Advanced Search

The Green Industry's Resource Center

Thread Tools   Display Modes
Old 09-15-2012, 08:27 PM
94gt331's Avatar
94gt331 94gt331 is offline
LawnSite Bronze Member
Join Date: Jul 2011
Posts: 1,670
That would be nice if you could talk the landlord into letting you have your own pumps at your shop. You seem like you really could use them with your fleet. I only have 5 trucks and I'm getting a diesal and gas pump at my shop in the near future and I think it's going to save me so much time and hasle etc.
Reply With Quote
Old 09-15-2012, 09:46 PM
GreenI.A.'s Avatar
GreenI.A. GreenI.A. is offline
LawnSite Silver Member
Join Date: Jul 2010
Location: North East
Posts: 2,132
Originally Posted by seabee24 View Post
well you should have a price per gal when you buy the gas. That should come off your receipts when you purchase it, but otherwise all you can really track is the gals used. after all how if you had 100 gal tank, filled 50% with 3.50 per, and the other half with $4.00 how do you say which gas cost went into the mower - you cant

you just track the gals used.
When we looked into putting tanks in I asked my accountant this. He said to use the First In First Out inventory method. Which is the standard method for most inventory and supply tracking. Even though the different cost fuel mixes together, you account for using the oldest first. For example, you get 100 gal @ $3.00 per gal then 100 gal @ 4.00 then a delivery of 100 gal @ 3.50 per gal. Over the course of the month say you use only 250 gal of the 300 delivered, you would account for it as 100@$3, 100@4, and 50@3.50= $875. The remaining 50 gallons would be accounted as the first fuel used for the next month.

To make it even easier, most bulk fuel distributors will track all of it for you. When I looked into it, the distributor did everything. The got the permits for fuel storage, they installed the tanks, they owned the tanks, pump and meter, and they owned the fuel. They would come out monthly, or more often if needed and charge me for the fuel we pumped from their tanks and not charge for the amount they delivered that month. The only reason we didn't end up doing the tanks is because we couldn't get permits because of being surrounded by conservation land.
Why do people not respect us as they do other tradesmen? Because every Tom, Dick, and Harry doesn't think he can be a plumber or electrician!
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Grand View Media
All times are GMT -4. The time now is 10:17 AM.

Page generated in 0.06340 seconds with 10 queries