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[Music] being a general contractor is no easy task you have to sort through emails calls texts and any necessary paperwork you also have to drive from job site to job site to inspect work being done and see how your teams are doing you even have meetings with subcontractors owners designers architects and engineers to top it all off even after all of that you still have the most crucial factor to consider in any construction project reviewing the budget as a gc you have to think about tons of financial factors from billing to the cost of labor and production since construction works on a project basis things are constantly changing that's why you and your team must understand construction accounting construction accounting is a unique form of bookkeeping and financial management it's explicitly designed to help contractors track each job and how it affects the company as a whole while it draws in all the basic principles of general accounting it also has several important distinct fea...