Detailed tracking of project-level costs including labor, materials, subcontractors, equipment, and overhead allocations.
Preparation and maintenance of WIP schedules with percentage-of-completion tracking and cost-to-complete analysis.
Preparation of progress billings, AIA billing formats, schedule of values tracking, and retention management.
Allocation of expenses to specific jobs and cost codes with ongoing comparison to project budgets.
Management of subcontractor invoices, lien waivers, compliance documentation, and retainage receivable and payable tracking.
Application of appropriate revenue recognition methods in accordance with accounting standards for construction contracts.
Recording and tracking of approved and pending change orders and their financial impact on project profitability.
Allocation of direct labor costs, burden, and payroll taxes to individual projects and cost centers.
Monitoring of construction equipment usage, depreciation, and allocation of equipment costs to projects.
Tracking project-level cash inflows and outflows to support cash flow forecasting and funding requirements.
Reconciliation of construction loans, lines of credit, and project financing arrangements.
Preparation of project-level financial statements, profitability reports, and margin analysis by job.
Development of construction budgets, cost projections, and updated forecasts based on project progress.
Preparation of documentation for lender reviews, bonding requirements, and audit support.
Implementation and configuration of job costing structures, cost codes, and reporting frameworks within accounting systems.
