man in green and yellow safety vest and blue denim jeans standing on brown wooden pallet

Project Accounting for Builders

Our Project Accounting for Builders service is designed to help construction businesses manage financial complexity—multiple budgets, subcontractor payments, fluctuating material costs and tight timelines. We help builders across Australia gain control and clarity over every dollar spent.

We use trusted platforms like Xero Projects and XPM to track costs in real time, manage job-specific budgets and automate reporting. These tools integrate seamlessly with your existing systems, giving you a centralised view of your financials across all projects.

two construction workers working on scaffolding on a building
two construction workers working on scaffolding on a building

The challenges we solve:

  • Inaccurate cost tracking across multiple jobs

  • Incorrect profitability on project basis

  • Non-reporting of Work-in-progress for each project

  • Manual tracking of projects

We ensure your accounting practices align with ATO regulations, Builder’s warranty insurance requirements and project-wise financial reporting standards.

Measurable client benefits

  • Accurate cost tracking across all active projects, reducing financial leakage and improving budget control

  • Reliable profitability insights per project, enabling smarter quoting and better resource allocation

  • Automated Work-in-Progress (WIP) reporting, giving real-time visibility into project status and financial health

  • Streamlined project management, replacing manual tracking with integrated tools for efficiency and reduced errors

person holding white and black checkered card
person holding white and black checkered card

With 7 Bells, your construction accounting is as solid as the structures you build.