· JOB COSTING · TAX · CONTRACTOR ACCOUNTING · WIP
Accounting Built for How Construction Businesses Actually Work
Job costing, percentage of completion, retainage, and contractor-specific tax issues require advisors with real experience in construction. Archer Lewis works with contractors and developers who need specialists.
Our Approach
Financial advisors who understand how construction businesses actually work.
Construction businesses operate differently from most: revenue recognized over time on long-term contracts, costs tracked by job rather than period, retainage held back until completion, and equipment depreciation that requires specific tax knowledge. Archer Lewis works with general contractors, subcontractors, specialty trades, and developers, handling the job costing, financial reporting, and tax strategy that keeps construction businesses financially healthy and compliant.
What We Handle
Accounting and tax services for construction businesses
From job costing to contractor tax strategy, our team handles the complexity specific to construction.
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Job Costing & WIP Reporting
Accurate cost tracking by project and WIP reporting that tells you whether each job is on track before it's too late to adjust.
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Percentage of Completion Accounting
Revenue recognition on long-term contracts handled correctly, so your financial statements reflect actual project status.
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Construction Tax Planning
Equipment depreciation, bonus depreciation, and contractor-specific tax strategies planned proactively.
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Retainage Accounting
Proper accounting for retainage receivable and payable, so your cash flow picture reflects what's actually collectible.
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Equipment & Asset Planning
Depreciation strategy for construction equipment: bonus depreciation, Section 179, and like-kind exchanges.
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Surety Bond Support
Financial statements prepared to support bonding requirements in the format your surety requires.
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Multi-State Contractor Compliance
Construction projects in multiple states create filing obligations in each. We manage compliance across every state where you work.
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179D Deduction
Energy-efficient commercial building deductions for contractors and designers who qualify.
Job profitability needs to be visible during the project, not just after it's done.
Construction businesses that don't track costs by job consistently discover problems after the fact, when the job is complete and the margin is already gone. Archer Lewis builds the job costing and financial reporting systems that show where each project stands while there's still time to act.
Talk to a Construction Advisor
Common Questions
What contractors ask us.
Percentage of completion records revenue and costs in proportion to how complete each contract is, rather than when cash is received. For contractors with long-term contracts above IRS thresholds, it may be required. We determine your requirements and make sure your financial statements comply.
Job costing tracks revenue and costs by project so you know whether each job is profitable before it's complete. Without it, you're flying blind on individual project performance even if your overall financials look acceptable. It's the difference between knowing you're profitable and knowing which jobs are making you money.
Equipment depreciation through bonus depreciation and Section 179 can significantly reduce taxable income in years with major equipment purchases. The 179D deduction applies to certain construction projects. We review your situation proactively for every opportunity.
Surety companies require financial statements prepared to specific standards, usually reviewed or audited, in a particular format. We prepare contractor financial statements that satisfy surety requirements on the timeline your bonding needs demand.
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