![]() ![]() So let's say 1 entry for labor, 1 for supplies, 1 for deductions, 1 for number, and 1 for PO. From January 2017 to September 2022, there are 9,562 entries.įor me an entry is the individual part of an invoice. Some jobsites are serviced once the whole year, some span across years. Each generates about 3-5 individual entries. I do think if you're going to continue using spreadsheets that you need checks in place so that you see errors early - because errors do happen.īetween 100 to 200, average 150. It's super fun and also helpful as it can point out times when the investment you're about to make is going to take longer than you thought to pay for itself. I created a modeling spreadsheet that uses my actuals as input (direct link to my revenue and expense data so no opportunity for "finger errors") and has a few variables that I can adjust so I can get an idea of what my profits or losses will look like as I grow and expand. One big upside of spreadsheets is the ability to do business modeling. I don't know enough about QB or accounting to know if that's true, but it's my suspicion. Maybe that's my lack of ability with QB, but part of me thinks that accounting software is built to show numbers in a way that makes sense to accountants, but that may not be the best way to show numbers if your goal is easily viewing performance metrics. I'm 12 years in on a service business and went from Excel to Sheets.įor me it wasn't the cost so much as I wasn't able to setup QB to display my business performance in a way that I wanted it to. Location Specific Small Business Subreddit
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