Accounting Firms for Construction Companies in District of Columbia
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Featured Accountants
Steady Co - Accounting, Tax & Fractional CFO
13 Client Reviews
"Everything has been easy, professional, and straight forward."
YOLO Numbers
4 Client Reviews
"Great! They took some really messy books, cleaned them up, did much better tax planning than my former accountant.
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
Bookkeeper360
2 Client Reviews
"I have found the overall service invaluable to the success of my business. Highly recommend the team at BK60."
Accountants
Showing 1 - 10 of 12 results
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.
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.
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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