Construction Month-End Close Checklist
A structured close checklist built for contractors: job costs, WIP, billings, retainage, and the reconciliations that keep the P&L honest. Use it as-is or adapt it to your own close.
What you'll learn
- A full close sequence from cost cutoff to management reporting
- The WIP schedule steps most close processes skip
- Retainage and holdback reconciliation steps
- Which steps disappear entirely when systems are connected
A three-week close is not a discipline problem. It is usually a systems problem wearing a discipline costume.
What's inside
Every construction close has the same skeleton: get all the costs in, get the billings right, true up the WIP, and report. The difference between a three-day close and a three-week close is how many of those steps involve chasing people for numbers.
This checklist lays out the full sequence. If a step on this list routinely takes days at your company, that step is telling you something about your systems.
- 1
Cost cutoff
All field time for the period entered and approved
- 2
Billings and revenue
All progress billings issued for the period
- 3
WIP schedule
Cost-to-complete updated on every active job by someone who knows the job
- 4
Retainage and compliance
Retainage receivable reconciled per job
- 5
Reporting
Job profitability report reviewed with operations, not just finance
Keep exploring Construction.
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