Everything hinges on the numbers! Success in the roofing industry comes down essentially to knowing your numbers and what to charge for your work. Join us in today’s show for a closer look at understanding your finances. 

 

Gina Malvestuto is the owner of Green Tree Bookkeeping, a Chicago-area company that fits the bill perfectly if you need to outsource your bookkeeping processes. For over 20 years, Gina has worked with many contractors to help them know their numbers and run more profitable businesses. Gina and her small staff of “Green Tree Girls” provide skilled organization and bookkeeping services so contractors can focus on the work they do best. 

 

What you’ll hear in this episode:

• Why contractors use the excuse of not knowing their numbers to not be accountable
• Why job costing is very important for every contractor
• What the difference is between bookkeeping and accounting
• What it means to “reconcile” your accounts
• Components of the all-important chart of accounts
• Why Gina sees most contractors get it wrong when it comes to their chart of accounts and job costing
• How incorrect job costing can cost you BIG in time and labor 
• How many contractors are doing it wrong and putting themselves in a financial hole
• Why Gina recommends that larger companies have an inside person to do data entry to keep the books organized and put things in the right place
• How a contractor gets started with Gina if they want to outsource their bookkeeping
• Precautions that should be in place to prevent bad/dishonest bookkeepers and employees

 

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Connect with Gina

Connect with Gina and Green Tree Bookkeeping: Website

Check out Gina’s informative videos on YouTube!