What Bank Accounts Do You Need For Your Landscaping Business

by | Apr 4, 2023 | Cash Management, Landscaping, Profit First | 0 comments

Managing your finances as a lawn care business owner can be a daunting task. To ensure you stay on top of your finances, implementing the Profit First system in your lawn care bookkeeping process can be a game-changer.

At the beginning of your Profit First journey, you will want to have a clear view of where your money is going. This is where the expertise of a Profit First Professional can come in handy. They can guide you through the steps to implement Profit First for landscapers and help you create the necessary accounts.

For lawn care bookkeeping, you’ll need at least 5 crucial checking accounts to get started. These include Income, Profit, Operating Expenses, Owner’s Pay, and Owner’s Tax. These accounts will serve as the foundation for your cash management system and provide you with a clear view of your finances.

As a landscaping business owner, you may also need to consider other accounts due to the nature of your work and goals. For instance, you may need a separate account for materials and subcontractors, as mentioned earlier.

Suppose you’re unsure of the number of accounts you need or need help discerning what your smartest financial decisions may be. In that case, a certified Profit First professional can provide valuable guidance. They’ll work with you to create a customized Profit First system that meets the specific needs of your landscaping business.

Creating multiple bank accounts is key to successful cash management in your lawn care bookkeeping. This way, you’ll have a clear view of where your money is going and can make informed financial decisions. Managing your finances as a landscaping business owner can be overwhelming, but implementing Profit First and creating multiple bank accounts can make it more manageable. Our Profit First professionals at AccountSolve can help you through the bookkeeping process, as well as the implementation of Profit First. Contact us today to schedule a free consultation.



Lori Peterson


Lori Petersen

Lori Petersen has seen the frustration and loss that business owners experience when they don’t have command of their finances. Growing up, she watched her father work incredibly hard as a contractor. He’d come home late, eat the dinner kept warm in the oven, and do it all over again the next day. But it all came crashing down when he had to close the business and Lori’s family applied for food stamps. The business had failed and all of his hard work was for nothing. 

Today, Lori views every one of her clients as an opportunity to make this right. She firmly believes no one should work as hard as her dad did and not have a profitable business. No family should suffer because business finances were poorly managed. 

Lori has helped hundreds of business owners make sense of their finances, implement proven money management systems and create unimagined profitability for their business. She ensures they experience the return they deserve for their hard labor.


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