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What Is a Construction Accountant and How to Become One

What Is a Construction Accountant and How to Become One Image

What Is Construction Accounting?

Construction projects include multiple vendors and contracts, with large amounts of money going in and out of a project. Construction accounting is a method of accounting to ensure all construction costs that were estimated and budgeted are tracked. A construction accountant must meet the qualifications for working with multiple payments, insurance needs, and indirect and direct costs involved. Construction accounting differs from regular accounting and requires specialized training to understand revenue and billing in this industry and for particular organizations or projects.

How to Become a Construction Accountant

To pursue a career as a construction accountant, you need a bachelor’s degree in accounting, finance, mathematics, or a similar field. You may need some on-the-job training to familiarize yourself with your employer’s construction accounting software. Previous experience in an accounting role is beneficial, especially if you hope to transition into a supervisory position. You can also complete a construction management training course to learn specific construction-related accounting and business practices, such as working from an estimate on a project.