Construction Accounting can be described as a specialized type of accounting that focuses on the financial facets of construction projects. It is designed to keep track of all the expenses related to the completion of any given project, including labor, material, overhead, and equipment costs. Construction Accounting is also used to help estimate costs for future projects and can provide insight into the efficiency of current projects.

Regular accounting refers to the day-to-day activities involved with financially managing an organization or individual. This includes recording and tracking expenses, sales, payments, and other business-related transactions over a period of time. Regular accounting is used to obtain a balance sheet that can provide financial insights such as net worth and cash flow.