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5 Must-Do Accounting Processes for Moving Companies
5 Must-Do Accounting Processes for Moving Companies
ratings:
Length:
46 minutes
Released:
Nov 30, 2021
Format:
Podcast episode
Description
In this episode of The Moving Mastery Podcast, Louis Massaro shares how to systematize your moving company’s accounting. You’ll learn: Why you must perform a daily closeout What you can do to optimize your accounts payable How to automate your income and expenses For the first seven years that Louis was in business, he ran his moving company essentially blind because he didn’t really know his numbers. Things like a Profit and Loss Statement, Balance Sheet, Marketing ROI, Cash Flow Statement, etc, were all foreign to him. It wasn’t until the recession hit in 2008 and money got tight, that Louis realized he didn’t really know where any of the money was. Talk about a scary feeling! After sitting down with his accountant and actually learning how to run his business from the numbers, Louis finally found the clarity he needed, and fortunately, he was able to make it through the recession. A lot of companies didn’t make it. In this ninth episode of the Moving CEO Scaling Series, Louis shares his top 5 accounting processes that will help give you the clarity and sense of control that you need over your business in order to grow and make big decisions. He shows you how to automate your accounting so that you can rely on it actually getting done because let’s face it, you’ll probably never go into your office someday and say, “Man, I’d really like to work on accounting today!” Doing your numbers is boring. It’s not fun. But, it’s one of the most important fundamentals of your company and you need to have every number dialed in if you want to scale your business quickly and confidently. If you have achieved some success in your moving company up to this point without knowing your numbers, it will be like adding a turbo-charger to your company when you get these accounting processes implemented. Give yourself the clarity and peace of mind of truly knowing how your company is doing by learning these 5 Must-Do Accounting Processes for Moving Companies now! Go download all the previous Scaling Series episodes as well! Subscribe to Louis’s YouTube channel for more tips on growing your moving company. Get free on-demand video training on how to book more moves and learn The 6 Stages of a Moving Company Sales Machine. Go to www.LouisMassaro.com/6stages Follow Louis on Instagram for daily tips and motivation. www.Instagram.com/LouisMassaro ABOUT Louis Massaro is the world’s leading moving business trainer and success coach. He’s the founder and CEO of Moving Mastery, a training, coaching, and education company dedicated to helping moving company owners, managers and employees reach higher levels of success in their business. Through his coaching programs, online training and live seminars he’s helped hundreds of people unlock their full potential by giving them the strategies and systems to take their moving business to the next level. Louis opened his first moving company at 19 years old with two rental trucks and after overcoming many challenges and struggles, he went on to build a $20 million a year business. His company, Neighbors Moving & Storage had locations nationwide performing local moves, long-distance moves as well as storage. After 16 years of success in the moving business, Louis sold his companies and is dedicated to helping others “Profit in Their Business and Thrive in Their Life”.
Released:
Nov 30, 2021
Format:
Podcast episode
Titles in the series (77)
What’s Missing from Your Mover Training?: In this episode of The Moving Mastery Podcast, Louis Massaro shares what areas you must train your movers on besides simply how to “move”. You’ll learn: Why knowing how to pad a chair or load a truck is only part of your mover’s... by The Moving Mastery Podcast with Louis Massaro