As was typical in Essex County in the early 19th century, a good deal of the trade of local merchants like Colman was in shoes. The accounts reflect the prices paid for shoemaking and work of various sorts, including agricultural labor (some of which was unspecified). Colman himself may have been a shoemaker, as his accounts included making and repairing shoes and boots for others. However, he may have just served as the middleman in those accounts, for after he left Newbury in 1815, shoemaking does not appear in any of his transactions.

The pages toward the front of the account book detail the work accounts of a number of men and women who worked for the Colmans between 1803 and 1815.

According to notes made on the last page of the book, William Colman married Zerviah in 1809. However, boarders, laborers and possibly relatives augmented his household. In 1810, his household consisted of twelve people and included five children, three male adults and four female adults. Zerviah died some time before 1816, the year when William remarried.

In the middle of the account book, there is a loose page mentioning Colman's move to Boscawen, New Hampshire in 1815. Thereafter, the accounts change character. The merchant-shoemaker transactions cease and are replaced by accounts more typically associated with a rural economy. Sales of agricultural produce and the exchange of such labor as sawing wood, fixing wagons, loaning oxen, painting, carting, and plowing dominate the second half of the account book. Sometime in 1820, William Colman probably died, since by early 1821 accounts were being settled by Hannah Colman, William's second wife.