Accounting and Finance

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Understanding Gross Margin

Ignoring your financial statement is like ignoring the health of your business. Startups and new business owners often overlook understanding gross margin. This can have a direct impact on your ability to effectively manage a growing business, price your products, and most importantly, make a profit. Gross Margin Overview The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold. The higher the percentage, the [...]

Recurring Revenue Continuous Circle

Your Business Benefits In More Than One Way From Recurring Revenue

As everyone knows, repeat customers are fabulous in any business...especially the landscape business! They give us predictability and peace of mind by providing recurring revenue and a steady cash flow. In fact, this is why so many of you zero in on customers like builders, property managers and real estate professionals and why you offer services like maintenance and lawn care. As we go into 2016 and beyond, challenge yourself to really think about recurring revenue and its impact on your business. It helps [...]

Tip To Improve Cash Flow & Company Value

You already know that your company’s revenue and profits play a big role in the value of your landscape business but do you know the impact of cash flow and your landscape business valuation? Cash flow is different than profits in that it measures the cash coming in and out of your landscape business rather than an accounting interpretation of your profit and loss. For example, if you charge $10,000 upfront for a job or service that takes you three months [...]

Tip To Improve Cash Flow & Company Value

You already know that your company’s revenue and profits play a big role in the value of your landscape business but do you know the impact of cash flow and your landscape business valuation? Cash flow is different than profits in that it measures the cash coming in and out of your landscape business rather than an accounting interpretation of your profit and loss. For example, if you charge $10,000 upfront for a job or service that takes you three months [...]

Worker's Compensation - Ways to minimize unpleasant bills for landscapers

Worker’s Compensation Audits…Avoiding Unpleasant Surprises

This time of year I often get calls from my clients wondering why they are getting huge bills from their insurance carrier....turns out most times it is the result of the annual audit. There are a couple ways to prevent this. One is to use the "Pay as you Go" option that some carriers offer. You simply report the weekly or bi-weekly payroll to your Worker's Compenstion carrier at the time you issue the checks. The carrier charges you based on [...]