Accounting For Construction Firms
Construction projects demand meticulous financial oversight—from bidding and budgeting to progress billing and project closeouts. Our specialized accounting services give you the clarity and control you need to deliver projects on time, on budget, and with healthy margins.
Our Construction Accounting Services
To meet the unique needs of contractors and builders, we offer a suite of targeted services designed for project-based businesses:
Job Costing &
Budgeting
Track costs at the job level—labor, materials, and overhead—to monitor profitability in real time.
Subcontractor & Vendor Accounting
Handle 1099 reporting, lien-waiver tracking, and timely payments to keep your trades running smoothly.
Progress Billing & Retainage Management
Generate draw schedules and manage retainage holdbacks to maintain healthy cash flow.
Contract Revenue Recognition
Apply percentage-of-completion or other GAAP-compliant methods to recognize revenue appropriately.
WIP (Work-in-Progress) Reporting
Produce accurate WIP reports that reflect project status and inform decision-making.
Cloud
Integration
Sync with industry platforms (e.g., Procore, Foundation) and your accounting system for seamless data flow.
Project Profitability Insights
Understanding true project profitability goes beyond basic job costing—it requires a clear view of margins by trade, phase, and cost category. Our Project Profitability Insights provide you with real-time dashboards and detailed reports that highlight budget variances, gross margin percentages, and backlog valuations. With these tools, you can quickly identify underperforming jobs, reallocate resources to high-return projects, and forecast profit drivers for your next bid. Armed with this level of analysis, you’ll make informed decisions that keep your projects on schedule and on budget.
Seasonal & Cash-Flow Planning
We begin by mapping your operational workflows and financial systems. Through collaborative workshops—held online or at our Calgary office—we align on key metrics and reporting needs. Our in-house Canadian team then configures automated data feeds, builds custom accounting models, and establishes internal controls. Regular performance reviews ensure your accounting framework adapts to new projects, market shifts, and regulatory changes.
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Smooth out operating capital with targeted short-term financing or line-of-credit arrangements
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Schedule expenses and vendor payments to align with project progress and client receipts
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Plan crew levels and subcontractor commitments for both busy and quiet periods
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Identify when to accelerate billings or negotiate payment terms to bolster liquidity
By integrating these cash-flow insights into your regular reporting rhythm, you gain the confidence to make strategic decisions—whether that’s ramping up crew sizes in spring, planning for holiday slowdowns, or securing bridge financing during slower quarters.
The TKLL Advantage
Deep Industry Expertise
Years of experience working with contractors, developers, and trade specialists mean we understand your challenges and standards.
Alberta Construction Focus
Rooted in Alberta, we’re familiar with provincial lien legislation, bonding requirements, and local market dynamics.
Certified Cloud Advisors
As QuickBooks Platinum ProAdvisors and Xero Silver Champion Certified Advisors, we leverage advanced tools to automate your workflows.
Transparent, Flat-Rate Pricing
Predictable fees tied to your service level—so you can bid projects confidently without back-office cost surprises.
Our Reviews & Testimonials
Hear directly from the businesses we’ve helped—read verified reviews and see how our team delivers clarity, confidence, and growth.
