{"id":3927,"date":"2023-09-14T21:25:52","date_gmt":"2023-09-14T21:25:52","guid":{"rendered":"https:\/\/tysllp.com\/?page_id=3927"},"modified":"2026-01-27T20:26:30","modified_gmt":"2026-01-27T20:26:30","slug":"construction-accounting","status":"publish","type":"page","link":"https:\/\/tysllp.com\/construction-accounting\/","title":{"rendered":"Construction Accounting"},"content":{"rendered":"
<\/div>
<\/div><\/div>

EXPERTS<\/h1>\n<\/div><\/div><\/div><\/div>

It doesn't get easier, you just get better.<\/h2>\n<\/div><\/div><\/div>
TYS helps companies like yours break through to the next level of performance.\u00a0<\/br> This highly effective, three-step process is called TYS Emerge<\/i>.<\/strong><\/div><\/span><\/span>
Learn More<\/span><\/div><\/div><\/a><\/div><\/div><\/div><\/div>

TYS is unique among the region\u2019s CPA firms.<\/h2>\n<\/div><\/div><\/div>

TYS provides a competitive advantage to our clients. We view it as a partnership. We do it by delivering over 60 years of construction market experience to its partners. Beyond our thorough understanding of the industry, we maintain strong relationships with legal, banking, bonding, and other critical firms and agencies. <\/span><\/p>\n

We understand the unique tax rules and alternatives that impact construction companies. <\/span>Whether you are looking for ways to better manage your projects, fine-tune your estimates or satisfy your bonding company, we partner with you to reduce the costs of doing business while maintaining compliance.<\/span><\/p><\/div><\/div>

\"Construction<\/span><\/div><\/div><\/div>
\"Construction<\/span><\/div>
Because we possess both accounting\/financial and process development expertise in the construction industry. This allows our accountants and consultants to help you develop growth and management skills throughout your entire company, not just the accounting department.<\/div>

The bottom line is specialized accounting services can provide essential financial insights and oversight for construction firms while saving time and money. The benefits for owners are well worth the investment.<\/p><\/div><\/div><\/div><\/div><\/div>

\"Construction<\/span>

TYS is unique among the region\u2019s CPA firms.<\/h2>\n<\/div><\/div><\/div>

TYS provides a competitive advantage to our clients. We view it as a partnership. We do it by delivering over 60 years of construction market experience to its partners. Beyond our thorough understanding of the industry, we maintain strong relationships with legal, banking, bonding, and other critical firms and agencies. <\/span><\/p>\n

We understand the unique tax rules and alternatives that impact construction companies. <\/span>Whether you are looking for ways to better manage your projects, fine-tune your estimates or satisfy your bonding company, we partner with you to reduce the costs of doing business while maintaining compliance.<\/span><\/p><\/div><\/div><\/div><\/div><\/div>

<\/div>
<\/div><\/div>

Learn more about the elements of good Construction Accounting Practices.<\/strong><\/br>\nHow Job Costing, Contract Revenue Recognition, Specialized Construction Billing and many other elements that vital for profitability in your Construction Company.<\/p><\/div><\/div><\/div><\/div>

Download our
\nFREE
Construction
\nAccounting
\neBook<\/p><\/div>

Learn More<\/span><\/div><\/div><\/a>
<\/div>
\"Image\"<\/a><\/div><\/div><\/div><\/div>
<\/div>
<\/div><\/div>
Because we possess both accounting\/financial and process development expertise in the construction industry. This allows our accountants and consultants to help you develop growth and management skills throughout your entire company, not just the accounting department.<\/div>

The bottom line is specialized accounting services can provide essential financial insights and oversight for construction firms while saving time and money. The benefits for owners are well worth the investment.<\/p><\/div>

<\/div>

Download our FREE Construction Accounting eBook.<\/h2>\n<\/div><\/div><\/div>\"Image\"<\/a><\/div>
Because we possess both accounting\/financial and process development expertise in the construction industry. This allows our accountants and consultants to help you develop growth and management skills throughout your entire company, not just the accounting department.<\/div>

The bottom line is specialized accounting services can provide essential financial insights and oversight for construction firms while saving time and money. The benefits for owners are well worth the investment.<\/p><\/div>

Download <\/span><\/div><\/div><\/a><\/div><\/div><\/div><\/div>
<\/div>
<\/div><\/div>
\"Image\"<\/span>

The Financial and Operational Benefits of Outsourcing Construction Accounting to an Expert:<\/h2>\n<\/div><\/div><\/div>

The Financial and Operational Benefits of Outsourcing Construction Accounting to an Expert:<\/h2>\n<\/div><\/div><\/div><\/div><\/div><\/div>
Reasons for a Construction Accountant<\/strong><\/span><\/div>
\u2022\u00a0 \u00a0Specialized expertise<\/strong>\u00a0<\/span><\/div>
Specialized expertise<\/strong> - Construction accounting is a complex and specialized field. A dedicated firm will have the expertise to handle the unique accounting, financial reporting, and tax compliance needs of the construction industry. This includes managing job cost accounting, WIP tracking, lien rights, and percentage-of-completion revenue recognition.<\/span><\/div>
Improved accuracy and compliance<\/strong> - Construction accounting firms are well-versed in industry standards and regulations. They can ensure revenues, costs, and profits are accounted for accurately and in compliance with GAAP standards. This prevents errors that could lead to fines or back taxes.<\/div>
\u2022\u00a0 \u00a0Improved accuracy & compliance<\/strong><\/div>
\u2022\u00a0 \u00a0Increased efficiency<\/strong><\/div>
\u2022\u00a0 \u00a0Faster financial close<\/strong><\/div>
\u2022\u00a0 \u00a0Tax planning<\/strong><\/div>
\u2022\u00a0 \u00a0Enhanced forecasting<\/strong><\/div>
Faster financial close<\/strong> - With a thorough understanding of the construction business, a specialized firm can quickly analyze costs, gross profit margins, and WIP. This allows them to close the books faster and provide financial statements to owners and stakeholders sooner.<\/div>

Enhanced forecasting<\/strong> - Industry-specific knowledge allows a construction accounting firm to create detailed forecasts of future revenue and profit. This gives owners greater insight for making business decisions.<\/p>\n

<\/p><\/div><\/div>

\"Construction<\/span><\/div><\/div><\/div>
Reasons for a Construction Accountant<\/strong><\/span><\/div>
\u2022\u00a0 \u00a0Specialized expertise<\/strong>\u00a0<\/span><\/div>
Specialized expertise<\/strong> - Construction accounting is a complex and specialized field. A dedicated firm will have the expertise to handle the unique accounting, financial reporting, and tax compliance needs of the construction industry. This includes managing job cost accounting, WIP tracking, lien rights, and percentage-of-completion revenue recognition.<\/span><\/div>
Improved accuracy and compliance<\/strong> - Construction accounting firms are well-versed in industry standards and regulations. They can ensure revenues, costs, and profits are accounted for accurately and in compliance with GAAP standards. This prevents errors that could lead to fines or back taxes.<\/div>
\u2022\u00a0 \u00a0Improved accuracy & compliance<\/strong><\/div>
\u2022\u00a0 \u00a0Increased efficiency<\/strong><\/div>
\u2022\u00a0 \u00a0Faster financial close<\/strong><\/div>
\u2022\u00a0 \u00a0Tax planning<\/strong><\/div>
\u2022\u00a0 \u00a0Enhanced forecasting<\/strong><\/div>
Faster financial close<\/strong> - With a thorough understanding of the construction business, a specialized firm can quickly analyze costs, gross profit margins, and WIP. This allows them to close the books faster and provide financial statements to owners and stakeholders sooner.<\/div>

Enhanced forecasting<\/strong> - Industry-specific knowledge allows a construction accounting firm to create detailed forecasts of future revenue and profit. This gives owners greater insight for making business decisions.<\/p>\n

<\/p><\/div><\/div>

\"Construction<\/span><\/div><\/div><\/div><\/div>
<\/div>
<\/div><\/div>
\"Image\"<\/span><\/div><\/div><\/div>
Reasons for a Construction Accountant<\/strong><\/span><\/div>
\u2022\u00a0 \u00a0Specialized expertise<\/strong>\u00a0<\/span><\/div>
Specialized expertise<\/strong> - Construction accounting is a complex and specialized field. A dedicated firm will have the expertise to handle the unique accounting, financial reporting, and tax compliance needs of the construction industry. This includes managing job cost accounting, WIP tracking, lien rights, and percentage-of-completion revenue recognition.<\/span><\/div>
Improved accuracy and compliance<\/strong> - Construction accounting firms are well-versed in industry standards and regulations. They can ensure revenues, costs, and profits are accounted for accurately and in compliance with GAAP standards. This prevents errors that could lead to fines or back taxes.<\/div>
\u2022\u00a0 \u00a0Improved accuracy & compliance<\/strong><\/div>
\u2022\u00a0 \u00a0Increased efficiency<\/strong><\/div>
\u2022\u00a0 \u00a0Faster financial close<\/strong><\/div>
\u2022\u00a0 \u00a0Tax planning<\/strong><\/div>
\u2022\u00a0 \u00a0Enhanced forecasting<\/strong><\/div>
Faster financial close<\/strong> - With a thorough understanding of the construction business, a specialized firm can quickly analyze costs, gross profit margins, and WIP. This allows them to close the books faster and provide financial statements to owners and stakeholders sooner.<\/div>

Enhanced forecasting<\/strong> - Industry-specific knowledge allows a construction accounting firm to create detailed forecasts of future revenue and profit. This gives owners greater insight for making business decisions.<\/p>\n

<\/p><\/div><\/div>

\"Construction<\/span><\/div><\/div><\/div>

Download our FREE<\/strong>
\nConstruction Accounting <\/strong>
\neBook<\/strong><\/p><\/div>

Download our<\/strong>
\nFREE<\/strong>
\nConstruction<\/strong>
\nAccounting <\/strong>
\neBook<\/strong><\/p><\/div>

Download<\/span><\/div><\/div><\/a><\/div>
\"Construction<\/a><\/div><\/div><\/div><\/div>
\"United<\/a><\/div>
\"Construction<\/a><\/div>
\"Surety<\/a><\/div>
\"Surety<\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

EXPERTS It doesn’t get easier, you just get better. TYS helps companies like yours break through to the next level of performance.\u00a0 This highly effective, three-step process is called TYS Emerge.Learn MoreTYS is unique among the region\u2019s CPA firms. TYS provides a competitive advantage to our clients. We view it as a partnership. We do it by delivering over 60 … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":3477,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-blank-4.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-3927","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nConstruction Accounting - TYS ACCOUNTANTS<\/title>\n<meta name=\"description\" content=\"TYS is more than an accounting firm. 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