Construction Accounting

When you just need help with your construction accounting and bookkeeping services, we are here to help you with this, too.

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We'll spend time learning more about your business to clearly identify your needs and how best to help.  For most business owners, we "dig in" more with them than anyone has in the past.

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Construction Specific Accounting

Accounting within the construction industry is a different type of financial management with its own set of accounting principles. Specifically, bookkeeping for construction companies is focused on helping contractors track each job and how it affects the company.


In general, contractors' financial focus is individual jobs. Most contractors look at each project as its own form of profit. In terms of finances, each project has its own set of needs including resources, materials, and labor.


Construction jobs usually have long-term contracts — longer than what's common in other industries. Because of this, income and cash management have special considerations in construction.

Contractors often benefit from precise tracking and reporting, along with collection, income recognition, and cash-flow strategies.


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Construction Accounting & Bookkeeping

Since construction is project-driven, it's important to have an organized bookkeeping system in place. Good bookkeeping can also lend itself to controlling costs and making smarter bids for jobs. 



Construction bookkeeping includes tracking job costing, equipment use, labor costs, mobilization costs, and ever-changing wages. 


Bookkeeping within the construction industry can help when production isn't predictable. 


Construction contracts are long, but shorter-pay periods still need to be covered. Tracking and reporting costs can assist with these efforts. 


Let us help your construction business via accounting and bookkeeping.

Construction CFO

Recently, contractors in the construction industry are looking for top-level financial management. Construction CFOs can function in a legal role when it comes to potential risk, errors, or exposure.


When done right, CFOs can serve as a driving force to enhance productivity and improve operations. 

Construction Tax Planning & Prep

Many construction companies could use a helping hand when it comes to financial reports, tax reporting, and financial statements. All of this will lend itself to better accounting for tax purposes.


Construction tax planning is a way we can help clients identify tax benefits through various deductions in the industry. We offer a proactive approach to tax planning and locating federal tax benefits for this unique industry.



Here at Boyd Group Services, we take pride in offering accounting and bookkeeping services for construction businesses. As certified public accountants, we have the expertise and the integrity you need when trying to run a successful construction business. 

Financial Services FAQ

Got a question? We’re here to help.

  • What types of financial services do I need for my small business?

    As a small business, managing your accounting, a taxes is vital to success. Implementing small business accounting software can help with bookkeeping and will assist with organizing your financial records. 


    But, a CPA can offer custom advice specifically for your business and its needs. A CPA can also answer any questions and work toward your financial goals. 


    A CPA can also prepare your financial statements and financial reporting.


    Outsourcing your tax planning and preparation is also key. A tax professional can inform you of any tax implications and tax situation. Having someone available all year long — instead of just during tax season — can help with saving money. 

  • Should I hire an accountant for my small business?

    It's a smart move to hire a certified professional accountant (CPA) for your small business if you need help with: 


    • Financial reporting and statements 
    • Interpreting financial data 
    • Making business decisions related to company money 
    • Revenue growth

    A CPA can also assist with tax planning and preparation all year, instead of just during tax season. 

  • What are the benefits of outsourcing my tax preparation?

    Outsourcing your tax preparation and planning has several benefits. 


    For starters, hiring a professional ensures your data will be collected, organized, and sorted in a way that will make filing taxes much easier and efficient. 


    The legislation and laws surrounding taxes are always changing and hiring a professional means you don't have to keep up with it. This also means they know the latest tax incentives and if you can take advantage of them to save additional money. 


    And finally, when you outsource tax preparation, you can assure everything is being done correctly. Making mistakes on taxes can be costly, and this is a smart way to do it right the first time. 

  • What is a tax planner?

    A tax planner will be able to look at your specific business situation and offer advice and recommendations on how to minimize the amount you owe in taxes, and how to reduce taxes in the coming years. 


    The fact of the matter is, most business owners are paying anywhere from 30-50% more on their taxes than they should be. A tax planner can show you how to implement a plan that will work for your business and its future success much better than its current performance.

  • Should I hire a bookkeeper for my small business?

    Making the decision to hire a bookkeeper for your small business is a big one. However, there are many benefits to doing so. 


    Hiring a bookkeeper allows you, as a business owner, to focus on the core needs of a growing business instead of worrying about the books. 


    Even if you consider yourself to be a financial expert, hiring a third party will ensure more accuracy when it comes to financial data collection and reporting. 


    Hiring an outside professional also means you can get an objective view of your company and its finances. A financial expert will be able to help you make smart money goals and create a path to reach them. 

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