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đźš§ Contractors: If your bookkeeping is a mess, your profits are too.
đźš§ Contractors: If your bookkeeping is a mess, your profits are too.
You can build anything…but if your numbers aren’t tracked, your business will bleed money and you won’t even know where it’s going.
Contractor finances get messy FAST:
✔️ deposits + progress payments✔️ change orders + retainage✔️ material runs + fuel✔️ subs + payroll✔️ tools + equipment purchases
And here’s the part most guys miss:
Bookkeeping isn’t “paperwork”… it’s protection.It helps you stay profitable, lower your tax bill, and stay out of trouble if the IRS ever comes knocking.
If money moves, record 4 things:✔️ what it was for✔️ how much✔️ the date✔️ who paid / who got paid
3 categories every contractor should track:✔️ Income (job payments, deposits, change orders)✔️ Expenses (receipts, invoices, cards/bank statements)✔️ Assets (equipment/vehicles/tools that last 1+ year)
⚠️ Meals + travel are audit-magnets.If you want the deduction, document the business purpose and who you met with.
Simple weekly system:✔️ separate business bank + card✔️ track every job payment✔️ categorize every expense✔️ save receipts (photos count)✔️ review weekly so nothing piles up
Clean books aren’t complicated… they’re consistent.
Book a time to learn more: https://accountingsolutionsllp.com/appointment/