Episode 220

4/3/25

Topic: Why Accurate Reports + Actionable Data = Success

Guests: Dan Gordon & Donnie Shelton 

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In this episode we discuss:

• Our sponsors Coalmarch by Workwave, PestSure & Voice for Pest

• PMP Industry Insiders Peer Groups

• How bad data can lead to bad decisions

• Rear-view data vs. real-time information vs. forecasting

• What data Donnie reviews at Triangle Home Services

• What Dan recommends you do to ensure accurate financials

• Dan's take on why Triangle has a great gross margin

• Cash- vs. accrual-based accounting and the "matching principal"

• How to handle sales tax if needed

• Accounting for Accounts Payable

• Why Dan recommends using a payroll company

• The importance of journalizing payroll

• Reviewing credit card transactions every day to prevent fraud

  
  

Resources mentioned:

• PCOB Video: Cash vs. Accrual Accounting in Pest Control

• Accounts Payable tool: BILL

• Receipt-tracking tool: Dext

Notable: "If you try to use a P&L that's incomplete, you can make some bad decisions." —Dan Gordon

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