Construction Accounting

Construction Accounting That Connects the Field to the Financials

Managing multiple properties and entities requires more than keeping transactions categorized. Stonehill Accounting provides real estate owners and investment groups with accounting support designed around the structure of their portfolios — from property-level bookkeeping and intercompany activity to management fees, debt, investor reporting, and consolidated financial oversight.

We focus on creating financial records that allow you to understand both individual property performance and the financial position of the portfolio as a whole.

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Know where the job stands before it's over.

If job costs aren't current, change orders aren't captured, labor isn't reflected correctly, or billing doesn't match project progress, the financial statements can look healthy while individual jobs are quietly losing money.

We help create accounting processes that connect project activity to financial reporting so management can identify problems while there is still time to address them.

How we help

Core areas of support

Job Costing

Track labor, material, subcontractor and other project costs against the appropriate jobs

WIP & Forecasting

Improve visibility into project progress, estimated costs and expected profitability.

Progress Billing & SOVs

Support billing structures that reflect project progress and contractual requirements.

Change Orders

Create processes that prevent approved work from disappearing between operations and accounting.

Accounting + Operations

Improve the flow of information between project teams, purchasing and accounting.

Month-End Close

Reconciled books and project-level reporting management can act on

Areas of expertise

What this engagement can include

  • Job costing
  • Project profitability
  • Budget-to-actual reporting
  • Progress billing
  • Accounts payable
  • Vendor and subcontractor accounting
  • Project-level financial reporting
  • Month-end close
  • Cleanup and reconciliation
  • Work-in-progress (WIP) accounting
  • Labor and material cost tracking
  • Schedule of Values (SOV) billing
  • Change order accounting
  • Accounts receivable
  • Revenue and cost forecasting
  • QuickBooks accounting
  • Accounting-to-operations workflow development

Who this is for

General contractors, specialty contractors, electrical contractors, construction service businesses, and project-based companies.

See job profitability while you can still act on it.

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FAQ

Common questions

  • Yes. We build WIP reporting from job cost detail so the schedule ties to the general ledger.

  • No. Much of this work is done in QuickBooks, supported by job cost structure and reporting built around your projects.