If you’re a contractor in Connecticut, you know how quickly projects, invoices, and expenses can pile up. Between managing crews, meeting deadlines, and keeping clients happy, bookkeeping can easily fall through the cracks. But staying on top of your books is critical for long-term success.

Here are five smart bookkeeping tips to help Connecticut contractors keep their finances in check—and their businesses growing.

1. Separate Business and Personal Finances

One of the most common mistakes contractors make is mixing business and personal accounts. It might seem easier at first, but come tax time, it becomes a nightmare.

✅ Tip: Open a dedicated business checking account and use a separate credit card for business expenses.

2. Track Every Expense (Yes, Every One)

Fuel, tools, materials, subcontractor payments—it adds up fast. Keeping detailed records helps you stay within budget and claim all possible deductions.

✅ Tip: Use apps like QuickBooks Online to snap receipts and categorize expenses on the go.

3. Keep Job Costs Organized

Every project should have its own set of financials. Tracking income and expenses by job helps you understand which projects are profitable—and which aren’t.

✅ Tip: Use class or project tracking in QuickBooks Online to monitor profitability by job.

4. Don’t Fall Behind on Invoicing

Cash flow is everything. Delayed invoicing leads to delayed payments—and that can ripple through your entire operation.

✅ Tip: Set aside time weekly to send invoices and follow up on outstanding payments. Automate reminders when possible.

5. Get Professional Support When You Need It

You’re a contractor, not a bookkeeper—and that’s okay. Trying to do it all can lead to costly errors and missed opportunities.

✅ Tip: Hire a bookkeeper who understands your industry, especially one experienced in working with Connecticut contractors.

Ready to Take Control of Your Books?

At Family Balanced Bookkeeping, we specialize in helping Connecticut contractors streamline their finances, stay compliant, and focus on growing their businesses—not managing their books.

📞 Let’s talk about how we can support your business.

https://calendly.com/familybalancedbookkeeping/new-client-consultation