Are your estimates too low? Customers understand that an estimate is an estimate and the actual cost might be higher. But if you’re estimating too low on a regular basis you should really find out why. Let’s take a good look at what’s going on. Run a report of “estimate vs actual” for individual jobs; …
Sometimes it’s obvious whether something is an asset or an expense. A car is an asset; paper clips are an expense. But what about those lower priced but important items? How about a laptop? That new drill? An asset is an item used in the operation of the business for at least a year or …
Expense receipts don’t seem that important. At least not until the pile leans so far over that it needs a windbreak. And no, a shoebox is not a good idea. That pile of receipts just gets bigger and less appealing. The bigger it gets the less you want to deal with it. And just to …