Commercial Construction Accounting is a critical aspect of running a successful business. It refers to the systematic tracking, monitoring and reporting of all financial transactions pertaining to commercial building and construction projects. This includes capital outlays, revenue streams, and cost controls necessary to ensure maximum profitability on each construction project. To accomplish this, commercial construction accountants must have an in-depth knowledge of best practices for budgeting, forecasting, bookkeeping and reporting. By utilizing effective accounting strategies, companies can maximize their return on investment while minimizing the potential risk associated with construction projects.