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Maximizing Profits for Painters: Job Costing Method to Streamline Admin Work
Manage episode 412218831 series 3477538
Daniel Honan द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Daniel Honan या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Unlock the financial prowess of your painting business with expert insights from Daniel, the brains behind Bookkeeping for Painters, and Richard, your tax strategizing aficionado. Together, we dissect the critical concept of job costing and how it can catapult your gross profit margin to the coveted 50% mark. By dissecting direct costs and revenue streams project by project, you'll grasp how to fine-tune your expenditures, whether it's cutting back on ad spend or tightening overhead, to ensure your business doesn't just survive—it thrives.
As we journey through the number-crunching labyrinth, we shine a light on the power of QuickBooks Online and the perks it brings to the job costing table. Let's talk about syncing up time tracking, managing material purchases with ease, and the cherry on top—performance pay. Inspired by the legendary Charlie Munger, this strategy doesn't just motivate your team; it aligns their success with your bottom line.
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