Bookkeeping for a construction company is the process of recording, categorizing and tracking all financial transactions that take place within the organization. It involves analyzing the data collected in order to gain insights about the company’s financial standing. In terms of construction, bookkeeping activities cover purchases, invoices, payroll, labor costs, tax information, profits, debts and other expenses related to the building process. Accurate records of these figures are essential to ensure compliance with government regulations and also to provide transparency to key stakeholders like investors, financial advisors and creditors. All of this allows the construction company to make informed decisions and plan their steps ahead and run successfully.