Bookkeeping for Construction Companies
Job costing, progress billing, and cash flow clarity for contractors and builders across Canada and the United States.
Majoka Accounting Ltd. provides dedicated bookkeeping for construction companies, general contractors, subcontractors, and specialty trades. We track job costs by project, reconcile draws and holdbacks, keep payroll compliant across crews, and give owners a clear, current view of which jobs are actually making money.
Introduction
Construction accounting is not the same as bookkeeping for a typical small business. Revenue arrives in stages, costs are tied to specific jobs rather than a single general ledger line, and a contractor can be profitable on paper while running out of cash on a Tuesday because a holdback hasn't been released. Majoka Accounting Ltd. was built to handle exactly this kind of complexity.
We work with residential builders, commercial general contractors, and specialty trades such as electrical, plumbing, HVAC, framing, and concrete. Whether you run one crew or manage several active job sites at once, our bookkeeping team keeps your books current, your job costs accurate, and your reporting ready whenever a lender, bonding company, or your accountant needs it.
Why Bookkeeping Matters for Construction Companies
In construction, a healthy bank balance can hide a losing job, and a job that looks profitable on the contract can quietly bleed money through change orders, material overruns, or subcontractor invoices that never got coded to the right project. Accurate, job-level bookkeeping is what turns that uncertainty into a clear answer.
Bookkeeping done well tells you, project by project, what you've spent, what you've billed, and what's still outstanding. It supports accurate bidding on future work, gives your accountant clean data for corporate tax filings, and gives banks or bonding companies the financial statements they need to extend credit or bonding capacity.
Common Financial Challenges
Most construction companies we onboard are dealing with a version of the same handful of problems:
Our Bookkeeping Solutions
We build your books around your jobs, not the other way around. Every income and expense transaction is coded to the correct project so you always know your job-level margins, not just your overall bank balance.
Job Costing & WIP Support
We track labour, materials, subcontractor costs, and overhead allocation by job, and prepare Work-in-Progress summaries your accountant or lender can rely on. This is the foundation of construction bookkeeping and the piece most general bookkeepers get wrong.
Progress Billing & Holdback Tracking
We reconcile draw schedules against what's actually been invoiced, track retention and holdback amounts separately from regular receivables, and flag any gap between what's been billed and what's been collected.
Subcontractor & Vendor Management
We keep subcontractor invoices organized and coded to the right job, track certificates of insurance and WCB status where relevant, and support T5018/1099 preparation at year end.
Services Tailored for Construction Companies
Job-coded transaction entry, bank and credit card reconciliation, monthly financial statements
Rebuilding months or years of backlogged books, job by job
Correcting miscoded transactions and untangling jobs that were never separated properly
Crew payroll, remittances, T4/W-2 and ROE support, multi-jurisdiction handling
Construction-specific input tax credit tracking and filing-ready reports
Subcontractor and supplier invoice entry, approval routing, payment tracking
Progress invoice tracking, holdback aging, collections follow-up support
Per-project profitability and work-in-progress summaries
Benefits of Outsourcing Bookkeeping
Software We Support
We work inside the systems you already use, or help you choose one that fits a job-costing workflow.
Industries We Also Serve
Alongside construction, we support Realtors, Medical Clinics, Dentists, Lawyers, Restaurants, Trucking Companies, E-commerce Businesses, Manufacturing Businesses, Nonprofits, Consultants, and a range of home service trades including HVAC, electrical, and plumbing companies.
Why Choose Majoka Accounting Ltd.
Majoka Accounting Ltd. is a bookkeeping and accounting firm led by Managing Director M.A. Majoka, with Managing Partners Syed Mubashir Hassan and Ali Majoka. We work with construction companies across Canada and the United States, remotely, using secure cloud systems and a consistent monthly reporting cadence. We are not a CPA firm and do not perform audits, our focus is accurate, current bookkeeping that makes your accountant's job easier and your decisions clearer.
Our Simple Process
Frequently Asked Questions
Get Job-Level Clarity On Every Project
If you're tired of guessing which jobs are actually profitable, Majoka Accounting Ltd. can help. Book a free consultation or request a bookkeeping assessment, and we'll show you exactly where your books stand today.
Related Industries We Work With
Businesses like yours often ask us about these too. Each page covers the bookkeeping that sector actually needs.
Book a Free Consultation
Tell us how your business works and we'll show you exactly where your books stand, with a fixed monthly price and no obligation.