Industry Specialism
Construction accounting that keeps job costs honest.
Generic bookkeeping breaks on construction — job costing, WIP, retention and progress billing need an accountant who's done it before. We set your books up around cost codes and jobs, so you can see the true profit on every project. For contractors, developers and property businesses, delivered remotely worldwide.
What we handle
The parts of construction accounting that standard bookkeeping gets wrong — set up correctly and maintained so your numbers hold up to management, lenders and sureties.
- Job costing & cost codes — labour, materials, subcontractors, equipment and overhead tracked per project for true job-level profit.
- WIP schedules — costs to date, percentage complete, billings, and over/under-billing so open jobs are stated correctly.
- Retention / retainage — amounts held back on receivables and payables tracked and released accurately.
- Progress & milestone billing — invoicing tied to schedules of values and completion, not guesswork.
- Developer loan & amortization schedules — financing, draws and interest handled for property developers.
- GST / VAT on construction — correct treatment for the way construction is taxed in your market.
Reporting that runs the business
Construction lives or dies on knowing which jobs make money. We build the reports that answer that — not just a company-wide P&L.
Job profitability
Profit or loss per project, with budget vs actual by cost code.
WIP & billing status
Where every open job stands — costs, completion, and over/under-billing.
Cash & commitments
Receivables, payables, retention and upcoming costs so cash never surprises you.
Software we work in
We configure your existing system around jobs and cost codes — or migrate you cleanly if your current setup can't do construction properly.
QuickBooks & Xero
Job costing and class/project tracking set up for contractors and developers.
Odoo
Project, purchase and accounting modules tied together for construction cost control.
Rent Manager
Property and multi-unit portfolios — bookkeeping and job-cost reporting.
Who we work with
Contractors & subcontractors
General and trade contractors who need job-level truth, not a year-end guess.
Developers & property
Property developers and portfolio owners with financing, draws and multi-property books.
How we work
Discover
We learn your projects, contracts and how you bill — and what reports you actually need.
Set up cost codes
A chart of accounts and cost-code structure built for job costing and WIP.
Run the books
Ongoing bookkeeping, reconciliations, WIP and billing kept current every period.
Report & optimize
Job profitability and WIP reporting you can act on, refined as the business grows.
Why Update My Books
Construction and property accounting is a core specialism for us — job costing, WIP, developer schedules and multi-property portfolios are exactly the work Farhan has done for construction clients for years. Because we're also a software team, when your reporting needs something custom, we can build it rather than tell you it isn't possible.
Related: catch-up & cleanup bookkeeping and Odoo ERP implementation. See our construction case studies.
Construction accounting FAQ
What is job costing in construction accounting?
Do you handle WIP (work-in-progress) schedules?
Can you handle retention, progress billing and developer loan schedules?
Which software do you use for construction accounting?
Do you work with construction businesses remotely?
How do we get started and what does it cost?
Get job costs you can actually trust
Tell us about your projects and how you bill. One short call is usually enough to know how we can help — and roughly what it will take.