Job costing experts · Construction-specific

Construction Bookkeeping Services That Track Every Dollar by Job

Job costing is a nightmare - tracking costs across projects, change orders, and retainage manually leads to lost profits and billing disputes. Our construction bookkeeping specialists handle job costing, AIA billing, WIP reports, and retainage tracking so you know exactly where every project stands financially.

Construction job costing dashboard showing project-level P&L, WIP report, and cost vs budget analysis
500+
Teams Deployed
99.5%
Accuracy SLA
70%
Avg Cost Savings
7-Day
Team Deployment
4.9 out of 5·from 120+ verified reviews
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Bookkeeping built for the way construction actually works

Construction bookkeeping is fundamentally different from standard business accounting. You don’t just track income and expenses - you track them by job, by cost code, by phase, and by cost type (labor, materials, subcontractors, equipment). Add retainage holdbacks, change orders, progress billing, bonding requirements, and multi-state payroll for crews, and generic bookkeeping software and generalist bookkeepers simply can’t keep up. Our construction bookkeeping team has managed books for 100+ contractors - from $1M subcontractors to $50M general contractors. We work in your construction accounting software (Sage 300 CRE, Procore, Foundation, QuickBooks for Contractors) and deliver the job-level visibility you need to bid accurately, bill correctly, and protect your margins on every project.

The accounting outsourcing market

More businesses are outsourcing accounting functions to reduce costs and improve accuracy.

$245B+
India IT-BPM industry revenue
NASSCOM, 2024
56%
Global outsourcing market share held by India
Deloitte, 2023
400K+
Chartered Accountants in India
ICAI, 2024

Every aspect of construction accounting, covered

Job costing & cost code tracking

Every expense is coded to the correct job, phase, and cost code - labor, materials, subcontractor, equipment, and overhead. We maintain your job cost ledger in real time so you can see actual vs. budgeted costs at any point during a project. When a job is over budget in a specific cost code, you know immediately - not at project close-out when it’s too late to correct course.

Learn about job costing
Job cost report showing budget vs actual by cost code with variance analysis for a construction project

AIA billing & progress invoicing

We prepare AIA G702/G703 billing documents, tracking schedule of values, completed work, stored materials, and retainage for each pay application. Progress billing is aligned with your contract terms and updated as change orders are approved. Billing accuracy means faster approval from owners and GCs, which means faster cash in your account.

See billing details
AIA G702 Application and Certificate for Payment with schedule of values and completion percentages

WIP reporting & retainage management

Monthly WIP (Work in Progress) reports show the financial health of every active job: contract value, costs to date, estimated costs to complete, earned revenue, overbillings, and underbillings. Retainage is tracked by job and by subcontractor, with aging visibility so you know when holdbacks are due for release. These reports are critical for your bonding company, bank, and project managers.

Contact us for details
WIP report showing overbilled and underbilled positions across multiple active construction projects

In-house construction bookkeeper vs. Acelerar

In-House (US)

$60K/yr

per year / per person

Salary, benefits, construction accounting software licenses, and management overhead for one US-based bookkeeper with job costing and AIA billing experience

With Acelerar

$18K/yr

per year / per person

Fully loaded rate includes salary, construction-experienced specialists, job costing, WIP reporting, retainage tracking, and dedicated account manager

Why 100+ contractors trust Acelerar with their books

Job-Level Profit Visibility

Know the exact profit margin on every active project in real time. No more guessing whether a job is making or losing money until after close-out.

Accurate Progress Billing

AIA billing prepared correctly the first time means fewer payment application rejections and faster cash collection. We’ve reduced billing disputes by 80% for our contractor clients.

Bond-Ready Financials

Your bonding company needs WIP schedules, financial statements, and aging reports. We prepare these in the format surety companies expect, reducing your bond renewal cycle.

Construction Software Expertise

Our team works in Sage 300 CRE, Foundation Software, Procore, Viewpoint, and QuickBooks for Contractors. No learning curve, no data migration headaches.

Subcontractor Compliance

W-9 collection, lien waiver tracking, certificate of insurance verification, and 1099 preparation - all managed systematically so you’re never exposed to subcontractor compliance risk.

65% Cost Savings

A construction-experienced bookkeeper in the US costs $50,000-$70,000/year. Our dedicated construction accounting team starts at $1,800/month with job costing expertise included.

From job start to close-out in 4 steps

1

Setup

We set up each new job in your accounting system with the correct cost codes, budget, contract value, and billing terms. Change orders are added as they’re approved.

2

Track

Every cost - labor, materials, subs, equipment - is coded to the correct job and cost code daily. Job cost reports are updated in real time for project manager visibility.

3

Bill

AIA billing documents are prepared based on completed work and stored materials. Progress invoices are submitted on your billing schedule with all required documentation.

4

Report

Monthly WIP reports, job profitability summaries, and financial statements are delivered. Overbilled and underbilled positions are highlighted for management review.

Losing money on jobs without knowing it?

Get real-time job costing, accurate AIA billing, and WIP reports that your bonding company and bank actually trust. Construction bookkeeping expertise from day one.

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We work with your accounting tools

Our teams are trained on the platforms you already use.

What our accounting clients say

The Acelerar team is a self-sustaining machine. They’ve become an extension of our own team.

Acelerar handled our entire catalog migration (50,000+ SKUs) without a single missed deadline.

We needed reliable, fast data entry at scale. Acelerar delivered consistent quality from day one, no ramp-up time needed.

Where accounting outsourcing is heading

The accounting outsourcing market is growing as AI and automation reshape financial operations.

2025
$854.6B
Global BPO market size
Grand View Research, 2024
2030
$350B
Projected Indian IT-BPM industry revenue
NASSCOM, 2024
2030
30%
Of work activities automatable with AI
McKinsey, 2023
ISO 27001 Certified
ISO 9001:2015
NDA for Every Team Member
Encrypted Data Transfer

Construction Bookkeeping FAQs

Construction bookkeeping is a specialized form of accounting that tracks financial transactions by individual job or project - not just by the company as a whole. It includes job costing (allocating expenses to specific projects by cost code), progress billing (invoicing based on percentage of completion), retainage management (tracking holdback amounts), WIP reporting, and compliance with construction-specific requirements like prevailing wage, certified payroll, and lien waivers.
Specialized construction bookkeeping typically costs $1,800-$4,000/month depending on the number of active jobs, transaction volume, and complexity. A GC running 10-15 active jobs with AIA billing and WIP reporting needs would typically fall in the $2,500-$3,500/month range. Compare this to hiring a construction-experienced bookkeeper at $50,000-$70,000/year - outsourcing saves 50-65% while providing specialized expertise.
Job costing is the process of tracking all costs associated with a specific construction project - broken down by cost codes (categories like labor, materials, subcontractors, equipment, and overhead) and sometimes by project phases. The purpose is to know the actual cost of each job in real time so you can compare against the estimate, identify overruns early, bill accurately, and calculate true job profitability. Without proper job costing, contractors often don’t know if a job made or lost money until months after completion.
Yes. Standard bookkeeping only tracks overall company income and expenses. Contractors need job-level tracking, percentage-of-completion revenue recognition, retainage accounting, AIA billing, WIP schedules, and certified payroll. A generalist bookkeeper who handles these tasks incorrectly can cause bonding problems, tax issues (construction has specific IRS rules for long-term contracts), and financial statements that misrepresent your true position. Specialized construction bookkeeping pays for itself through accurate job costing and billing alone.
Yes. We prepare AIA G702 (Application and Certificate for Payment) and G703 (Continuation Sheet) documents for every billing cycle. We track the schedule of values, calculate completed work and stored materials, apply the correct retainage percentage, and reconcile against change orders. Accurate AIA billing reduces payment application rejections - our clients see 80% fewer billing disputes after engaging our team.
Absolutely. Retainage is tracked by job and by subcontractor, with aging reports showing when holdback releases are due. Change orders are entered into the job record as they’re approved, updating both the contract value and the schedule of values for future billing. We also track retainage receivable (what GCs/owners owe you) and retainage payable (what you owe your subs) separately for clear cash flow visibility.
We work with all major construction accounting platforms: Sage 300 CRE (formerly Timberline), Foundation Software, Procore, Viewpoint (Vista and Spectrum), QuickBooks for Contractors, COINS, and ComputerEase. We also integrate with project management tools and field apps that feed time and cost data into your accounting system. If you’re choosing a platform, we can recommend the best fit for your size and project types.
Yes - WIP reports are a core deliverable. Our monthly WIP schedule shows each active job’s contract value, costs to date, estimated cost to complete, earned revenue (based on percentage of completion), billings to date, and the resulting overbilled or underbilled position. This report is required by surety companies for bonding, by banks for credit facilities, and by management for understanding the true financial health of the business.
We manage the full subcontractor compliance cycle: W-9 collection before first payment, certificate of insurance verification, lien waiver tracking (conditional and unconditional), payment tracking by sub and by job, and year-end 1099-NEC preparation and filing. We maintain a sub-compliance checklist for every vendor so you’re always ready for an audit or a request from a GC.
Each job is set up as a separate cost center with its own budget, cost codes, billing schedule, and retainage terms. Expenses are coded to the correct job at the point of entry - whether it’s a material purchase, payroll allocation, sub invoice, or equipment charge. Overhead and shared costs are allocated using a method appropriate for your business (direct allocation, percentage, or labor-based). Monthly reports consolidate individual job performance into a company-wide view.

Need a bookkeeper who speaks construction?

Job costing, AIA billing, WIP reports, and retainage tracking - handled by specialists who understand your industry.

No commitment required. We respond within 24 hours.