Bookkeeping Basics for Service Business Owners
If you run a service business, most bookkeeping advice was not written for you. It was written for retail and software companies and then loosely applied to everyone else. This is the version for operators with trucks, crews, and recurring work. What bookkeeping actually is Bookkeeping is the recording. Accounting is the interpretation. Your bookkeeper […]
How to Calculate Gross Profit Margin (With Example)
How to Calculate Gross Profit Margin (With Example) If you run a pest control company, gross profit margin is the number that tells you whether the work itself makes money, before overhead and before taxes. Here is the formula, a worked example with real dollars, and the range operators actually run. What is gross profit […]