If you’re reading this, you’re likely in one of three situations: you’ve always done your own bookkeeping, you have a bookkeeper already, or your finances are in desperate need of attention.
It’s important to know not only why bookkeeping matters for your landscaping business, but how to implement basic landscaping bookkeeping practices.
A good starting point to get your bookkeeping headed in the right direction is to track and categorize the money you spend.
For a landscaping business, these categories could include:
- Transportation costs
- Bank fees
- Subscriptions
- Insurance
- Payroll
- Material costs
- Supplies and equipment
You have a lot of different areas of spending and significant amounts of money going to each of them. Vehicle maintenance, landscaping supplies, and payroll are all very different kinds of significant costs, so they shouldn’t be lumped together.
Tracking your spending will be made easier if you use bookkeeping software such as QuickBooks, and if you quickly get into the habit of reconciling your accounts monthly.
We tend to think that bookkeeping for landscapers is always a restrictive practice – we look at what we’ve spent and then work to spend less. While that is an important practice as you spend money in your business, it’s not the only mindset to approach your spending with. Cutting spending in one area often means increasing spending in another, and you have the freedom as the owner of your business to make those decisions. Increasing spending in some areas can actually be highly beneficial, just like trimming your spending can be.
Creating an effective bookkeeping system for your landscaping business doesn’t have to be overwhelming – and it will give you more freedom, in the long run, to save and spend money with confidence. We’d love to walk alongside you and help you get your bookkeeping in order.
Schedule a call with AccountSolve today and we’ll get to work!
