The Most Common Mistakes on Contractor P&L & How to Fix Them | CertainPath
Success Group International (SGI) is now CertainPath.
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After many years serving the independent contractor as Success Group International, we’re combining all that we do for home service business owners under the name CertainPath.

Now, we’re focused on “Success Made Certain” with a mission to Build Successful Home Service Businesses.

We’re more focused than ever on empowering the independent contractor to achieve their dreams with our mix of tools and systems that provide our Path to Success, our professional coaching to help you stay focused on the path, our Contractor Software that gives your company an easy-to-implement solution to run your business profitably, and our Contractor Community with the network and events that bring you together with over 1,000 other business owners.

Now is the time to explore how CertainPath can make a difference in your success. To talk to a CertainPath advisor, click here.

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The Most Common Mistakes on Contractor P&L & How to Fix Them

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The Successful Contractor Podcast – NEW EPISODE

The Most Common Mistakes on Your P&L & How to Fix it with SGI Accounting Coach Patty Myers!

Today’s show features Patty Myers, accounting coach for Success Group International (SGI).

Patty and Host Bob Houchin discuss the most common mistakes she finds in contractors’ profit and loss statements and how to fix it.  Throughout the course of this conversation, Patty answers such hard hitting questions, such as:

  • How departmentalization can identify certain divisions in your company are actually losing money, when you think they’re profiting?
  • What sabotages your Gross Margin?
  • How to identify and stop embezzlement?
  • How much owners’ compensation should really be?
  • Should you buy or lease your vehicles—based on the numbers? How much should you allocate for facility expense?
  • How should you properly post depreciation?
  • And should you really trust your bookkeeper? And more!

 

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