Accounting for construction companies is the process of tracking and recording financial transactions related to building, constructing, or creating projects. This process involves managing all types of expenses, including supplies, labor costs, taxes, overhead, and more. Accounting helps construction companies accurately measure the success or failure of a project before it’s completed, allowing them to make informed business decisions that are in line with their long-term goals. It also provides insight into the most profitable parts of a project so that a construction business can stay on budget and maximize its profits.