To ensure your operations are organized and efficient, you should develop the following documents:
A contract or agreement describing each project's scope of work, timeline, and payment terms. This document protects the contractor and the client and ensures that both parties understand the expectations and obligations.
A proposal outlining the project's details, including the estimated cost, materials, and labor required.
Invoices and receipts for all transactions and maintaining accurate expenses, income, and taxes records. These documents help contractors manage their finances and comply with legal and regulatory requirements.