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love it or hate it you cannot run a legitimate construction business without it what am i talking about bookkeeping for your contracting business ill be sharing with you four different things you need to know in order to run a successful construction business [Music] so the first thing that we need to know about bookkeeping for a construction business is what are the benefits what are the pitfalls so essentially if you are not running proper bookkeeping uh things are a mess and youre not structuring your different incomes and expenses in the right way youre essentially sailing blind uh youre the captain of the ship youre the head of your business but you have no idea you know whats coming up next youre in the dark youre sailing blind you know an iceberg a large amount of debt some cash flow issues things can jump out and wreck you and wreck your business so thats the first thing we want to avoid by doing proper bookkeeping a second thing that you