Frequently Asked Questions
Pest Control Business Owner Accounting Questions & Answers
Pest Control Business Accounting Tips:
PCO Bookkeepers answered many of our most common accounting and bookkeeping questions from PCO’s throughout the USA
How can an accounting firm help me grow my pest control business?
We are much more than just an accounting firm, we serve as business coaches. We provide clean accurate reports on a monthly basis. This helps owners see how well they stack up to others in the pest control industry. Since we are watching your books so carefully, we offer guidance for improving the health of the company.
How to void a check in Bill.com?
What is the rule of 23?
Do I need to pay sales tax in Michigan?
How do I decide whether to capitalize and depreciate an asset?
Sometimes it’s a judgment call but, depending on the size of the lawn care/pest control company, it’s a good idea to set a threshold.
What are the advantages to using Bill.com?
Bill.com helps keep track of bills paid and owed by the vendor and is very user-friendly. Every time you record a bill or payment, it automatically syncs into Quickbooks. It also helps to eliminate the use of paper checks and creates a more organized payment process.
What is the difference between cash and accrual accounting?
How long after I close the month can I expect my month-end reports?
How do I keep track of monthly transactions in Quickbooks?
What does closing of routing software mean?
The closing of routing software is asking to confirm if you are done entering all the invoices for the month in any service software you use such as Pestpac or
What is the ideal gross profit margin for my pest control business?
What is the benefit of providing my employees with health and retirement benefits?
With the proper plan in place, the benefits provided to the employee are tax-free while the company still gets the benefit of the deduction for their cost. Also, Providing benefits to employees is advantageous because it helps them see more value for working at a particular employer.
Pest Control Business Accounting, Bookkeeping & CFO Resources
More Resources & Articles For Pest Control Business Owners
The real issue is when an owner has built the company up and then hires a bookkeeper who may know how to use QuickBooks but doesn’t understand all of the reporting. So the owner thinks because QuickBooks is spitting out checks that everything is working, but their financial statements and their profit and loss is just a mess and they can’t really figure out how they’re doing. We see a lot of that. And then what’ll happen is they’ll take it to their CPA at the end of the year and he’ll have to make heads or tails of it. And usually that guy’s or gal’s view of accounting is to get a tax return done. A tax return is a small part of accounting.
Most pest management firms are already using QuickBooks as their accounting software system of choice, but not all of them are using it optimally, according to PCO Bookkeepers partner Anthony Pepe. I talked with Anthony to get his take on what mistakes pest management professionals are making when it comes to QuickBooks, and how they can use it better. Here, he offers three tips for pest control operators to improve their use of this powerful recording and reporting tool.
Why would you get a tax deduction for a certain type of income? Learn about the Tax Reform’s gift to the small Business Person – Section 199A
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How to maximize your pest company value: Three buyer-side experts share their views on the factors that affect pest industry valuations.
Learn about the two most important variables to help you scale your service business, branding, and recurring revenue
Tim Mulrooney: Learn more about the A Wall Street analysts take on the pest industry. The future looks bright for PCO’s!
Embracing Change: Hire and retain employees by focusing on your company’s culture to increase the success rate of landing the best employees.
Anthony Pepe discusses his experience at the Harvard Business School and how an effective Business Strategy needs to be implemented!