Construction Accounting

Overview

What we deliver

We run construction accounting with job costing, WIP schedules, and percentage of completion reporting that lenders and bonding agents accept.

We provide accounting services for general contractors, specialty trades, design build firms, and home builders working on commercial and residential projects. Our team sets up job cost structures with phase, cost code, and cost type detail, then books labor, materials, equipment, subcontracts, and burden against each job. We apply percentage of completion and completed contract methods under US GAAP, with revenue recognition aligned to ASC 606, and produce WIP schedules that show earned revenue, billings, over and under billings, and gross profit by job. We also track retention, lien waivers, change orders, and AIA style billings, and prepare reports that bonding companies, sureties, and lenders require. Compliance work includes payroll burden, sales and use tax across jurisdictions, and tax filings with the IRS, HMRC, CRA, or ATO. Owners get the information needed to bid accurately, manage cash, and finish jobs on margin.

Fit Check

Built for teams like yours

Who it's for

General contractors
Specialty trade subcontractors
Home builders and developers
Design build firms
Construction management companies

Pain points we solve

Job costs that are not tied to jobs
WIP schedules built once a year for the surety
Over and under billings that surprise the team
Change orders that never reach the books
Retention and lien tracking spread across spreadsheets

What's included

Capabilities

Everything we cover in this engagement.

Job costing and phase tracking
WIP and percentage of completion
AIA style billings support
Retention and lien waiver tracking
Subcontractor compliance
Equipment and burden allocation
Bonding and surety reporting
Monthly close and job reviews

How we work

Our process

A clear, predictable path from kickoff to outcomes.

01

Setup

We design the job cost structure with phases, cost codes, and cost types.

02

Onboarding

We migrate active jobs, contracts, and committed costs into the system.

03

Job costing

We post labor, materials, subs, and equipment against the right jobs.

04

WIP reporting

We produce WIP schedules, earned revenue, and gross profit by job each month.

05

Review

We meet with project managers and owners to review margins and exposure.

What you get

Deliverables & outcomes

What you get

Job cost reports by project
WIP schedule each month
Over and under billings analysis
AIA style billing support files
Bonding and surety package
Year-end tax-ready financials

Outcomes you can expect

Accurate margin by job
Reliable WIP for sureties
Tighter cash management
Cleaner change order tracking
Audit and bonding ready records

Timeline

3 to 6 weeks for setup, then monthly cadence

Engagement

Monthly retainer, Project, Sprint

Tools we use

Sage 100 Contractor, QuickBooks Online, Procore, Buildertrend, Foundation

KPIs we track

Gross profit per job, Over and under billings, Backlog, Days sales outstanding, Labor burden rate

Client stories

What clients say

"

My books were 90 days behind and I was avoiding my accountant. They cleaned up nine months of mis-categorized Shopify and Stripe entries, set up proper rules in QuickBooks, and now my close lands on day four of every month. First time in three years I opened a P&L without wincing. Cash forecasting actually makes sense now.

D.R.

"

We were paying three agencies and a lifecycle freelancer to argue over attribution. RevoraOps absorbed all of it in 30 days, killed our worst-performing Meta ad sets, and rebuilt the welcome flow from scratch. CAC dropped 31 percent in the first full month. Honestly the relief of having one weekly call instead of four was worth it alone.

Megan W.

Proof