Construction accounting has many moving pieces. Below are some tips to remember: • Focus on accurate job costing. This is the key to ensuring a profitable construction business for many years. All projects and cash flow will hinge on the information gathered during this step. • Consider the cash method of accounting. When it comes to choosing an accounting method, go for the simplest. It's not too difficult to switch to another method if the company grows beyond using the cash method. • Use software. There are many options regarding software to help make construction accounting run smoothly. Invest in construction accounting software and any other software to help with the process of bookkeeping and financial management, the accounting cycle, job costing, and maintaining multiple projects.