

Closing the Year-End Books in a Construction Company: A Detailed Guide to Preparing Accurate Financials for Your Business Tax Return
The year-end close for a construction company is more complex than for most other industries. Unlike standard businesses that record revenue at the point of sale, construction firms must navigate percentage-of-completion accounting, retainage, job costing, subcontractor compliance, multi-state tax exposure, bonding and WIP reporting, and equipment-heavy operations. Because of these unique challenges, closing the books in the construction industry requires a disciplined, multi


Year-End Accounting Close: A Comprehensive Guide to Preparing Your Business for Tax Reporting and Year-End Compliance
The year-end accounting close is one of the most important financial events for any business—especially for companies operating in industries with complex revenue cycles, subcontractor relationships, job costing, or seasonal fluctuations. A clean and accurate year-end close ensures tax returns can be filed correctly, lenders and bonding companies receive reliable financial statements, and owners have clear data for planning the upcoming year. This post provides a detailed, st
What a CFO of a Construction Company Should Do to Start the New Year on the Best Possible Path
The start of a new year is a pivotal moment for any construction company. It marks the transition into a new cycle of bidding, planning, staffing, and financial management, and it sets the tone for profitability and stability over the next twelve months. For a construction company, the Chief Financial Officer (CFO) plays a critical role during this period. The CFO’s decisions in the first few weeks of the year can determine whether the company experiences steady growth, chaot


How the CEO and CFO Work Together in a Construction Company: A Critical Partnership for Growth, Stability, and Long-Term Profitability
In the construction industry, the relationship between the CEO and CFO is one of the most important partnerships inside the company. Unlike many other industries where financial management and operational leadership can function in separate silos, construction requires the CEO and CFO to operate in constant alignment. Their decisions influence cash flow, bidding strategy, bonding capacity, project execution, workforce management, equipment planning, and long-term profitabilit


Understanding the Accounting Differences for Construction Contractors: Why the Construction Industry Requires Specialized Financial Systems
Accounting for construction contractors is fundamentally different from accounting used in traditional businesses. Unlike retail, hospitality, or professional services—industries with predictable revenue cycles and straightforward cost structures—construction companies operate within a complex financial environment shaped by long-term contracts, variable costs, multi-location job sites, retainage, specialized billing methods, and strict reporting requirements. Because of thes


Why Every Construction Contractor Needs a CFO: The Strategic, Financial, and Operational Advantages of High-Level Financial Leadership
The construction industry is unique in its complexity. Unlike traditional retail, professional services, or manufacturing, construction contractors operate in an environment defined by fluctuating materials costs, subcontractor relationships, weather delays, retainage pressures, strict bonding requirements, and margin volatility that can change project by project. These factors create financial challenges that most small and mid-sized construction companies are not equipped t


