One of the biggest concerns in running any company is making sure you have the right tools to get the job done. In a window cleaning company, these tools tend to be fairly cheap. Even with low start-up costs though, you are going to need an accurate way to track your business expenses. The guide below explains the right way to pay for window cleaning company supplies so you can monitor the cost of your business.
There are pros and cons to each type of payment option you can use for your window cleaning supplies. To sum them up…
In the end, we always recommend paying for window cleaning company supplies with checks because they offer instant bookkeeping. Maintain a checking account specifically for your business so you can separate your personal checks and business checks. Keep the carbon receipts for every check you write out, and then you will have a quick book to look through when tax time comes.
If your window cleaning business gets to be large enough that you need supplies on a regular basis, you may ask your supplier if you can run a tab for the month. This is just like a tab at a bar. It’s an allowance the business gives you for supplies with the expectation for you to pay the tab back at the end of the month. Doing this can get you into trouble because it may get you into a habit of being in debt. If you keep up with your payments though, you should be in good shape.
A lot of the products that you can use for your window cleaning business can be found at regular retail stores, like Walmart or Target. If you see a sale going on for something you use on a regular basis, don’t hesitate to jump on it. For instance, if you see that a certain dish washing liquid is 50% off, buy up a large set of it to store at home. It will take a very long time for these products to go bad, so you might as well save when you can.
Maintain a record of every supply you purchase for your window cleaning company, and your accounting will be much easier in the end.