Construction & Contractors

Bookkeeping for Contractors and Construction Businesses

Job costing, change orders, retainage, subcontractors and 1099s — we keep contractor books that tell you the profit on every job, not just the balance in the bank.

QuickBooks & Xero certified Colorado LLC · US business hours
Bookkeeping for Contractors and Construction Businesses
200+US businesses served
4.9 ★★★★★217 reviews on Fiverr®
5 YearsIn business
QuickBooksCertified ProAdvisor
XeroCertified Advisor
See it clearly

A healthy bank balance can hide an unprofitable job.

One project draw, and what it is really covering.

Progress draw received$46,000Cash in the bank that mostly belongs to costs already incurred.
Contract drawBilled on percentage complete+$46,000
MaterialsOften already bought and unbilled−$18,400
SubcontractorsInvoiced on their own schedule, not yours−$13,800
Labour & burdenWages plus taxes, insurance, workers’ comp−$9,200
Retainage withheldYours, but not yet paid — often 5–10%−$2,300
Without job costing and WIP, a draw looks like profit. It is not — it is cash against costs that have already happened. Retainage sits as a receivable you have earned but cannot spend, and it is what most contractors forget to chase.

Illustrative figures, shaped like real books — your numbers will differ, the pattern will not.

Construction & Contractors

Contractor books live or die on job costing.

We track the numbers that decide whether a job made money.

Job costing per project

We track labor, materials and subs against each job so you see real profit per project — not one lump total.

WIP & progress billing

We keep work-in-progress and progress invoices organized so over/under-billing and true job status are clear.

Retainage tracking

Retainage held on your invoices and on what you owe subs is tracked cleanly so nothing slips through the cracks.

Subcontractors & 1099s

We manage subcontractor payments and prepare 1099-NEC forms, and help you keep worker classification clean.

Equipment & materials

Materials, equipment and overhead are categorized properly so your job margins and taxes are accurate.

Cleanup & catch-up

Behind on the books between projects? We'll reconcile the backlog and get you organized and tax-ready.

The numbers that matter

Job numbers, not just bank numbers.

See profit per project before it's finished.

Per job
Job costingLabor, materials & subs against each project
WIP
Progress billingKnow when you're over- or under-billed
Tracked
RetainageOn receivables and payables
What's included

Construction clients get.

Clear deliverables, every month — nothing vague.

Job costing with labor, materials and subs tracked per project
Work-in-progress (WIP) and progress-billing support
Retainage tracking on receivables and payables
Subcontractor payments and year-end 1099-NEC preparation
Payroll, sales/use tax and expense categorization
Monthly P&L, Balance Sheet, Cash Flow and job-profit reports

Tools we work with.

Your project management, estimating and field tools — reconciled into QuickBooks or Xero with job costing, WIP and retainage handled correctly.

ProcoreBuildertrendCoConstructKnowifyHouzz ProJobTreadADP logoGoogle Sheets logoGusto logoBill.comQuickBooks logoXero logoProcoreBuildertrendCoConstructKnowifyHouzz ProJobTreadADP logoGoogle Sheets logoGusto logoBill.comQuickBooks logoXero logo

Using something else? We almost certainly work with it — just ask.

Construction site with contractors working on a building frame

See the profit on every job, not just the bank balance.

In construction, a healthy bank balance can hide an unprofitable job, and a tight month can mask a great one — because cash and profit rarely line up with project timelines. Job costing fixes that. We assign labor, materials and subcontractor costs to each project so you can see which jobs, crews and customers actually make money, and bid the next one smarter.

We also keep work-in-progress and progress billing organized so you know when you're over- or under-billed, and we track retainage on both what you're owed and what you owe subs — the money that's easy to lose sight of and easy to lose.

Why Cloud Accountants

Great benefits from us.

Accurate books, clear reporting and proactive support — so you always know where your business stands.

Cloud Accountants

  • Cloud-based bookkeeping with real-time access
  • Monthly reconciliations for accurate records
  • Automated payroll with digital compliance
  • Online sales tax & federal e-filing
  • Cloud budgeting and cash-flow planning
  • AP/AR management through digital workflows
  • QuickBooks Online and Xero setup support
  • Monthly meetings to review progress

Other accountancy agencies

  • Traditional systems with limited online access
  • Irregular reconciliations and manual updates
  • Basic payroll without automation
  • Slow tax processes with higher filing costs
  • No cloud-based planning or real-time tools
  • Manual AP/AR handling causing delays
  • Outdated software lacking integrations
  • No monthly reviews and higher pricing
★★★★★
“Excellent bookkeeping service! Very organized, reliable, and easy to work with. Highly recommend!”
Sam Billings
Verified on Trustpilot →
Good to know

Construction bookkeeping FAQs.

Everything a construction bookkeeping owner usually wants to know.

QDo you do job costing?
A

Yes. We track labor, materials and subcontractor costs against each project so you can see true profit per job.

QCan you handle retainage and progress billing?
A

Yes. We track retainage on receivables and payables and keep work-in-progress and progress invoices organized.

QDo you prepare 1099s for my subcontractors?
A

Yes. We manage subcontractor payments and prepare year-end 1099-NEC forms, and can advise on worker classification.

QWhich software do you use for contractors?
A

QuickBooks Online or Xero, often alongside a construction tool like Knowify or Buildertrend and a payroll platform like Gusto.

QI'm behind between projects — can you catch me up?
A

Yes. Catch-up and cleanup is common in construction. We'll reconcile the backlog and get you tax-ready.

Bid and build on real job numbers.

Book a free consultation and we'll review your books and recommend the right plan.

No long contracts · Cancel anytime · Response within 1 business day
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