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.
Need to outsource something else? Search for proactivefinancial advisorsandfractional CFOson Sam’s List too. Make sure to check the reviews, it’s one of the most important parts of your vetting process!
Need to outsource something else? Search for proactivefinancial advisorsandfractional CFOson Sam’s List too. Make sure to check the reviews, it’s one of the most important parts of your vetting process!
Featured Accountants
"I own a number of small businesses and have a rather complicated tax return... CPA on Fire has been wonderful in helping me grow and strategize over the years. They are talented, patient, and I trust them. Highly recommended."
3 Client Reviews
"Kaley Pate at Fiat Finance has been incredible to work with. Communicative, thorough and quick. I can't recommend highly enough!"
25 Client Reviews
"Nimbl works at holding the sacredness of trust carefully in how they prepare, follow through, and reconcile perceived or real discrepancies. They provide us peace of mind, day-to-day, and a supportive perspective of the future enabling us to prepare and position ourselves to make the most of every opportunity. They are high-quality people who demonstrate proficiency and competency in their work and utilize processes that make it predictable. We enjoy connecting them with other people because we know that they will help make their life, business and future better."
Accountants
21 Client Reviews
"Good Operator feels like home—a space that goes beyond simply meeting requirements. It’s about growth, clarity, and a sense of order. Chase and his team are truly exceptional, providing me with a safe and supportive environment to expand my business."
Taking You From Where You Are To Where You Need To Be
Our firm specializes in providing comprehensive bookkeeping and tax services for small businesses, along with expert tax planning for individuals, acting as a trusted advisor and partner to support their growth and success, operating remotely with an office in San Jose.
Not Just Numbers. It's Peace Of Mind.
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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.
FrequentlyAsked Questions
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.,
Not sure who’s right for your construction company? Answer a few quick questions, and we’ll introduce you to someone who fits.
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