I Explain the Top 20 Financial Terms Every Lawn Care Business Needs
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I Explain the Top 20 Financial Terms Every Lawn Care Business Needs
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Takeaways:
- I track all revenue to the penny by routing every payment into a dedicated revenue account.
- We increase net profit by raising revenue and by rigorously reducing unnecessary expenses and waste.
- I calculate cost of goods sold for each job so I set prices that cover materials and direct costs.
- We separate fixed overhead from variable job costs to clearly see true profitability and monthly cash needs.
- I use a CRM such as Jobber linked to my bank and QuickBooks to streamline invoicing, payments, and bookkeeping.
- We review monthly financial statements, including cash flow, profit and loss, and balance sheet, to guide operational decisions.
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