Construction Accounting
Let’s build your business together
If you run a construction company, you face some of the most complex accounting challenges of any industry. You probably already know that. And you may be asking yourself, “Why is construction accounting so complicated?”
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Reasons abound. But the biggest challenges include:
- Every project is unique. Managing many different construction projects makes it crucial to track actual costs versus estimates in real time.
- Project based accounting with individual profit and loss reports.
- Project timelines often result in costs that don’t always fall conveniently into accounting periods. Late or missing invoices can lead to inaccurate profits and financial reports.
- Payments come in waves, making cash flow a constant balancing act.
Multiple job sites, long-term contracts and relying on generic software (non-construction) adds to the mix. Duplications and errors become unwelcome, commonplace problems. Mistakes like these can derail profitability and bid accuracy.
We get it. At Penney Counter, we welcome the complexity. Because we’ve seen what happens when it’s done wrong.
Book a CallHere’s how we keep your finances in good order:
Project-based accounting
Track revenue, expenses, and profit margins by job, contract, or department – so you know what’s profitable and what’s leaking cash.
Customized profit & loss reports
Individual P&L reports per project, location, or team – based on how you run your business and what makes the most sense to you.
Full-service payroll processing
We handle payroll for both union and non-union employees. This ensures everyone gets paid accurately and on time.
CBA Compliance
We keep you in step with Collective Bargaining Agreements, including overtime rules, shift differentials, union dues – minus the headache.
Let’s work together
The numbers must add up when you’re building a project that lasts. We’re here to make sure they do.