systems and reporting priorities. We will review the requirements and outline the accounting, payroll and CFO support that fits your business.
Schedule a Consultation