Bookkeeping and financials for a waterproofing company
A waterproofing company runs on deposits, draws and big invoices, so it is easy to feel rich in May and broke in January without knowing why. Most owners learn their real margin on exterior excavation at tax time. Monthly books split by service line, interior, exterior, crawl space, repair, with materials, labor and subcontracted excavation per job, tell you which work to chase and which to price up.
The mistake is one income line called "jobs" and a card statement as the expense ledger. You cannot tell whether a $7,500 encapsulation makes money after the liner, dehumidifier and two days of labor until the books say so.
At two weeks, working means the last two months reconciled, a profit and loss by service line, and a one-page summary you can read in five minutes.