LedgerMatch
Bank Reconciliation Software for Construction Companies & Contractors
Construction bookkeeping is complex — progress billing draws, subcontractor payments, material purchases, equipment rentals, and payroll all hit the same bank account in irregular timing that makes manual reconciliation one of the most painful month-end tasks for construction bookkeepers. A general contractor with 5 active projects can have 500+ bank transactions in a busy month. LedgerMatch matches every progress billing deposit, subcontractor payment, and material purchase against your QuickBooks or Xero job cost ledger in under 10 minutes.
Common reconciliation challenges for construction businesses
- Progress billing draws are received on a 30–60 day lag from when the work was billed — making the bank deposit date very different from the ledger entry date
- Subcontractor payments, material vendor invoices, and equipment rental payments all have inconsistent bank descriptions that don't match the vendor name in QuickBooks
- Retainage holdbacks create a recurring difference between what's billed and what's deposited — manual tracking is error-prone
How LedgerMatch helps
- ±1 to ±3 day date tolerance matching catches progress billing deposits that arrive days after the expected posting date
- Fuzzy description matching handles vendor payments where the bank description is a truncated version of the full vendor name in QuickBooks
- Exception queue lets you annotate retainage differences clearly — the annotation exports to your audit trail for certified payroll and lien waiver documentation
Industry note
Construction companies using the percentage-of-completion accounting method must reconcile bank deposits to job cost accounts monthly. LedgerMatch gives construction bookkeepers a clean bank reconciliation that maps directly to job cost accounts in QuickBooks or Sage.
Common banking and accounting tools
- Wells Fargo
- Chase
- Bank of America
- Frost Bank
- Heartland Financial
- QuickBooks Online
- Sage 100 Contractor
- Procore
- Buildertrend
- Foundation Software
Explore related resources
- Reconciliation for construction businesses in New York
- Reconciliation for construction businesses in Los Angeles
- Reconciliation for construction businesses in Chicago
- Reconciliation for construction businesses in Houston
- Reconciliation for construction businesses in Phoenix
- Reconciliation for construction businesses in Philadelphia
Install LedgerMatch
Choose the browser or spreadsheet workflow that fits your team.