Construction Bookkeeping

WIP Schedules That Actually Match Reality.

Deep job costing and WIP reporting for general contractors and builders — so your percentage-of-completion actually matches what’s happening on site.

★★★★★ 5.0 (13 Google Reviews) Women‑Owned WIP & Job Costing Specialists
Sample Project
Contract Value$850,000
Billed to Date$510,000
Costs to Date$385,000
Est. Margin25.9%
What's Included

Built for GCs running multiple jobs at once.

WIP is the baseline. Here’s what comes with it.

01

Monthly Bookkeeping

Full reconciliations across every account, every month, in QuickBooks Online — no backlog, no guesswork.

02

WIP Schedules

Percentage-of-completion reporting that matches actual job progress — over/under billing tracked in real time, not discovered at year-end.

03

AIA Billing

Pay applications and AIA-style billing that match your schedule of values, so draws go out clean and on time.

04

Subcontractor & Retainage Tracking

Know what’s owed to every sub, what’s being held back, and when it’s due — across every active job.

Job-Level Visibility

Know which jobs are actually making money.

Company-wide profit only tells part of the story. Construction businesses need to understand what is happening at the job level — while there is still time to act.

Project Commercial Buildout
Contract Value$850,000
Billed to Date$510,000
Costs to Date$385,000
Est. Cost to Complete$245,000
Est. Gross Profit$220,000
Est. Margin25.9%

Are costs running ahead of budget?

Is the job still producing the margin we expected?

Are we billing ahead or falling behind?

Has the estimated cost to complete changed?

Is the job actually profitable?

Work In Progress

Your P&L doesn't tell the whole story.

For contractors with jobs spanning multiple accounting periods, simply comparing invoices to expenses can create a misleading picture of profitability.

A Work in Progress schedule helps align revenue recognition with the actual progress of each job so financial reporting better reflects what is happening in the field.

Contract Value$850,000
Estimated Total Cost$630,000
Costs to Date$385,000
% Complete61%
Revenue Earned$518,500
Billed to Date$510,000
Over / Under BillingUnderbilled $8,500

% Complete

How much of the project's estimated total cost has been incurred.

Revenue Earned

The portion of contract revenue that corresponds with the project's progress.

Billed to Date

How much has actually been invoiced to the customer.

Over / Under Billing

The difference between revenue earned and amounts billed.

From The Field To The Ledger

What happens on the job should show up in the numbers.

Labor + Materials + Subcontractors + Equipment & Other Direct Costs
Job Cost WIP Job Profitability
Getting Paid

Billing doesn't always mean getting paid.

AIA Billing

For construction companies using progress billing, Ample(x) Consultants can support AIA-style billing workflows so invoices align with project progress and financial records.

Schedule of Values Progress Billing Previous Applications Current Work Completed Stored Materials Retainage Amount Currently Due

Retainage

A portion of what you've earned may remain unpaid until later in the project. Tracking retainage separately helps you understand what has been billed, what has been collected, and what is still owed.

Billed$510,000
Collected$459,000
Retainage Held$51,000
Remaining Receivable$51,000
The Real Question

$5 million in revenue doesn't tell you which jobs made money.

Construction companies can grow revenue while losing margin on individual projects. Without accurate job costing, WIP reporting, and cost-to-complete information, problems may not become obvious until the job is nearly finished.

Which jobs are making money?

Which jobs are losing margin?

Which jobs need attention now?

Who It’s For

Builders who’ve outgrown basic job costing.

Built for general contractors and builders doing $2M–$20M in revenue, running multiple jobs at once — where WIP accuracy and subcontractor tracking matter more than basic bookkeeping.

You Know the Company's Profit — But Not Each Job's

Your overall P&L looks healthy, but individual project profitability isn't clear.

Your WIP Schedule Doesn't Match the Field

Accounting says one thing while the project team knows something different.

Costs Aren't Consistently Assigned to Jobs

Labor, materials, subcontractors, or other direct costs aren't consistently flowing to the correct project.

You're Finding Margin Problems Too Late

By the time you discover a job is underperforming, there isn't enough work remaining to correct it.

Billing and Progress Don't Match

Invoices, percentage complete, and actual project activity aren't aligned.

You've Outgrown Basic QuickBooks Reporting

The business needs construction-specific reporting beyond a standard Profit & Loss.

Common Questions

Construction Bookkeeping Questions

What is construction bookkeeping?

Construction bookkeeping tracks financial activity not only at the company level but also by project, helping contractors understand job costs, billing, profitability, and overall financial performance.

What is job costing?

Job costing assigns applicable revenue and costs — such as labor, materials, subcontractors, and other direct expenses — to individual projects so contractors can better understand project profitability.

What is a WIP schedule?

A Work in Progress schedule compares project costs, estimated total costs, percentage complete, earned revenue, and amounts billed to provide a clearer financial picture of active construction projects.

Why doesn't my Profit & Loss show whether each job is profitable?

A company-wide Profit & Loss combines financial activity across the business. Job costing and project-level reporting provide additional detail needed to evaluate individual jobs.

Can Ample(x) Consultants help with AIA billing?

Ample(x) Consultants can support AIA-style progress billing workflows based on the needs and scope of the engagement.

Can you track subcontractors and retainage?

Yes. Construction bookkeeping services can include subcontractor-related accounting, retainage tracking, and related receivable/payable activity depending on the service agreement.

Can you clean up our existing construction bookkeeping?

Yes. Ample(x) Consultants can review existing bookkeeping and job-costing records and scope cleanup work where historical accounting needs correction.

Do you work with QuickBooks Online?

Yes. Ample(x) Consultants primarily works with QuickBooks Online for many construction bookkeeping engagements.

Get Started

Let’s look at your WIP.

Two ways to start — pick whichever fits where you're at.

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Book a free 20-minute clarity call. No pitch.

Just a real look at where your WIP stands and whether we’re a fit.

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