Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

583: Building On Solid Ground: Your Construction Bookkeeping Foundation

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Synopsis

This Podcast Is Episode 583, And It's About  Building On Solid Ground: Your Construction Bookkeeping Foundation As a construction business owner, you must stay informed about your finances and financial situation. You do this through bookkeeping, the process of recording transactions in your business. This includes transactions, credit card charges, and any other economic activity within your company.   Financial management can easily be overlooked when managing projects, dealing with subcontractors, and ensuring customer satisfaction. However, neglecting proper bookkeeping can significantly impact the growth and success of your construction business. When your construction bookkeeping is set up right It gives you insights into your income and expenses, such as: How much money you've made How much money needs to be paid for bills or salaries  How much money should be put away for taxes or other unexpected costs  Bookkeeping also helps keep track of all your business transactions. A good system will serve