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% of money go where

Discussion in 'Business Operations' started by thenewguy, Jun 15, 2002.

  1. thenewguy

    thenewguy LawnSite Member
    Posts: 6

    Hello, can any one break down there profits into wich go where for ex _% go to each wroker (how many) _% go to new mowers and weed wackers _ % go to a new truk _% go to manace (gas, string, blades, oil, tie downs bolts little things) -% for the shop _% for insurance, _% me(owner) I know it changes from year to year but can you gess. the reason i asked for % is becuse what amount money you make is you busness and none of ours. Thank i shore this will help many people including me.
  2. parkwest

    parkwest LawnSite Senior Member
    Posts: 678

    0 percent of profits go for overhead and expenses.

    Suggest you get a book such as "Basic accounting for contractors"
  3. karl klein

    karl klein LawnSite Member
    Posts: 78

    looks like you need 100% to go for english classes
  4. for me
    Expenses average 20% of sales over the years
    I'm sure everybody is different and having employees will change that
  5. 65hoss

    65hoss LawnSite Fanatic
    Posts: 6,360

    % of money go where?
    Goes out the door constantly. haha.

    Here is my suggestion, first find a good accountant to help you. They can set up your computer program or even manage your books if you want them too.

    Next, go to the bookstore and find a book on small business that has the basics of accounting in it. You don't need a boring accounting book that you will get confused over. A small business book with an accounting overview will help you understand the basics enough so that you and the accountant can understand each other.

    I have a degree in accounting and I don't even do my own tax work. To complicated and to much stuff changes each year. Never cheat yourself out of a good accountant or lawyer. Both will pay dividends over the long run.

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