Accounting for Construction Companies in Philadelphia
Construction accounting is its own discipline. Revenue spans accounting periods, costs must be tracked job by job, retainage sits uncollected for months, and crews work across city and state lines. Generic bookkeeping loses money in every one of those gaps — we’ve built our construction practice to close them.
What We Do for Contractors
- Job costing — labor, materials, subs, and overhead allocated per job, so you know which work actually makes money before you bid the next one.
- Contract accounting methods — percentage-of-completion versus completed-contract is both an accounting and a tax decision; we apply the method that fits your contracts and revenue size.
- Subcontractor compliance — collecting W-9s, verifying classification, and filing Forms 1099-NEC on time.
- Retainage and receivables tracking — so held-back money doesn’t fall out of your books or your cash-flow plan.
- Multi-jurisdiction payroll and taxes — crews in Philadelphia, the suburbs, and New Jersey trigger different withholding and registrations; our payroll service and Pennsylvania tax work keep it straight.
- QuickBooks setup for construction — job-cost structures, item lists, and reports configured for how contractors actually work.
Taxes Built Around Your Jobs
Equipment purchases, vehicle fleets, and timing of contract income all create planning opportunities. Our tax services pair with your job-cost data so decisions — buy or lease, accelerate or defer — are made with real numbers.
Frequently Asked Questions
We’re behind on 1099s and job records. Can you clean it up?
Yes — catch-up engagements that rebuild job costs and bring filings current are a routine starting point.
Do you work with subcontractors as well as GCs?
Both — from owner-operator trades to general contractors running multiple crews.
Build on solid numbers: call (215) 914-6929 or contact us for a consultation.