Profit & Loss Estimates

Discussion in 'Business Operations' started by Steve, Jun 3, 2018.

  1. Steve

    Steve LawnSite Bronze Member
    Male, from NE FL
    Messages: 1,406

    Inputting expenses on Yardbook there is a note that says, "Estimation only. Actual profit and loss may vary due to sales tax figures."

    Tax figures, does it refer to sales tax when you purchase something, meaning I go to buy blades and the subtotal is $x.xx and tax is $y.yy and I need to log each figure?
     
  2. BigJlittleC

    BigJlittleC LawnSite Silver Member
    from Chicago
    Messages: 2,876

    You need to read the next line below that.

    If you need to generate a profit and loss standard report, we recommend a full accounting software such as Quickbooks.

    Yardbook isn't accounting software it has a few features but will not go passed very simple accounting task.
     
    Burnie likes this.
  3. BMWNJ

    BMWNJ LawnSite Member
    Messages: 35

    Quickbooks has a 50% off for 3 month offer right now. I just signed up for their lowest tier offering. $10/mo for the next 3 months then $20/mo after that.

    I was messing around with WAVE and didn't like it. I've used QB in the past for a different business so there's some familiarity with it.
     
    Steve likes this.
  4. jonthepain

    jonthepain LawnSite Senior Member
    Male, from Raleigh
    Messages: 689

    We use qb desktop pro. Onetime fee beats ongoing monthly payments imo.
     
    Burnie likes this.
  5. Griffinlawn

    Griffinlawn LawnSite Member
    Messages: 31

    Does it come with payrol options
     
  6. TPendagast

    TPendagast LawnSite Fanatic
    Male
    Messages: 12,757

    When you’re filling something like that the first time you need to take some educated guesses in the beginning.

    Over time , you’ll know the real answers and can adjust with experience and collected data.
     
    Steve likes this.
  7. jonthepain

    jonthepain LawnSite Senior Member
    Male, from Raleigh
    Messages: 689

    Yes it does.
     

Share This Page