Accounting Services
Outsourced Accounting

Expertly trained accountants with a deep understanding of the software and your industry,

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Bill Pay

Outsourced bill pay solution with cash flow reporting and tracked expenses.

What Are Outsourced Accounting Services and Do I Need Them?

If you are asking yourself these two questions, you've come to the right place.

What’s the Difference Between CFO and a Controller - and What Do I Need?

Although these two important roles are sometimes viewed as interchangeable there are important differences between them.

Industry Expertise
Our Key Industries

Expert knowledge and high-quality software solutions for our 5 key industries.

Construction & Real Estate

Real-time financial data and integrated job costing to generate reports and improve accountability.

Manufacturing & Distribution

Track billing of materials, implement inventory control systems, manage supplier base, and reduce unnecessary costs.


Our team has the expertise needed to navigate deposits, refunds, chargebacks, and processing fees to maximize efficiency.

Professional Services

Streamline financial operation and increase overall profitability to enable faster and smarter decisions.

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Why does industry expertise matter?

Industry focus allows us to be experts in the accounting needs of the companies that operate within these industries.

Why Plumb Works With These Industries

This is another one of our favorite questions. The answer is easy: we know these industries.

Software Expertise
Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

NetSuite Software

Integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

QuickBooks Software

Scalable solutions for reporting, transactions, month-end close, analysis, and more.

QuickBooks to NetSuite Migration: A Comprehensive Guide

Migrating from one accounting software platform to another is a critical undertaking for businesses. This is especially true when considering a transition from QuickBooks to NetSuite.

How do I know which Software is right for my company?

Selecting the "right" software for your company might seem like an overwhelming task, but we'd like to help make this process easier for you.

Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

Sage Intacct

Automate the critical processes, reduce the spreadsheet headaches, and get greater visibility into real-time business performance.

Sage 300 CRE

Sage 300 Construction & Real Estate connects finances and operations to help ensure maximum profit.

Sage 100 Contractor

The all-in-one construction software that goes beyond basic accounting to put you in total command of your projects.

Sage Estimating

Build bids quickly and precisely, plus integrate with other Sage software solutions to streamline operations.

Sage Paperless

Easily store, retrieve, and route documents for accounting and operations.

Sage Service

Streamline service calls and construction projects from start to finish with web-based real-time information.

Additional Solutions

Add-on these services to improve workflow and enhance data and analytics.

How and When to Choose Construction Accounting Software?

The right tools can help you manage your construction projects efficiently, provide clarity of your finances, and ultimately help improve profitability and job success.

5 Types of Visibility Every Construction Firm Should Have.

Here we list 5 key elements to help capture insights that are pivotal to running an efficient and lucrative constriction firm.

About Plumb

Plumb seeks to empower business owners and leaders to gain clarity about their financials to grow their business.

Case Studies

Learn more about our work with clients in a variety of different industries.

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The Plumb Promise


Want to join us? Check out our current open positions and apply today.

What can Plumb Do for Your Business?

At Plumb we pride ourselves on providing "clarity in accounting and stewardship in service." But what does that actually mean?

What's the Plumb Promise and What's in it for You?

We're on a continuous journey to go above and beyond for our clients. Here's how we do that.

A Step-by-Step Guide to Tracking Construction Costs

Posted on April 7, 2022 at 4:00 PM
Written by Plumb

As anyone in the construction industry will tell you, if you don’t have a good handle on the costs of your project, your chances of a smooth and profitable project can begin to diminish.

Here we take you through our step-by-step guide to tracking your construction costs – the good, the bad, and the change orders. 

1. Use good estimating tools.

There are some excellent estimating software options available today. A solid estimating tool can make the difference between an accurate budget and one that is either completely overblown or severely understated.

2. Create an accurate budget – and understand your costs.

When bidding for a job, make sure that you are using the best, most accurate budget. Understand the costs involved in your materials – and always try to get the best price. Without an accurate budget it’s impossible to understand if you are actually over on costs, or if your budget is too small. Spend the extra time fine-tuning your budget upfront. It’s well worth it.

3. Understand your labor costs, specifically.

Labor can be one of the biggest costs of a construction project. For subcontractors, it is the largest cost. Payroll can be difficult to manage, especially if it’s outsourced. Use an outsourced provider who specializes in construction accounting and payroll, and make sure that they provide job costing information that can easily be transferred to your accounting software.

4. Add your budget to your construction software tool.

Without a budget to track against, you’ll have no idea if your job is going well, if you are spending too much money, or if something has gone wrong. When you have no budget – or if your budget hasn’t been uploaded to your software - you can’t take action to rectify a problem… because you might not even understand what the problem is.

5. Use simple but descriptive cost codes.

Avoid any cost codes that are too detailed or complicated, or the people working in the field will never use them. Cost codes should be useful and simple. You want your cost codes to fit the needs of your business, but they should never be so complicated or confusing that those in the field don’t want (or can’t understand how) to use them. Simple cost codes – and their consistent usage – has the added benefit of providing valuable information for bidding on future projects.

 6. Provide accurate and timely information to the field.

Getting accurate information to and from the field can be a challenge, but giving them access to the information they need to manage their projects is pivotal. Also – a delay in getting costing information into the software won’t help anyone. Timely information allows them to adjust the project if and when needed.

7. Provide timely information to your operations team.

Your operations team needs an accurate and timely job costing report. This will allow them to take action to mitigate or minimize any profit loss they see early enough to make a difference in the job.

 8. Manage your change orders – closely.

There have always been -- and there will always be -- change orders on every construction job. You need to make sure that you collect on every change order, so you recoup any costs. It is imperative that you track your change orders and collect payment before the end of the job. Once a job is over, it is more difficult to collect payment, and your client is more likely to try to negotiate the cost.

 9. Understand your labor productivity.

You should conduct a labor productivity analysis for each job. This will not only allow you to understand where you might need to add more workers, but it will also be tremendously helpful as you go to bid, budget, and plan for future jobs. Labor can often be one of the largest line items on a construction budget, and you need to ensure that you understand what’s working, what’s not working, and what you need to do to fix it. 

Tracking construction costs is a crucial part of a successful and profitable construction project, but it doesn’t have to be difficult. Follow these steps and recommendations for a seamless way to track costs and understand your profitability.


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