Construction company accounting is the practice of managing and tracking finances for a construction business. It involves collecting invoices, creating financials reports, and tracking cash flow for each job that the organization takes on. An effective construction accounting system helps to ensure that projects stay on budget and are completed in a timely fashion. It also provides owners with key insights into their company’s overall financial health. Construction company accounting requires a detailed understanding of both the industry and its unique characteristics as well as basic accounting best practices. With the right systems in place, construction companies can maximize their profits while still providing quality services to their customers.