Professional Services Accounting
Home Services struggle with unique industry difficulties. Accounts receivable/collections is often an issue for cashflow, especially when trying to scale your business, and decisions like whether or not to take financing against your AR or let a balance roll on a credit card can be daunting. Customer acquisition costs, if not managed correctly in these highly competitive spaces, can destroy your bottom line. Accounts Payable as you grow can be difficult to keep up with. And when you have that great year, the tax bill can undue it, especially as an accrual-based company reporting income often not yet received.
But our experts can help.
As experts of home services industries, partners Ken and Christopher have worked with countless home services companies including some of our local largest. Partner Christopher Olson, EA, is also an owner in one of our largest, most successful local service companies: Surfside Services.