Built for this industry
Construction and trades businesses run on projects, not months — a single profit-and-loss statement can hide a profitable job and a losing one sitting right next to each other.
Job Costing
Construction accounting services track revenue, cost and cash by job instead of by month. Juris CFO provides job-costed books, work-in-progress schedules and retainage tracking so contractors can see which projects are profitable and which are losing money.
Construction accounting services code every labor, material and subcontractor cost to a job, then compare actual cost with the estimate. Construction bookkeeping services also keep overhead separate, so job margins are not blurred.
Job costing for contractors, reviewed monthly, catches miscoded items before they distort a job report, which is the point of contractor bookkeeping.
Revenue And Cash
Percentage of completion accounting recognizes revenue as work progresses, using costs to date against estimated total cost. Retainage accounting tracks held-back amounts separately, as retainage receivable and payable.
Where it gets complicated
How we help
Good fit
FAQ
Under the common cost-to-cost method, you divide costs incurred to date by estimated total cost and apply that percentage to the contract price to get revenue earned. It relies on accurate monthly cost-to-complete estimates. Confirm method choice with your tax advisor.
Retainage is a portion of each progress billing that a customer holds back until completion. It is recorded as retainage receivable on your side and retainage payable on amounts you withhold from subcontractors, separate from regular receivables.
It depends on project size, contract length and tax rules. Percentage of completion suits longer jobs, while completed-contract is often used for short ones. Juris CFO sets up the reporting; confirm the final method with your tax advisor.
A work-in-progress schedule lists each open job with contract value, cost to date, percent complete, earned revenue and billings. It reveals overbilling and underbilling, and lenders or bonding companies often ask for it.
Juris CFO tracks subcontractor bills, payments and W-9s throughout the year, then prepares 1099-NEC information for payees above the IRS reporting threshold. Pricing is a tailored quote after a consultation.
What we bring to any industry
Recording every transaction accurately, so the numbers underneath your business are never in question.
Learn moreTurning recorded transactions into reviewed, reconciled, and explained financial performance.
Learn morePreparing personal and business tax returns based on your recorded and reviewed financial information.
Learn moreSenior-level oversight of your accounting function — without hiring a full-time controller.
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