Full-Service Construction Bookkeeping
Your designated bookkeeper tracks revenue and operating expenses for your construction business, and shares results through easy-to-understand reporting.
Accounting Services for the Construction Industry
Centralized accounting, job costing, work in progress reports, payroll, and tax compliance, built for modern construction contractors and builders.
400% ROI on average
from our services
Based on avg. tax refund per client
from our services
Based on avg. tax refund per client
Construction accounting for contractors and builders
Full-Service Construction Bookkeeping
Your designated bookkeeper tracks revenue and operating expenses for your construction business, and shares results through easy-to-understand reporting.
Claim Every Construction Deduction
CPAs and your tax team identify every eligible deduction, including equipment, supplies, and vehicle travel costs from job site to job site, minimizing your tax liability.
Tax Preparation and Filing
Your accountant prepares and files your federal and state tax returns, ensuring compliance and maximum tax savings for your contracting operations.
Why you should choose 1-800Accountant
The complexity of your tax situation grows as your construction business expands, increasing the risk of errors and overpayments. Fortify your financial foundation by collaborating with tax professionals experienced in the nuances of construction accounting across all 50 states. It's the best way to save time, maintain compliance, and achieve better results, allowing you to retain more of your income as you focus on your next project.
Your construction accountant helps maximize performance
Your dedicated accountant addresses your construction accounting requirements, navigates local and multi-state rules, and ensures tax efficiency.
Construction deductions help you keep more
We minimize your tax liability by tracking deductions related to your operations, including meals and materials.
Year-round strategic support
Your construction tax advisor addresses tax questions, evaluates your current business entity structure, and periodically optimizes tax strategy.
Packages & pricing
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you.
Core Accounting
Best for businesses that need more advanced features, including tax filing and planning, to maximize their tax savings.
$249/mo
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you.
Builders and contractors save the most with construction accounting services. Get started with an accounting expert today.
Customer spotlight
"I have been with 1-800Accountant for 10+ years, and my payroll experience with Fatima P. has been the best so far. Her professional and compassionate demeanor is unparalleled, and her follow-through is exceptional. I appreciate her help and dedication to my payroll account so much."
Massage Logic LLC
Carrie Stone
Massage Logic LLC
Carrie Stone
Frequently Asked Questions
Accurate job costing helps general contractors and builders understand each project’s financial health (which must be tracked separately). Job costing schedules reflect estimated and actual revenues and expenses for each contract. Updates to the job costing schedules, including actual costs and revised profit margins, are applied to each project. Construction businesses use accounting ratios, including current, quick, and debt-to-equity ratios, to assess project profitability and overall financial health. Construction businesses often look to accountants for job costing and project profitability tracking.
Incremental invoicing over the course of a construction project, sometimes over years, is known as progress billing, and the American Institute of Architects (AIA) billing is a standard invoicing system commonly used in construction. When you trust 1-800Accountant with your complex construction accounting work, we match you with a qualified team experienced in meeting your business's distinct accounting needs, including support for your progress and AIA billing.
Our affordable, full-service payroll solution, powered by experts, will run payroll for you each period and handle payroll tax submissions. Spend minutes on payroll each month, not hours, with this service, enabling your employees to be paid in just a few clicks. If you need help managing government-mandated certified payroll and union reporting, our payroll experts can provide the support you need to comply with contractual requirements. As with all 1-800Accountant services, our payroll pricing is tax-deductible.
1-800Accountant favors our proprietary bookkeeping platform, ClientBooks. We believe it’s the best accounting software for your construction business. Our platform is compatible with leading bookkeeping software, including QuickBooks Online, FreshBooks, and Wave. Our bookkeepers are fluent in these platforms, ensuring seamless integration and financial data management for your construction business.
Creating a tax planning strategy to help achieve your short- and long-term business goals while maintaining compliance is essential. Your tax strategy should aim to efficiently reduce your construction business's annual federal and state tax liability. Tax planning should save time and resources, but it’s typically not a single activity. It can involve a combination of supporting tactics that the experts at 1-800Accountant can assist with.
Successfully managing your construction business's cash flow helps keep your business running smoothly. Improving cash flow, particularly between draws, delays, and material costs that impact construction businesses, is essential. 1-800Accountant can help improve your business's cash flow with strategic planning and regular monitoring of key metrics, including tracking material usage and days sales outstanding.
Cyclical construction work is typically driven by external factors, including economic and seasonal conditions, with work performed during certain periods followed by periods of inactivity. These scenarios require careful tax planning to support your business throughout the year, which 1-800Accountant can spearhead.
WIP reporting involves tracking costs, status, and overall progress for each construction project that is not yet complete. This type of reporting is essential for long-term construction projects. 1-800Accountant can support your business by producing work in progress reports for your current and upcoming projects.
1-800Accountant supports your construction business's multi-state and out-of-state projects primarily through a tax and financial lens. These projects may require your business to address sales, use, payroll, withholding tax, nexus, and overall financial planning and budgeting, which your 1-800Accountant team can support.
Your designated bookkeeper can assist with integrating your spreadsheets into our proprietary bookkeeping platform, ClientBooks. Whether you've been using custom spreadsheets to track business performance or do-it-yourself software, ClientBooks is designed to be widely compatible across scenarios, so you can hit the ground running.
1-800Accountant's outsourced payroll service supports subcontractor payments, contractor compliance, and the preparation and distribution of applicable 1099 forms. Depending on the specific requirements, 1099s are sent to the IRS and, if applicable, to your state. We then file these forms electronically, concluding the process.
1-800Accountant supports your construction business during audits or project reviews by preparing all necessary accounting and financial documentation for the project or program being scrutinized. It's not uncommon for construction audits and reviews to be conducted to ensure year-long projects stay on track and meet objectives and milestones.