Advisory · 5 min read
Construction Accounting in Denver: Guide for Contractors
Denver contractors need accounting systems built around projects, job costs, and cash flow timing. Construction accounting is more complex than general small business bookkeeping.
Job Costing
Job costing tracks revenue and expenses by project. This shows which jobs are profitable and helps contractors bid future work more accurately.
Progress Billing
Construction projects are often billed in stages as work is completed. Accurate progress billing keeps cash flowing and matches revenue to costs.
Payroll and Subcontractors
Construction payroll includes employees, prevailing wage on public projects, and 1099 subcontractors. Proper classification and reporting is critical.
Tax Planning
- Equipment depreciation
- Section 179 deductions
- Vehicle deductions
- Colorado state tax considerations
- Entity structure planning
