Bookkeeping in the Construction Industry refers to a set of activities used to record and measure the financial success of businesses in the construction sector. It involves tracking payments, income, expenses, labor costs, materials costs and other related transactions. Proper bookkeeping allows business owners in the construction industry to understand the financial health of their company and make informed decisions about where to invest and how to manage cash flow. By analyzing financial documents such as income statements, balance sheets and profit & loss statements, businesses can better gauge their successes or areas for improvement. With effective bookkeeping, construction industry businesses have the tools necessary to stay competitive in today’s market.