Construction
Accurate Job Costing. Protected Margins. Stronger Cash Flow.
Construction accounting is entirely different from standard business accounting. Between managing unpredictable material costs, tracking labor across multiple jobsites, handling change orders, and navigating complex retainage rules, it is easy to lose track of your true profitability. If you are waiting until the end of a project to find out if you actually made a profit, your financial system is working against you.
At BAMS Bookkeeping & Consulting, we specialize in the unique financial demands of the construction industry. We work with general contractors, specialty subcontractors, and home builders to build rock-solid financial systems that protect your margins, secure your bonding capacity, and keep your cash flowing from groundbreaking to final inspection.
Construction Financial Solutions We Deliver
We handle the heavy lifting on your backend so you can focus on managing your crews and winning bids:
Precision Job Costing: We track every dollar spent on materials, equipment, subcontractors, and labor, allocating them to the exact project they belong to. You will know your real-time profitability per job, every step of the way.
Progress Billing & AIA Invoicing: We streamline your billing cycles, handling percentage-of-completion tracking, progress billings, and standard AIA invoicing to ensure you get paid on time and keep the project moving forward.
Retainage Tracking: Don’t let your profits get trapped. We accurately track and account for retainage on both the accounts receivable and payable sides, making sure you collect every dollar owed once a project wraps up.
Subcontractor Compliance: We manage 1099 tracking, collect W-9s, and verify that your subcontractors have the proper insurance documentation and lien waivers in place before payments are issued.
Work in Progress (WIP) Reporting: We generate accurate WIP reports to help you see if you are over-billed or under-billed across your active projects, keeping your balance sheet healthy for banks and bonding companies.
Payroll for Mobile Crews: We integrate time-tracking apps (like QuickBooks Time or BusyBusy) directly with your payroll system to seamlessly track hours worked across various prevailing wage rates, workers’ comp codes, and different jobsites.
The Benefits of Partnering with BAMS
Bid with Absolute Certainty: Stop guessing at your numbers. With accurate historical job-cost data from past projects, you can bid on future contracts with total confidence, protecting your bottom line from underbidding.
Bonding & Lending Readiness: Banks and sureties demand clean, compliant construction financials. We keep your books in audit-ready shape so you can easily secure the credit lines and bonding caps needed to win larger projects.
Real-Time Cash Flow Visibility: Construction requires massive upfront cash layout. Our specialized cash forecasting ensures you have the liquidity to cover payroll, purchase materials, and manage supplier accounts without stress.
Seamless Software Sync: We integrate your project management tools (like Procore, BuilderTREND, or CoConstruct) directly into your QuickBooks Online or Xero ledgers to eliminate double-data entry and human error.
Our Collaborative Approach
Deep Dive Session: We audit your historical financial performance, current operational workflows, and long-term business goals to see where your biggest bottlenecks lie.
Strategic Roadmap Creation: We build a customized consulting framework, mapping out the specific forecasting models, budgets, and KPI trackers your business needs to succeed.
Ongoing Strategy Check-ins: We don't just hand you a plan and walk away. We meet regularly to review your updated reports, analyze trends, adjust forecasts, and advise on upcoming business decisions.
Ready to build a more profitable construction business?
Stop letting messy paperwork stall your growth. Let’s get your job costing, billing, and cash flow working seamlessly so you can build with peace of mind.