Accounting in the construction industry isn't the same as selling cups of coffee! This week Derrick Mains is joined by Ashley Ingle to talk about why construction accounting is so different, the value of your cash reserves, the importance of lines of credit, working with vendors, and what to expect in 2023. Find out more about Ashley Ingle and Profit matters at www.profitmatters.co or email ashley at ashley@profitmatters.co 00:00 - Cold Open 00:40 - Intro 01:00 - Ashley's background 01:56 - Construction accounting 03:10 - Why is Construction different than other businesses 05:00 - Cash reserves 06:45 - Lines of credit 09:25 - working with vendors 12:25 - Keeping good books 15:00 - Mistakes contractors make 16:58 - the value of specalizing 19:30 - Advice for 2023 21:48 - how to find out more about profit matters 22:08 - Final thoughts 26:16 - Next Episode teaser #contractor #trades #roofing #accounting #revenue #cash #bookkeeping #credit #profits #overheads #business