Yes, VJD Financial Solutions provides bookkeeping for construction companies across New Jersey. Construction accounting is fundamentally different from standard small business bookkeeping, so we approach it with the specific tracking and reporting that contractors need.

The core of construction accounting is job costing. Every dollar of labor, materials, and subcontractor expense needs to tie back to a specific project. Without this, you know your overall profit but not which jobs made money and which ones lost it. Construction job costing tracks costs by project so you can see actual profitability on each job, compare it to your estimate, and make better decisions on future bids.

Progress billing adds another layer of complexity. Most construction work gets billed in stages rather than all at once at completion. Your books need to reflect revenue earned versus revenue billed, which creates work-in-progress tracking requirements. WIP reporting shows the true financial position of active jobs, not just what has been invoiced or paid.

Change orders require careful handling. When scope changes mid-project, the original budget needs to stay intact while the approved changes get tracked separately. This lets you see whether overruns came from poor estimating or from legitimate scope additions that were priced and approved.

Retainage is common in commercial and larger residential work. When a customer holds back 5 or 10 percent until final completion, your receivables and revenue recognition need to account for it. Standard bookkeeping software handles this poorly unless it is configured specifically for construction.

Many contractors start with generic bookkeeping services and discover their reports don’t answer the questions they actually need answered. They can see company-wide numbers but can’t tell which project types are profitable or why their margins are different than expected. Construction-specific setup solves this.

If your current bookkeeping doesn’t give you job-level profitability, we can help with both cleanup and ongoing monthly service.