Cleaning services know how to make a home or business shine, from standard Spring cleaning to a much-needed deep clean. But do you know for sure if your numbers are as clean as your clients’ spaces? When it comes to cleaning services, there are many things to keep track of within your business to ensure proper bookkeeping.
When breaking down a business, it's essential to know which costs will affect your business more than others. For example, with cleaning services, it's important to watch labor very closely. The time involved on the job is generally how you know what to charge a customer and determine your profitability. We at Waterford can set up your payroll to track what you spend on employee salaries as a percentage of the income you bring in every month to keep employment costs in line.
We know that supplies are another big part of your business and can assist you in monitoring purchases for chemicals, equipment, and other needs. Monitoring these purchases and their increases, especially in times with extreme demand, will help keep you profitable as well as competitively priced. The key here is developing a correlation between what you spend on these supplies to the income brought in since it is impossible to 100% job cost through the cost of goods sold due to varying levels of supplies needed or used on a job.
Tracking payroll costs and supplies is similar for all types of cleaning services, such as residential cleaning, commercial cleaning, exterior cleaning, and carpet cleaning, with slight adjustments for those specific needs of every kind of service. Please visit our designated pages below to learn more.
Detailed Accounting for Home Service Professionals
Waterford Business Solutions is fully equipped to address all of your bookkeeping needs and is available to provide both virtual and in-house bookkeeping services.
Waterford Business Solutions
55 Beattie Pl. Suite 1601 Greenville, SC 29601
Phone: 864 351-0852
Email: info@waterfordbusinesssolutions.com
