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Industry Expertise

Construction Bookkeeping Services for U.S. Contractors

Job costing errors and subcontractor payment tracking are eating your time. Twelix fixes your books so you can focus on building, not bookkeeping.

Everything our construction bookkeeping covers

What we handle for you, and the deductions we capture along the way — all built into how we run your books from day one. Nothing you need to bring to a meeting.

01
Job costing & project-based P&L
Every project gets its own cost tracking — labor, materials, and subs — so you always know which jobs make money and which quietly bleed.
02
Direct job costs vs. overhead separated
Materials, labor, and equipment costs are tracked per job. Overhead like rent and admin are kept separate, so your job-level margins are real.
03
Progress billing & revenue recognition
Bill accurately as work advances, with revenue only recognized as it's actually earned.
04
Subcontractor payments & 1099 compliance
All subcontractor payments tracked throughout the year, properly flagged so 1099 filing is handled cleanly every January.
05
Retainage receivable & payable
Held-back funds tracked correctly — never recorded as income until they're actually earned.
06
Equipment: expense vs. depreciate
Tools and equipment classified as immediate expenses or depreciable assets per IRS cost thresholds — nothing miscategorized.
07
Equipment depreciation & asset tracking
Maximize deductions and keep every asset value current.
08
Monthly reports by project & company-wide
See performance per job and across the whole company at a glance.

Deductions we track for you

Equipment & Vehicles

Section 179 deduction for heavy equipment, trucks, and trailers.

Safety Equipment

Hard hats, vests, PPE, and OSHA compliance costs.

Permits & Licenses

Contractor licenses, building permits, and bonding costs.

Fuel & Mileage

Gas, diesel, and mileage for job-site travel.

Tools & Supplies

Hand tools, power tools, and consumable materials.

Materials & Supplies

Lumber, concrete, electrical, plumbing — all deductible project costs.

Twelix Accounting Demo

Clean books, handled for you
every single month.

Hand off the categorizing, reconciling, and reporting to a dedicated Twelix bookkeeper. You get CPA-ready financials on schedule — and your time back to actually run the business.

Book a Free Consultation

Why Businesses Choose Twelix

We don't just keep your books, we give you the financial clarity to run your business with confidence.

150,000+
Transactions reconciled
11,000+
Hours of bookkeeping
200+
Clients served
99%
5-star reviews
60%
Cost reduction
14+
Industries served
Hear it straight from our clients

Construction Bookkeeping Challenges Which We Take Care of

Job Costing Complexity

Tracking costs across multiple jobs, change orders, and phases requires specialized accounting methods.

Progress Billing

Percentage-of-completion billing creates revenue recognition challenges that general bookkeepers miss.

Subcontractor Tracking

1099 compliance, lien waivers, and payment tracking for dozens of subs is a full-time job.

Retainage Management

Tracking retainage held and owed across multiple projects requires specialized accounts.

Job Costing Complexity

Tracking costs across multiple jobs, change orders, and phases requires specialized accounting methods.

Progress Billing

Percentage-of-completion billing creates revenue recognition challenges that general bookkeepers miss.

Subcontractor Tracking

1099 compliance, lien waivers, and payment tracking for dozens of subs is a full-time job.

Retainage Management

Tracking retainage held and owed across multiple projects requires specialized accounts.

Job Costing Complexity

Tracking costs across multiple jobs, change orders, and phases requires specialized accounting methods.

Progress Billing

Percentage-of-completion billing creates revenue recognition challenges that general bookkeepers miss.

Subcontractor Tracking

1099 compliance, lien waivers, and payment tracking for dozens of subs is a full-time job.

Retainage Management

Tracking retainage held and owed across multiple projects requires specialized accounts.

Construction Bookkeeping FAQ

Yes. We track costs, revenue, and profitability for every active project individually.

We track all subcontractor payments throughout the year and prepare 1099s for filing.

We maintain separate retainage receivable and payable accounts and reconcile them monthly.

We integrate with Procore, Buildertrend, and other construction management platforms alongside QuickBooks or Xero.

Yes. We manage percentage-of-completion and progress billing entries according to construction accounting standards.

Still have a question?

Drop us a line and we'll get right back to you.

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Ready to Fix Your Construction Books?