Residential Service Company Basics

Residential Service Company Basics

Why focusing on too much at once can bring business down.

Residential service can be a profitable addition to your business, but there are certain steps you must take if you plan to move your business in this direction effectively. The first thing you should do is separate your construction department from your service department — both financially and operationally. Let’s discuss the financial side first.

You must separate all of the general ledger accounts on your income statement. This allows you to properly track your sales and cos

Register to view the full article

Register on EC&M and gain access to premium content, including this article and much more.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish