Accounting is likely one of a roofing contractor’s least enjoyed and most ignored business management tasks.

Yet it is also one of the most crucial business functions that deserves more attention for its critical association with building good profits and sustainable business growth.

Growing a profitable roofing business without good accounting practices is much more challenging, if not impossible.

Learn why accurate accounting is essential for roofers and must be practiced regularly with an efficient system instead of being left as an annoying end-of-year catch-all task!

Why Is Accurate Accounting So Critical for Business Profits and Growth?

A huge mistake many roofers and other contractors make is not knowing their business numbers.

“Numbers” are everything from their cost to perform jobs to the amount of money each job brings in, plus all the associated costs of running the business, like marketing, payroll, supplies, business assets, and all other financial responsibilities.

Often, roofers who do not know their actual numbers end up pricing their work incorrectly, directly affecting their ability to collect profits and grow their services.

The pricing of roofing services should never be based on what another contractor is doing; instead, it should be based on the accounting numbers that reveal how much each job costs the business and what price would allow a profit margin.

Accurate accounting processes that enable roofers to calculate their numbers are essential for determining these critical figures.

How Can Roofers More Easily Take Control of Their Accounting?

Although it is recommended that every roofing contractor work with a licensed accountant to help them keep their finances in check throughout the year, they still have roles to play in managing the company finances to keep the accounting process productive and accurate.

While the average roofing contractor may have minimal formal accounting training, setting up financial processes with an accountant offers them unlimited value in tracking their numbers and keeping their companies on track financially.

With an outlined accounting process, roofers can learn all of the critical financial aspects of doing business, including their profits as well as losses and how to improve them, how to logically categorize their expenses, and what their balance sheet actually shows them.

Learn How Roofers Can Accept Accounting and Figure Out Their Numbers

In this 40-minute, information-packed Roofer Growth Hacks episode, Chris from RoofingSite.com speaks with Diane Gibson, CEO of Info Plus Accounting on the importance of good accounting practices and how every roofer can improve theirs and become profitable as a result!

Accounting Does Not Have To Be Hard When Addressed The Right Way

As tempting as it is for roofing contractors with no accounting experience to leave their books to the end of the year, showing up to their accountants with a pile of records is a poor method of managing business finances.

Good accounting is much more than a balance sheet.

If done well using a simple tracking system, roofers can better understand their business finances, price their work accurately, and actually become profitable enough to grow their companies.

Learn all this and more in this week’s Roofer Growth Hacks episode or visit RoofingSites.com for other valuable marketing and business management lessons specifically for roofers.

For more individualized assistance, schedule a free marketing call with Chris. Plus, don’t forget to click this link to receive a free copy of his book, “The Ultimate Guide to Digital Marketing for Roofers,” today!

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