Construction General Ledger Accounts are the financial records used to track all of the assets, liabilities, and transactions associated with a construction project. They give an up-to-date view of the project’s financial health in order for accurate accounting, budgeting, and decision-making. Construction general ledger accounts ensure that all sources of funds are recorded correctly, with all transactions properly classified and categorized into their respective categories. This way, it becomes easier to gain insights on how well the construction project is progressing and where improvements can be made. With careful consideration given to the proper setup of construction general ledger accounts, companies can improve their financial performance while keeping their projects on track.