CONSTRUCTION
Most contractors can tell you whether they are busy. Far fewer can tell you which jobs actually made money. PFGTAX does construction bookkeeping built around job costing and accounts receivable, so you know your true cost on every project, who owes you, and where your profit is really coming from. Call 888.532.1430 to talk with someone who understands how construction money moves.
Construction does not run like a normal retail business, and it should not be booked like one. Money comes in on draws and progress billings, goes out for materials and labor before you get paid, and gets held back as retainage. If your books lump everything into one pile, you lose the one thing that tells you whether the business is healthy, which is profit by job.
Job costing, so you know which projects make money
The heart of good construction bookkeeping is keeping each project separate. We set up your books so every job carries its own income, materials, labor, equipment, and subcontractor costs. That way you can look at any project and see exactly where it stands instead of guessing. When you bid the next job, you are working from real numbers, not a gut feeling. Over time this is the difference between taking on work that grows the business and taking on work that quietly drains it.
We also handle the parts of construction accounting that trip up general bookkeepers, including work in progress, change orders, progress billing, and retainage on both the money you owe and the money owed to you.
Accounts receivable, so you actually get paid
In construction, the work is only half the job. Collecting is the other half. General contractors and owners are slow, retainage sits for months, and one unpaid invoice can throw off your whole month. We keep your accounts receivable current and organized, track what is outstanding and how old it is, and give you a clear aging picture so nothing slips through the cracks. When you can see who owes you and for how long, you can chase it down before it becomes a problem.
What we handle for construction businesses
- Job costing and profit tracking on every project, kept separate
- Accounts receivable tracking and aging so you know who owes you
- Work in progress, progress billing, and retainage
- Materials, labor, equipment, and subcontractor cost tracking by job
- Subcontractor payments and 1099 preparation support
- Monthly bookkeeping, reconciliation, and financial statements
- Catch-up and cleanup bookkeeping to get current
- Books ready for tax prep, bonding, and lender or bank requests
Built for contractors who want to grow
Whether you are a general contractor, a specialty trade, or a remodeler, clean job-level books give you the information you need to bid smarter, manage cash, and prove your numbers when a bank or bonding company asks. You stay focused on the work. We keep the financial side organized and honest.
FAQ
What is job costing and why does it matter for contractors?
Job costing means tracking the income and the costs of each project separately instead of mixing everything together. It matters because it tells you which jobs actually made money and which ones lost it. Without it, you are bidding and running your business on a gut feel. With it, you make decisions based on real numbers.
How do you handle accounts receivable in construction?
We keep a current, organized record of every invoice you have sent and what is still outstanding, including retainage. You get a clear aging report that shows who owes you and how long it has been unpaid, so you can follow up before slow payers turn into cash flow problems.
Can you keep each of my projects separate in the books?
Yes. Separating projects is the foundation of how we set up construction books. Every job carries its own costs and income, so you can see the profit on each one at any time.
Do you handle subcontractors and 1099s?
Yes. We track subcontractor payments throughout the year and prepare the information you need for 1099 filing, so year end is not a scramble.
What kinds of construction businesses do you work with?
We work with general contractors, specialty trades, remodelers, and other construction businesses that need accurate, job-level books and reliable accounts receivable tracking.
Stop guessing which jobs are paying off. Call to set up a consultation.
OR email us info@pfgtax.com