Common Construction Accounting Challenges
Job Costing & WIP Reports
Stay compliant with ASC 606 and monitor profitability per project.
Payroll & Compliance
Manage prevailing wages, 1099s, and union reports accurately
Retainage Tracking
Track withheld amounts to keep billing smooth.
Cash Flow Fluctuations
Forecast project payments to maintain steady cash flow
Expense Tracking
Control overtime and equipment usage costs.
How Ambit helps
Here’s how Ambit brings clarity to your construction finances
Work-In-Progress (WIP) Traking
We monitor your ongoing projects, costs, and revenue.
Why it matters: Faster project closing and better margin control.
Job Costing & Budget Management
We help you plan, track, and manage costs for each project.
Why it matters: Avoid budget overruns and take smarter financial decisions.
Payroll & Compliance Handling
We manage staff wages, contractor payments, and all compliance needs.
Why it matters: Ensures timely payments and prevents legal issues.
Tax Planning & Filings
We take care of GST, Income Tax, TDS, and other returns.
Why it matters: Saves money and keeps your business fully compliant.
Financial Reports & Performance Insights
We provide easy-to-understand reports on cash flow, profit, and project performance.
Why it matters: Helps you make quick, clear, and confident business decisions.
Cloud Accounting & Audit Support
We maintain accurate cloud-based books and prepare all records for smooth audits.
Why it matters: Reduces errors, saves time, and gives you access from anywhere.
Why Ambit?
Our experts understand the unique accounting challenges construction businesses face — from retainage to project-based cash flow.
- 20+ years of experience in construction accounting.
- Up to 75% cost savings compared to in-house teams.
- Professionals trained in U.S. GAAP, IRS, and ASC 606 standards.
- 24/7 data-secure, cloud-based support.
Trusted by construction firms across the U.S.
Schedule a ConsultationGet Started Today
Don’t let financial complexity stall your next project. Ambit keeps your construction books job-ready.
Schedule a ConsultationFAQ
If you don't see an answer to your question, you can send us an email from our contact form.
Construction projects involve fluctuating costs, long timelines, job costing, retention, progress billing (RA bills), subcontractor payments, and WIP tracking — all of which require industry-specific accounting.
We provide job costing, bookkeeping, AP/AR management, subcontractor management, payroll, WIP schedules, budgeting, project cost tracking, GST/TDS filing, and financial reporting.
Outsourcing reduces overhead cost, increases accuracy, improves cash flow visibility, ensures compliance, and helps you focus on operations and project delivery.
Yes. We follow strict data security protocols, encrypted systems, and controlled access for all project and financial information.
Pricing depends on project size, number of ongoing jobs, volume of transactions, and specific service needs. We offer flexible packages.
Share your business details, current accounting structure, and requirements. We will assess everything and start onboarding within a few days.