Construction Bookkeeping Resources
Financial management guides for general contractors and construction companies — WIP accounting, bid tracking, payroll compliance, and more.
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Construction Contractor Bookkeeping: The Complete Financial Management Guide
You did $5.2 million in revenue last year. Your crew finished 14 projects — three of them over $500K. You had a backlog that stretched into Q3. By every visible metric, your general contracting company was thriving. But when your accountant pulled the year-end balance…
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WIP Accounting for Contractors
Your general contractor just closed out Q3 with $4.8 million in billings. The bank account looks healthy. The project managers are saying every job is on track. Then your bonding company reviews the financials, and the underwriter flags $620,000 in overbillings that your books never…
Bid Tracking & Project Profitability
You submitted 47 bids last year. You won 11. Your accountant says the company made money. But which of those 11 projects actually made the margin you estimated? And of the 36 you lost — were you too high, too low, or bidding the wrong…
Surety Bond Financial Requirements
Your company pulled in $3.6 million last year. You’ve got a solid crew, clean safety record, and a pipeline of $800K+ public bids you’d love to chase. But your bonding agent just told you the surety company won’t go above $500,000 per job — and…
Contractor vs Employee Classification
Getting contractor vs employee classification wrong in construction will cost you more than any blown bid. The IRS, the DOL, and your state labor board all have enforcement mechanisms aimed squarely at the trades — and construction is the single most audited industry for worker…
Construction Payroll: Union, Prevailing Wage & Multi-State
Construction payroll is harder than payroll in any other industry — and it’s not close. A typical professional services firm runs one pay rate per employee, in one state, with a standard overtime threshold. A mid-size contractor running three active jobsites might be juggling prevailing…
Certified Payroll and Davis-Bacon Compliance
Certified payroll and Davis-Bacon compliance for contractors. Form WH-347, prevailing wage requirements, apprentice ratio tracking, penalties, and bookkeeping workflow.
1099 Subcontractor Compliance for Contractors
1099 subcontractor compliance for contractors. W-9 collection, payment tracking, 1099-NEC filing requirements, IRS penalties, and worker misclassification risks.
Section 179 & Equipment Depreciation for Contractors
Section 179 and equipment depreciation for contractors in 2026. Deduction limits, truck weight thresholds, bonus depreciation, and buy vs lease decisions for trade contractors.
Tools & Calculators
Latest News
Trimble Targets $10M Contractors With New AI Job-Costing Platform as Accounting Convergence Accelerates
Trimble Financials became generally available to U.S. contractors in July 2026, delivering construction-native job costing and AI-powered queries to firms...
June 30 Deadline: Construction Projects Risk Losing Up to $5.81 per Sq Ft in Energy Efficiency Tax Deductions
As of midnight tonight, any commercial construction project that has not officially begun will be ineligible for the Section 179D energy-efficient commercial...
12-18% After-Tax Boost: OBBBA Lets Multifamily Contractors Defer Taxes via Completed Contract Method
Construction contractors bidding on apartment complexes, student housing, or long-term care facilities in 2026 have a powerful new lever: they can skip the...
Construction Contractors Losing $45K Revenue: Close the $11K Tech Integration Gap
Construction firms added headcount, won more bids, and still watched average revenue fall $45,610 per business last year. At the same time, labor costs rose...
Construction Contractors Risk 5-Year GPS Loss for Supply Chain Fraud Under New CIS Rules
Effective April 6, 2026, a main contractor in the UK construction industry can lose Gross Payment Status (GPS) for five years if HMRC determines they “knew or...
SBA Raises Surety Bond Ceiling to $15M — Small Contractors Can Now Chase Bigger Federal Jobs
The SBA just opened the door to bigger federal projects for small construction firms. The Surety Bond Guarantee Program ceiling rises from $10 million to $15...
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