Accounting Firms for Construction Companies

Find an accounting firm who specializes in construction accounting—project-based, GAAP-compliant, and built for job costing. Whether you’re a general contractor, subcontractor, or construction firm, the right accountant will help you manage project budgets, forecast cash flow, and stay compliant with ASC 606, WIP schedules, and tax regulations. Sam’s List connects you with accountants who understand the unique financial challenges of the construction industry.
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Featured Accountants

Zero Tax

Flat rate single source accounting, bookkeeping and tax solution for small to medium size businesses.

Purewater Financial

1 Client Reviews

"without a doubt 💯 Worked together for 2-3 years. Great service. Organized. Responsive. Knowledgeable. Always learning and sharing new info!"

Accountants

Construction Accounting: What You Need to Know

Construction accounting requires job-level visibility. It involves managing labor, materials, subcontractors, retainage, and progress billing. A construction-focused accountant helps you stay on top of WIP schedules, accurately calculate percentage-of-completion revenue, and ensure subcontractor payments are correctly classified. With multiple projects running simultaneously and payments often delayed, proper accounting is crucial for profitability and compliance. The right accountant can also advise on depreciation of heavy equipment and help forecast cash needs across long timelines.

What kind of accounting do construction companies use?

Construction companies may use cash basis, accrual basis, the completed contract method (CCM), or the percentage of completion method (PCM). GAAP standards, including ASC 606, often require percentage-of-completion for accurate revenue recognition.

What does an accountant do in construction?

A construction accountant helps manage budgets, track project costs, forecast profitability, and reduce financial risk. They ensure accurate reporting across multiple jobs, monitor retainage, and help make informed decisions about labor and materials.

What is the best accounting software for a construction company?

Popular choices include Sage 100 Contractor, QuickBooks for Contractors, CMiC, FOUNDATION, and Deltek ComputerEase. The best option depends on your company size, project volume, and whether you need features like job costing, payroll, and progress billing.

What is the difference between construction accounting and regular accounting?

Unlike regular accounting, construction accounting is project-centric. Each job is treated as its own profit center, with separate tracking for labor, materials, and revenue recognition over time.

What are GAAP requirements for construction accounting?

GAAP requires construction firms to follow standardized revenue recognition methods like PCM or ASC 606 for long-term projects. Accurate WIP reporting and project-based forecasting are also essential under GAAP standards.