Plumbing businesses deal with unique financial challenges. You are managing a fleet of trucks, handling late-night emergency calls, and purchasing expensive fixtures that might sit in your shop for weeks before being installed.
Tracking High-Ticket Fixtures
If you buy a $2,500 tankless water heater for the Johnson job, it should not just disappear into a generic "Materials" account in QuickBooks. It needs to be tied directly to the Johnson invoice. We ensure that your cost of goods sold accurately reflects the materials used on every single call, so you know your exact markup on parts.
Fleet and Tool Depreciation
Your vans and your specialized tools (like hydro-jetters and sewer cameras) are significant investments. We help you track:
- Fleet Expenses: Gas, maintenance, and insurance separated from field labor so you know what it actually costs to roll a truck.
- Asset Depreciation: Keeping track of heavy equipment depreciation so your CPA can maximize your tax deductions at year-end.