Specialized Accounting for Construction Businesses
Running a construction business comes with its own set of challenges. From managing tight budgets and complex payrolls to navigating ever-changing tax regulations, contractors and builders need a financial partner who understands the nuts and bolts of their industry. At PJA Associates, P.C., we specialize in accounting solutions designed specifically for construction companies. With years of experience working with contractors, subcontractors, and developers, we’re here to help you streamline your finances, reduce risks, and focus on what you do best: building.
Why Construction Accounting Is Different
Construction isn’t like other industries. Projects often span months or years, involve multiple stakeholders, and require tracking of costs, labor, and materials. Cash flow can swing dramatically depending on project timelines, and tax rules—such as those for long-term contracts or equipment depreciation—add layers of complexity. Without industry-specific expertise, it’s easy to lose visibility into your financial health or miss opportunities to save money.
We get it. That’s why our team doesn’t just handle basic bookkeeping. We dig into the details that matter most to contractors, from job costing accuracy to compliance with prevailing wage laws. Whether you’re a residential homebuilder, a commercial contractor, or a specialty tradesperson, we shape our services to fit the demands of your business.
Key Services for Construction Businesses
Job Costing, Estimating, and Financial Reporting
Construction projects live and die by the details. Every dollar spent on labor, materials, or equipment shapes your bottom line. We provide:
• Job cost tracking and analysis.
• Change order and claims accounting.
• On-time and overrun performance analysis.
• Draw request process support.
• Financial reports.
• Job cost tracking and analysis.
• Change order and claims accounting.
• On-time and overrun performance analysis.
• Draw request process support.
• Financial reports.
Tax Planning, Compliance, and Sales Tax
Construction companies face unique tax challenges, including multi-state regulations and equipment depreciation. Our services include:
• Sales tax processing for materials and services across jurisdictions.
• Tax planning to maximize deductions for equipment, vehicles, and energy-efficient projects.
• Fixed asset accounting and depreciation strategies.
• IRS and state audit defense, particularly for worker classification issues.
• Sales tax processing for materials and services across jurisdictions.
• Tax planning to maximize deductions for equipment, vehicles, and energy-efficient projects.
• Fixed asset accounting and depreciation strategies.
• IRS and state audit defense, particularly for worker classification issues.
Full-Cycle Accounting and Bookkeeping
We handle day-to-day financial management so you can focus on the job site:
• Outsourced accounting and bookkeeping, including month-end and year-end closings.
• Bank and credit card reconciliations to keep records accurate.
• General ledger maintenance and cash balance tracking.
• QuickBooks™ support and software selection/optimization for construction-specific tools.
• Outsourced accounting and bookkeeping, including month-end and year-end closings.
• Bank and credit card reconciliations to keep records accurate.
• General ledger maintenance and cash balance tracking.
• QuickBooks™ support and software selection/optimization for construction-specific tools.
Payroll, Certified Payroll, and Labor Compliance
Managing payroll in construction requires precision:
• Payroll processing with union agreement and Davis-Bacon Act compliance.
• Certified payroll reporting for government contracts.
• Insurance certification tracking and lien waiver management.
• Payroll processing with union agreement and Davis-Bacon Act compliance.
• Certified payroll reporting for government contracts.
• Insurance certification tracking and lien waiver management.
Operational and Strategic Advisory
Grow confidently with insights designed for construction:
• Operational reviews and assessments to improve workflows.
• Bid pricing strategies and job estimating support.
• Managing cash flow through the retainage process.
• Transaction support, including due diligence for mergers or acquisitions.
• Conducting status meetings with project managers.
• Operational reviews and assessments to improve workflows.
• Bid pricing strategies and job estimating support.
• Managing cash flow through the retainage process.
• Transaction support, including due diligence for mergers or acquisitions.
• Conducting status meetings with project managers.
Bonding, Licensing, and Financial Stability
Secure more bids and build trust, we offer:
• Work-in-progress (WIP) reports and balance sheets for bonding requirements.
• Assistance with state contractor licensing financial documentation.
• Assistance in receiving financing through lender-ready financial packages.
• Work-in-progress (WIP) reports and balance sheets for bonding requirements.
• Assistance with state contractor licensing financial documentation.
• Assistance in receiving financing through lender-ready financial packages.
Understanding Your Goals
Before diving into numbers, we learn about your business: your biggest challenges, growth plans, and what keeps you up at night. Do you need tighter control over material costs? Help securing bonding for larger projects? A system to track retainage? We prioritize what matters most to you.
Flexible Support
Need help daily, weekly, or just during tax season? We adjust our involvement based on your workload and preferences. Keep your existing software or let us recommend tools that align with your budget.
Construction-Specific Experience
Our accountants have worked with contractors for many years. We speak your language and know the pain points.
Take Control of Your Finances Today
Why Work With Us?
We work with businesses of all sizes, bringing a deep understanding of the unique challenges each one faces.
No confusing jargon—just clear, timely updates about your finances.
We understand regional regulations, labor markets, and economic trends affecting your area.
