How Does Budgeting Software Help Your Business?
An accurate and detailed budget is one of the biggest indicators of a business’ success.
Have confidence that your business will be profitable at the end of the year.
Know ahead of time what would likely happen for different scenarios, rather than finding out after the fact through trial and error. Budgeting creates different realities that you can proactively plan for.
Pay yourself a fair market wage, without pulling from your profits.
Account for your own time accurately and ensure it’s paid for through your pricing. Your company’s profit is more accurate when applying overhead and recovering through job estimates.
Know how much to pay your crews to be competitive while maximizing profits.
Use industry benchmarks and test labor budgets to see how much you should be paying your crew while still hitting your profit goals.
Buy equipment with confidence that it will provide a positive return.
Adjust budgets ahead of time to figure out what mix of equipment and labor works best for you, and then work in your equipment cost (and replacement cost) so a breakdown is no sweat.
Automatically apply the best markup to cover your unique costs.
Budgeting software automatically includes all overhead into your estimates and gives you confidence that every job moves you closer to your profitability goals.
Build revenue/profitability milestones to know you’re on track for the year.
Eliminate surprises at the end of the year with easy check-ins to see if you are on track, or need to pivot and adjust to hit your goals. Compare yourself to similar companies your size to see how you stack up.
“Once we knew our budget was in our pricing structure was in, everything was it, that it was going to generate the right numbers and from that point forward it built so much trust that we were bidding things consistently from project to project…we’ve never looked back since than”
Sherry Watts
Impullitti Landscaping
