Let us handle your construction accounting so you can focus on building
When you’re managing job sites, coordinating subcontractors, and keeping projects on schedule, the last thing you need is accounting complexity slowing you down. But construction accounting isn’t like other industries—and the stakes are too high to get it wrong.
You already know that construction accounting operates differently. Percentage-of-completion calculations, retention tracking, certified payroll requirements, union fringe benefit allocations, and work-in-progress schedules don’t exist in most other businesses. Add in multi-state projects with different tax requirements, prevailing wage compliance for public works, and the constant challenge of tracking costs across dozens of active jobs, and the complexity multiplies quickly.
Many construction companies find their internal accounting staff stretched thin—especially during growth phases when new projects are starting faster than billing cycles close. You might be experiencing some of these challenges:
The consequences of inadequate accounting systems show up quickly in construction. Inaccurate job costing means you’re bidding new work without knowing your true margins. Delayed financial reporting puts you at risk during surety renewals or bank covenant reviews. Payroll errors on prevailing wage projects can trigger audits and penalties. Cash flow problems emerge because accounts receivable isn’t staying on top of retention releases and payment applications.
Perhaps most frustrating: you sense something’s wrong with a project’s profitability, but you can’t get the data quickly enough to intervene.
Outsourced accounting for construction isn’t about handing off your books to strangers. It’s about partnering with professionals who understand how contractors operate – people who know why retention schedules matter, what certified payroll documentation looks like, and how to structure chart of accounts for accurate job costing.
When construction companies work with BPM, they typically start by identifying their most pressing bottlenecks. Some need help with monthly close processes and financial statement preparation. Others require support with accounts payable and receivable management specific to construction billing cycles. Many need comprehensive job costing systems that deliver actionable insights about project profitability in real time. At BPM, we handle the accounting work for you:
Our outsourced accounting support adapts to your specific situation. We work with:
The relationship typically includes regular communication with your operations team to understand what’s happening on job sites, proactive identification of cost overruns or billing opportunities, and financial reporting structured to support bonding relationships and banking covenants.
We work within your existing construction accounting systems or can help you implement platforms built specifically for contractors. Our team brings practical knowledge of industry-specific software systems, like NetSuite and Sage Intacct, and how to extract meaningful data from them.
You shouldn’t have to choose between growing your construction business and maintaining accurate financial records. BPM’s outsourced accounting services give you the technical capabilities of a full accounting department without the overhead of building one internally.
Looking for a team who understands where you’re headed and how to help you get there? Whether you’re building something new, managing growth or preserving success, let’s talk.
