What Is a Chart of Accounts for a Construction Company?

The chart of accounts is the list of every bucket where financial transactions can be posted — assets, liabilities, equity, revenue, expenses. In construction, the chart needs specific structure for work-in-progress accounting, job costing, retainage, and percentage-of-completion revenue recognition. Here is what a construction chart of accounts contains, how it differs from generic charts, and how to structure one for a growing company.