I Explain the Top 20 Financial Terms Every Lawn Care Business Needs

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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