Building Financial Foundations
Construction businesses have enough to juggle without second-guessing their numbers. At The Garis Group in Newcastle, our construction accounting services are designed to give small to medium building and trade businesses better visibility over their project costs, cashflow, and compliance.
Whether you're managing multiple sites, subcontractors, or progress claims, we help bring structure and clarity to your financials. We tailor our support to match your workflows and build financial systems that actually make sense for your day-to-day operations and long-term planning needs.
In addition to construction accounting, we also assist clients with tax planning, business advisory, and regulatory compliance, giving you a well-rounded approach to financial management and operational efficiency. Whether you need help managing job costing, staying on top of obligations, or improving project profitability, we’re here to support your business from the ground up.
Call The Garis Group today on (02) 4969 4699 to discuss how we can assist with your construction accounting in Newcastle, Sydney, the Hunter Valley, and beyond. We're dedicated to providing customised solutions that meet your business’s unique needs.
Why Choose Us?
Our construction accounting services are built for small to medium builders and trades operating in a fast-moving, high-pressure environment. We help you stay organised, compliant, and in control of your numbers — no matter how many moving parts are on the go.
- Industry-aligned accounting knowledge
We understand the ins and outs of construction workflows and tailor your reporting and systems accordingly. - Project-based financial support
From job costing to cashflow tracking, we help you stay on top of every project stage. - Support with ATO and regulatory needs
We keep your financials aligned with tax and compliance requirements to avoid delays or setbacks.
We work with builders, contractors, and trade business owners to implement accounting systems that work in the real world — not just on paper. Whether you're refining your reporting or simplifying your tax process, we’re here to help you stay focused on the tools, not the spreadsheets.
Frequently Asked Questions
What is construction accounting, and how does it differ from general accounting?
Construction accounting is a tailored branch of accounting to meet the unique needs of the construction industry. Unlike general accounting, it focuses on project-based financial management, cost control, and compliance with industry-specific regulations. Key elements include job costing, which tracks expenses for individual projects, and revenue recognition, which confirms income is reported accurately based on project progress. Construction accounting also considers variables like subcontractor payments, retainage, and materials procurement. These complexities require a tailored approach to confirm financial accuracy, profitability, and compliance, making professional accounting support essential for construction firms.
How can construction accounting improve project management?
Construction accounting enhances project management by providing clear insights into project costs, budgets, and profitability. Tools like job costing and financial reporting help managers track expenses, identify cost overruns, and make data-driven decisions in real-time. Accurate financial information supports better planning and resource allocation, helping projects stay on schedule and within budget. Additionally, compliance with tax and industry regulations is streamlined, reducing risks of penalties or delays. By integrating construction accounting into project management, businesses can improve efficiency, control costs, and enhance overall profitability.
Why should construction firms seek accounting services?
Construction firms face unique financial challenges, such as managing multiple projects, complex billing cycles, and regulatory requirements. Professional accounting services address these needs by providing tailored solutions for job costing, payroll, compliance, and cash flow management. Professional support promotes accurate financial reporting, helping businesses maintain transparency and make informed decisions. It also reduces administrative burdens, allowing owners and managers to focus on operational priorities. For firms aiming to optimise their finances, meet regulatory standards, and achieve sustainable growth, professional accounting services are an invaluable resource.
