chart of accounts construction industry

Learn about the chart of accounts for the construction industry and how it helps organize financial transactions specific to construction projects. Discover how to structure accounts for managing project costs, labor, materials, overhead, and subcontractor payments. A well-designed chart of accounts allows construction businesses to track expenses accurately, improve budgeting, and ensure compliance with industry standards. Whether you're a contractor, project manager, or accountant in construction, understanding the right chart of accounts setup is crucial for maintaining financial clarity and project profitability.