It’s time to start making good decisions on good data.
Running a services business—whether it’s plumbing, consulting, or HVAC—requires a ton of juggling! Accounting might not be (is almost certainly not) your favorite. But having good, clean accurate info is the key to increased profitability. Here’s why:
Good Data
- Keeps You Profitable: Without accurate data, it’s hard to know if your pricing is right for the profit you want. Without clear records, you’re likely shooting blind, hoping to make money.
- Helps You with Taxes: Staying on top of your numbers means tax season will be easy for both filing and planning. Getting the right plans to your tax planning will for sure, save you money. Poor bookkeeping leads to tax mistakes and even unnecessary penalties.
- Manages Cash Flow: Cash flow problems are super common in small businesses. Good, predictive cash flow forecasts help you plan for when you might (will) run low on cash.
- Saves Time: Clean financial data makes it easier to track expenses, income, and payments. No more last minute scrambling or trying to remember what happened weeks ago.
- Supports Growth: If you’re planning to grow, it’s an absolute must. The bigger the company, the bigger the mistake costs. Sort it now and fix issues before they get exponentially bigger.
Question’s Our Clients Used to Ask Themselves Before Getting Good Data (where the answer was obvious)
- Can I afford a new Truck for the Summer Season?
- Which jobs make money and which are not?
- What part of the business should I focus on to make more money?
- Are we going to be fined for anything AGAIN this year?
- Why can’t my accountant explain my books to me with me wanting to stick a fork in my eyes?
If you have felt blind or not in control of your finances, we’re here to change that!
Get in touch and we’d be happy to see how we can help.