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At TM Group Accounting Hawaii LLC, we believe bookkeeping shouldn't be a mystery
— especially in construction, where every dollar counts and every deadline matters.
That’s why we’ve put together this collection of practical resources to help you stay
informed, organized, and financially strong.
FREE
RESOURCES
FAQs
What’s the difference between regular bookkeeping and construction bookkeeping?
Construction bookkeeping requires job costing, WIP (Work-in-Progress) reports, retention tracking, and progress billing.
Regular bookkeeping often misses these. We specialize in accounting built for the job site, not the coffee shop.
FAQs
How do I handle progress billing?
Construction bookkeeping requires job costing, WIP (Work-in-Progress) reports, retention tracking, and progress billing. Regular bookkeeping
often misses these. We specialize in accounting built for the job site, not the coffee shop.
FAQs
Do I need to send 1099s to subcontractors?
Construction bookkeeping requires job costing, WIP (Work-in-Progress) reports, retention tracking, and progress billing. Regular bookkeeping
often misses these. We specialize in accounting built for the job site, not the coffee shop.
FAQs
Can you clean up past years of books?
Construction bookkeeping requires job costing, WIP (Work-in-Progress) reports, retention tracking, and progress billing. Regular bookkeeping
often misses these. We specialize in accounting built for the job site, not the coffee shop.
FAQs
Do you only work with
Hawaii-based contractors?
Construction bookkeeping requires job costing, WIP (Work-in-Progress) reports, retention tracking, and progress billing. Regular bookkeeping
often misses these. We specialize in accounting built for the job site, not the coffee shop.
FREE RESOURCES
At TM Group Accounting Hawaii LLC, we believe bookkeeping shouldn't be a mystery— especially in construction, where every dollar counts and every deadline matters.That’s why we’ve put together this collection of practical resources to help you stayinformed, organized, and financially strong.
Tips to the Construction Company Owner
Always Track Expenses by Job
Don’t lump all your spending together. Assign every cost—materials, labor, permits—to the right project. It keeps your job costing accurate and your bids smart.
Keep Subcontractor Paperwork Up to Date
W-9s and 1099s aren’t just paperwork—they’re legal must-haves. Keep them organized and on file to avoid IRS headaches.
Don’t Wait Until Tax Season to Fix Your Books
Regularly reconcile accounts and review reports. It’s easier and less stressful to stay current than scramble last minute.
Track Small Deductions
Expenses like tool purchases and uniforms add up.
Track them carefully to maximize your tax savings.
Quick Quiz: Are Your Books Job-Ready?
Take our 2-minute quiz to find out if your bookkeeping system is built for
construction.
Instructions: Answer Yes or No to the following questions. Be honest—this is just for you!
● 5–6 Yes: You're on solid ground — your books are job-ready!
● 3–4 Yes: Some good habits here, but there’s room to improve.
● 0–2 Yes: Your books might be holding your business back. Time to reinforce
your financial foundation.
Do you track expenses by individual job or project?
Can you tell how much profit you made on your last completed job?
Do you have a system to track subcontractor payments and W-9s/1099s?
Do you review your financial reports (P&L, balance sheet, job costs) quarterly?
Is your bookkeeping software customized for construction (not just generic)?
Do you know your current cash flow status and upcoming liabilities?