Many construction bookkeepers have gaps in their knowledge about how to produce quality financial statements. That can matter at year-end. There is only so much your CPA can do at the end of the financial year to correct or modify poorly recorded transactions.

In some companies, bookkeepers may keep records in a certain, albeit less-than-perfect, way simply because it is how things have always been done. That may not help your business meet the challenges in today’s competitive world where lending, bonding, and mergers and acquisitions depend on accurate representations of business transactions. Well-trained construction bookkeepers can help you plan and save cash, gain access to more leverage and credit, and finance large-scale initiatives.

Full article