Construction accounting & bookkeeping built for Boston contractors
FinTruction provides construction accounting and bookkeeping in Boston for general contractors, subcontractors, biotech facility builders, university construction firms, HVAC contractors, electricians, plumbers, roofers, and remodeling companies. Our construction accounting and bookkeeping services include job costing, percentage of completion accounting, retainage tracking, AIA billing support, prevailing wage compliance, filed sub-bid tracking, Seaport District project accounting, and monthly contractor financial reporting.
Construction companies in Boston operate in one of the most expensive and competitive construction markets in the country. Biotech facility builds, university campus expansion, Seaport District development, MBTA transit projects, and historic renovation all demand specialized financial tracking that goes far beyond traditional bookkeeping.
We provide contractor bookkeeping services in Boston designed specifically for construction businesses. Our team maintains clean, reconciled, CPA ready financial records that account for the complexities of biotech facility builds, prevailing wage projects, filed sub-bids, and multi-project operations across Greater Boston.
Every construction platform claims to have a "QuickBooks integration." Most break the moment your books need to be accurate. Sales tax mismaps, retainage disappears, change orders create duplicates, and job costing reports stop matching project reality. We fix the integration so your software, your books, and your job‑level numbers all tell the same story.
Also work with Foundation, Sage 100, Bill.com, ADP, Gusto, Ramp, and more. See all platforms we integrate →
We set up and manage job costing systems so contractors in Boston can track every dollar by project. Whether you are building biotech labs in the Kendall Square corridor, renovating historic brownstones in Back Bay, or working on Seaport District high-rises, our job costing systems ensure accurate cost allocation, budget monitoring, and margin analysis.
We prepare WIP schedules and manage revenue recognition for construction companies in Boston. Whether you are bidding on public infrastructure projects, university builds, or reporting to bonding companies, accurate WIP schedules are essential for Boston contractors competing for institutional and commercial work in one of the nation's most active markets.
Retainage is one of the most mismanaged line items in construction accounting. Boston contractors working on large commercial, institutional, and biotech projects often hold 5% to 10% retainage on every contract. Tracking it incorrectly leads to cash flow problems, billing disputes, and inaccurate financial statements. FinTruction manages retainage receivable and retainage payable at the project level so your balance sheet always reflects the true financial position of your construction company.
Boston contractors face a complex tax landscape including the MA flat income tax, corporate excise tax, pass-through entity excise tax, and sales tax on materials. Our construction tax planning services align your job costing, WIP reporting, and revenue recognition with federal and state tax requirements so you stay compliant and minimize your tax burden. We also help contractors document qualifying expenditures for the Massachusetts Historic Rehabilitation Tax Credit on Boston renovation projects.
Growing construction companies in Boston need more than bookkeeping. Our controller services and CFO services give you executive-level financial oversight without the cost of a full-time hire. We provide strategic financial guidance tailored to how construction businesses operate in Boston's high-cost, high-competition market.
Our construction accounting services support a wide range of contractors and specialty trades operating across Boston and Greater Boston. Whether you run a crew of five or manage a multi-million dollar biotech facility build, we build financial systems that match the way your construction business works.
Are You a Contractor in Boston?
Let's Build Your Financial ClarityBoston is one of the most dynamic and expensive construction markets in the United States. The city's construction economy is driven by a convergence of biotech and pharmaceutical facility development, world-class university campus expansion, massive Seaport District commercial growth, MBTA transit modernization, and a surge in residential construction fueled by some of the highest housing demand in the nation.
The biotech and pharma construction boom that originated in Kendall Square has spilled across the Charles River into Boston's Seaport District, the Fenway area, and surrounding neighborhoods. Lab and research facility construction requires specialized mechanical, electrical, and plumbing systems that carry significantly higher costs than standard commercial builds. University construction at Harvard, MIT, Boston University, Northeastern, and other institutions adds consistent demand for contractors across all trades.
The Seaport District continues to be one of the largest active construction zones in the northeastern United States with billions in mixed-use, commercial, and residential development reshaping the waterfront. Meanwhile, MBTA expansion projects including Green Line extensions, station renovations, and bus rapid transit investments generate public infrastructure construction that requires prevailing wage compliance and certified payroll reporting.
FinTruction understands the financial demands of operating in Boston's construction market. Our construction accounting services are built to support contractors who manage multiple active jobs across diverse project types, track labor across union and non-union crews, handle complex billing structures, and need financial reporting that satisfies banks, bonding companies, and CPAs.
Chapter 149 Prevailing Wage: Massachusetts General Laws Chapter 149 requires contractors and subcontractors working on public construction projects in Boston to pay prevailing wage rates established by the Department of Labor Standards. Rates include base hourly wages, health and welfare, pension, supplemental unemployment, and annuity benefits that vary by trade classification. Weekly certified payroll reports must be submitted to the awarding authority. FinTruction tracks prevailing wage rates by trade, prepares certified payroll reports, and ensures your records meet DLS audit requirements.
Filed Sub-Bid Law: Massachusetts has a unique filed sub-bid requirement under Chapter 149 Section 44F. On public building projects estimated over a statutory threshold, general contractors in Boston must accept filed sub-bids from specialty trade subcontractors in designated categories including HVAC, electrical, plumbing, and other trades. FinTruction helps general contractors maintain proper financial documentation for filed sub-bid projects and track payments to filed sub-bidders at the project level.
Massachusetts Income and Corporate Tax: Massachusetts imposes a flat-rate income tax on individuals and a corporate excise tax on businesses. Pass-through entities such as S corporations and partnerships can elect to pay the pass-through entity excise tax. Boston construction companies must align their revenue recognition methods with MA tax requirements. FinTruction ensures your job costing, WIP reporting, and tax planning work together to minimize state tax liability while maintaining compliance.
Historic Rehabilitation Tax Credit: The Massachusetts Historic Rehabilitation Tax Credit provides a credit of up to 20 percent of qualified rehabilitation expenditures for certified historic structures. Boston has one of the largest inventories of historic buildings in the country, creating significant opportunities for contractors specializing in adaptive reuse and historic renovation. FinTruction's job costing systems segregate qualifying costs to support tax credit applications and maximize the credit amount.
Unlike general accounting firms, we specialize exclusively in construction accounting and contractor bookkeeping.
FinTruction provides construction accounting in Boston that integrates directly with the systems contractors already use. We connect your construction management software, payroll systems, and accounting platforms to create real time financial visibility and accurate job costing.
We configure QuickBooks Online and QuickBooks Desktop specifically for construction companies in Boston. From chart of accounts structure to job costing classes and progress invoicing, we set up your QuickBooks so it works the way contractors need it to, including prevailing wage project tracking, filed sub-bid payment management, and biotech construction cost categories.
Need QuickBooks Setup for Your Construction Business?
We integrate your accounting system with the construction management tools your company already uses. Accurate integrations reduce manual work and improve financial reporting accuracy for Boston contractors managing complex projects.
Our construction accounting services in Boston ensure your systems communicate properly so job costs, revenue, and expenses are tracked accurately.
Labor is one of the largest costs for construction companies in Boston, especially on biotech, university, and transit projects. We integrate payroll systems with job costing to ensure accurate labor allocation to each project, including union benefit fund contributions and prevailing wage tracking.
With properly integrated construction accounting systems, contractors in Boston gain:
FinTruction builds accounting systems that support decision making, not just compliance.
FinTruction provides construction accounting services across major cities in Massachusetts. Select your city below to learn more about our contractor bookkeeping and job costing services in your area.
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We serve contractors across all of Massachusetts
Boston's construction market includes biotech and pharmaceutical facility builds spilling over from Kendall Square, university campus expansion at Harvard, MIT, and Boston University, Seaport District commercial development, MBTA transit expansion, and historic renovation projects. Each project type has unique billing, compliance, and cost tracking requirements that general accounting firms are not equipped to handle effectively.
The Seaport District is one of the most active construction zones in the northeastern United States with billions in commercial, residential, and mixed-use development. Contractors working in the Seaport face complex project financing structures, multiple funding sources, phased construction schedules, and high material and labor costs. Accurate job costing and WIP reporting are essential to maintain profitability on these large-scale projects.
Yes. All contractors and subcontractors working on public construction projects in Boston must pay prevailing wage rates established by the Massachusetts Department of Labor Standards under Chapter 149. These rates include base hourly wages, health and welfare benefits, pension contributions, and supplemental payments by trade classification. Weekly certified payroll reports must be submitted to the awarding authority.
Biotech and pharmaceutical facility construction requires specialized mechanical, electrical, and plumbing systems with significantly higher labor and material costs than standard commercial construction. Contractors building lab and research facilities need detailed cost tracking for cleanroom construction, specialized HVAC systems, and equipment installation. Our job costing systems are configured to track these unique cost categories and support accurate project profitability analysis.
Yes. Massachusetts requires general contractors bidding on public building projects over a statutory threshold to use filed sub-bids from specialty trade subcontractors in designated categories including HVAC, electrical, and plumbing. This creates specific accounting requirements for tracking sub-bid amounts, change orders, and payment flows. FinTruction helps Boston contractors maintain proper financial records for filed sub-bid compliance.
Yes. MBTA expansion and transit infrastructure projects involve public funding, prevailing wage requirements, certified payroll reporting, and complex billing structures. FinTruction supports contractors working on Green Line Extension, bus rapid transit, and station renovation projects with job costing, progress billing, and compliance documentation tailored to transit construction requirements.
Yes. Massachusetts offers a Historic Rehabilitation Tax Credit of up to 20 percent of qualified rehabilitation expenditures for certified historic structures. Boston has one of the largest inventories of historic buildings in the country. Contractors working on historic renovation projects need accurate cost tracking to segregate qualifying expenditures from non-qualifying costs. FinTruction configures job costing systems to support tax credit documentation.
The cost of construction accounting services depends on the size of your company, the number of active projects, transaction volume, and the complexity of your financial reporting needs. FinTruction offers customized pricing based on your specific requirements. Schedule a free consultation and we will provide a clear proposal with no hidden fees.
Yes. QuickBooks Online can be configured for construction accounting when set up correctly. FinTruction specializes in setting up QuickBooks for Boston contractors with proper chart of accounts, job costing classes, progress invoicing, and retainage tracking. We also configure QuickBooks to handle prevailing wage project tracking and filed sub-bid payment management.
Switching is straightforward. We start with a free consultation to understand your current accounting setup, identify gaps, and outline a transition plan. We then onboard your company by setting up or cleaning your chart of accounts, migrating historical data, configuring job costing, and establishing reporting workflows. Most contractor transitions are completed within two to four weeks with no disruption to your daily operations.
Ready for Professional Construction Accounting in Boston?
If you are searching for construction accounting in Boston, contractor bookkeeping services, or job costing support for biotech, university, Seaport, or transit construction projects, FinTruction is ready to help your construction business gain financial clarity and profitability control.
Looking for professional construction accounting in Boston? Fill out the short form below and our contractor bookkeeping team will contact you within 24 hours.