Construction Accounting Jobs
Accounting jobs exist in all industries. Accountants working in the construction sector need to understand specific practices that occur in this industry and how to account for them. These practices include multiple billings throughout a particular job, using job order costing and making pricing decisions.
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Construction Invoicing Analyst
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When a construction company and a client enter a contract, they negotiate the timing and amount of the billings. Construction companies often bill customers at periodic times throughout the term of the construction job. These billings occur regardless of the level of work completed. The construction invoicing analyst manages the billing for each customer. He also reviews each contract to determine when each bill should be mailed to a customer and the exact amount that must billed to the client. For example, construction contracts may stipulate specific dollar amounts per billing, and each billing may include charges for materials or supplies. The median salary for an construction invoicing analyst was more than $32,000 in May 2008, according to the latest figures from the Bureau of Labor Statistics.
Job Order Cost Accountant
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The cost of each construction job varies depending on the materials required, the labor hours needed and the specific work requested by the client. The job order cost accountant determines the cost of each job as it occurs. He does this by tracking the specific quantities of materials used and the actual labor hours attributed to the particular job. He also allocates overhead costs to the job. At the completion of the job, the job order cost accountant adds up the total cost of the construction project. This amount is used to determine profitability for each project. The median salary for a job order cost accountant was more than $59,000 in May 2008, according to Bureau of Labor Statistics data available in 2010.
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Accounts Receivable Analyst
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Accounts receivable analysts review the customer accounts to see which accounts are past due. If a customer is not satisfied with the work provided by the construction company, they may choose to withhold payment. The accounts receivable analyst follows up with all past-due customers to find out why payments weren't made. He compares the customer's reason for nonpayment to the terms of the contract to determine if the customer's reason is legitimate or if the company needs to take legal action. The median salary for an accounts receivable analyst was more than $59,000 in May 2008, according to the latest data from the Bureau of Labor Statistics.
Construction Accounting Manager
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The construction accounting manager oversees all of the accounting activities related to the construction job. The construction accounting manager may oversee several construction jobs occurring at the same time. The construction accounting manager also negotiates supply prices with vendors, estimates job costs and bids on new jobs.
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