Construction & Contracting Chart of Accounts

A comprehensive accounting structure tailored for construction & contracting businesses

Why Use This Template?

A well-structured Chart of Accounts is essential for accurate financial tracking and reporting in the construction & contracting sector. This template includes industry-specific accounts and categories designed to match your business operations.

How to Use This Template

Review the account structure below
Download in your preferred format (CSV or PDF)
Customize account codes and names as needed
Import into your accounting software

Chart of Accounts

Account Code	Account Name	Category	Type	Description
1101	Cash	Asset	Current Asset	Physical cash and bank accounts
1102	Accounts Receivable	Asset	Current Asset	Amounts owed by clients for completed projects or services
1103	Construction Materials Inventory	Asset	Current Asset	Raw materials and supplies for construction projects
1201	Construction Equipment	Asset	Fixed Asset	Cost of construction equipment and machinery
1202	Office Equipment	Asset	Fixed Asset	Office furniture, computers, and related equipment
1401	Prepaid Insurance	Asset	Prepayment	Insurance premiums paid in advance
1402	Prepaid Rent	Asset	Prepayment	Rental payments made in advance for office or equipment spaces
2101	Accounts Payable	Liability	Current Liability	Money owed to suppliers and subcontractors
2102	Taxes Payable	Liability	Current Liability	Taxes owed to government authorities
2103	Deferred Revenue	Liability	Current Liability	Payments received in advance for construction contracts
2201	Equipment Loan Payable	Liability	Non-Current Liability	Long-term loans for purchasing construction equipment
3101	Owner's Equity	Equity	Equity	Initial and additional investments by the business owner
3102	Retained Earnings	Equity	Equity	Cumulative profits retained in the business
4101	Depreciation Expense	Expense	Depreciation	Allocation of costs for construction equipment and machinery over time
4201	Direct Labor Costs	Expense	Direct Costs	Wages paid to construction workers directly involved in projects
4202	Materials Costs	Expense	Direct Costs	Costs of raw materials and supplies used in construction projects
4203	Subcontractor Costs	Expense	Direct Costs	Payments made to subcontractors for project-specific tasks
4301	Office Rent	Expense	Overhead	Cost of office space rental
4302	Utilities Expense	Expense	Overhead	Electricity, water, and other utilities for office and construction sites
4303	Administrative Salaries	Expense	Overhead	Salaries of administrative and support staff
4304	Equipment Maintenance	Expense	Overhead	Costs for maintaining construction equipment
5101	Construction Revenue	Revenue	Revenue	Income from construction projects
5102	Contract Revenue	Revenue	Revenue	Revenue from long-term construction contracts