Accounting

Accounting plays a crucial role in managing the financial aspects of projects, ensuring compliance, and supporting operational efficiency. Its core responsibilities include maintaining accurate financial records, preparing financial statements, and overseeing budgeting and forecasting. In construction, accounting also involves job costing—tracking costs by project to ensure profitability—and managing complex billing processes such as progress billing and retainage. These functions help the company monitor cash flow, control expenses, and make informed decisions about resource allocation.

Additionally, the department handles accounts payable and receivable, payroll for field and office staff, and tax compliance, including sales and use tax specific to construction activities. It supports audits and maintains internal controls to prevent financial discrepancies. Team members often require specialized software and knowledge of industry-specific regulations. By integrating financial oversight with project management, the accounting team ensures that each job stays on budget and contributes to the company’s overall financial health.