Austin Accountants & CPA Advisor

Construction Accountanting

Construction accounting is a field of accounting and financial management that provides specialized solutions for the accounting needs of contractors, home builders, and related trades within the construction industry.  

Construction accountants provide accounting, tax, and consulting services across a wide range of business areas. A general list of services would include: 

• Debt re-structuring
• Overhead rate analysis
• Equipment costing analysis
• Cash flow analysis
• Tax consulting services – for business, individual, and multi-state
• Job-costing and set-up
• Job "post mortem" analysis
• Managed services for outsourced controllership
• Consulting services for succession planning
• Support services for construction software, such as QuickBooks for Construction

Construction firms, contractors, and home builders in different practice areas—both commercial and residential—can benefit from the services of a construction accountant. Some of these practice areas include: 

v Residential and commercial development

v Wrecking, demolition, and excavation

v Roofing and siding

v Plumbing, heating, and air-conditioning

v Masonry and stonework

v Plastering, painting, and dry-walling

v Water well drilling and septic tank installation

v Carpentry, cabinetry, and framing

v Electrical

Construction accountants truly understand the specialized field of construction accounting and its particular financial management issues. That’s the reason they are the preferred service providers for contractors of all sizes and different trades when it comes to consulting and support services for the industry. 

They often work with a wide range of firms that include small and large contractors, sub-contractors, builders, and developers across the entire residential and commercial construction industry.