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Accounting for Contractors

Job costing, subcontractor management, and financial planning for general contractors
From residential remodels to commercial construction, we handle the accounting so you can focus on building.
Call (405) 731-5711 Get A Free Quote

Accounting Services for General Contractors

Complete financial management for construction businesses.

Project-Based Accounting

Track costs and profitability for each project from start to finish.

Subcontractor Management

Handle payments, 1099s, and proper classification to avoid IRS issues.

Draw & Billing Support

Prepare documentation for progress billing and construction loan draws.

Cash Flow Management

Manage timing between paying subs and getting paid by customers.

Challenges Contractors Face

Construction accounting is complex. Here's how we help:
  • Tracking profitability across multiple simultaneous projects
  • Managing subcontractor payments and year-end 1099s
  • Dealing with retainage and delayed payments
  • Understanding true project costs including overhead
  • Preparing financials for bonding requirements
  • Handling change orders and their impact on profit margins

Why General Contractors Choose Us

  • Deep experience with construction accounting and job costing
  • Help with bonding company financial statement requirements
  • Expertise in percentage-of-completion accounting methods
  • Guidance on equipment purchases vs. leasing decisions
  • Support for prevailing wage projects and certified payroll

Frequently Asked Questions

Common questions from general contractor business

We track labor, materials, subcontractors, and overhead for each project. You'll see exactly which jobs are profitable and which ones aren't, helping you bid smarter.

 

Yes. We prepare accurate, timely financial statements in the format bonding companies require. We work with your bonding agent to ensure smooth approval.

We track all subcontractor payments throughout the year and handle 1099 preparation and filing. No last-minute scrambling at tax time

Absolutely. We prepare detailed WIP schedules showing contract value, costs to date, and estimated costs to complete for all active projects.

Serving Oklahoma, Texas & The Midwest

Based in Oklahoma City, we proudly serve blue-collar businesses throughout the region

Oklahoma

Oklahoma City, Tulsa, Norman, and throughout the state

Texas

Dallas, Fort Worth, Austin, and major metro areas

Midwest

Kansas, Arkansas, Missouri, and surrounding states

Ready to Get Started?

Call us now or fill out the form below. We will respond within 24 hours.
(405) 731-5711

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Call My CPA Now

Expert accounting services for blue-collar businesses throughout Oklahoma, Texas, and the Midwest.

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