Construction Accounting
Built for the construction industry.
Babb Accounting Co. understands the financial workflows contractors, HOAs, and COAs deal with every day—from job costing to progress billing to dues tracking and reserve fund management. We speak your language.
Construction accounting is different.
Most bookkeepers can handle basic income and expenses. But construction businesses have financial workflows that require a different level of expertise—job costing, progress billing, retainage, change orders, subcontractor management, and project-level profitability tracking.
At Babb Accounting Co., we've worked closely with contractors, homeowner associations, and condominium associations and understand these workflows from the inside. Whether it's job costing for a GC or dues tracking and reserve fund accounting for an HOA or COA, we set up and manage your books in a way that reflects how your organization actually operates.
Financial workflows we handle.
01
Job Costing
Track costs by job so you always know what each project is actually costing you—labor, materials, subcontractors, and overhead.
02
Project Profitability
See which jobs are making money and which aren't. Project-level reporting gives you the visibility to make better decisions on future bids.
03
Progress Billing
Manage billing tied to project milestones or completion percentages, with accurate tracking of what's been billed and what's outstanding.
04
Customer Deposits
Properly record and track customer deposits so your books reflect the true financial position of each project.
05
Retainage Tracking
Track retainage held by customers and owed to subcontractors, so nothing falls through the cracks at project close.
06
Change Orders
Record and track change orders accurately so your project financials stay current and your billing reflects the actual scope of work.
07
Subcontractor & Vendor Management
Track what you owe subcontractors and vendors, manage 1099 preparation, and keep accounts payable organized.
08
Accounts Receivable
Stay on top of what customers owe you with clear AR tracking and aging reports.
09
Financial Reporting
Monthly reports that give you a real picture of your business—P&L, balance sheet, cash flow, and job-level profitability.
10
QuickBooks for Contractors
QuickBooks Online setup and management configured specifically for construction—with the right chart of accounts, job tracking, and reporting for your business.
Who we work with.
We work with businesses across many industries. Construction, HOAs, and COAs are where we've built deep expertise—not the only place we serve.
Services for construction businesses.
Monthly Bookkeeping
Ongoing bookkeeping with job costing, reconciliations, and monthly financial reporting tailored to your construction business.
Bookkeeping Cleanup & Catch-Up
Get your books corrected and current—including job cost cleanup, reconciliations, and year-end preparation.
QuickBooks Setup for Contractors
QuickBooks configured specifically for construction—chart of accounts, job tracking, customers, vendors, and workflows built for how you operate.
Fractional CFO Support
Higher-level financial support including cash flow management, job profitability analysis, and financial reporting for growing contractors.
Ready to get your construction books under control?
Whether you need ongoing bookkeeping, a cleanup project, QuickBooks setup, or just want to understand your options, we're happy to have a conversation.
Schedule a Consultation