How to Organize your Pet Grooming Business Expenses

How to Organize your Pet Grooming Business Expenses

  • Are you unaware how much you’re spending on grooming equipment every month or year?
  • Are you unsure about your current tax liabilities?
  • Do you stay awake at night wondering if you’re making the best financial decisions for your grooming business?

If you answered YES to any of these questions, it may be time for you to invest in a pet grooming software platform that will help you stay organized and finally give you peace of mind.

In our previous post we discussed the top five benefits of using a software program and how Groomsoft can help your business flourish. One of the most important benefits of using software as a business owner is helping you stay organized.

Staying Organized with Groomsoft

Organization is the key to a worry-free business environment.

Staying organized helps you:

  • Understand how much profit you’re earning.
  • Know how much money is being spent on inventory.
  • Budget future income.
  • Prepare for the annual tax season.

The tax season is upon us and let’s face it, legitimate business owners have to file taxes. There’s no way around it. If you’re like the millions of entrepreneurs doing business in the United States or Canada, you’re not exempt from the stress the tax season brings. The good news is, one of the best way to help reduce some of that stress is by keeping your business organized.

Prior to filing your taxes, you will need to account for all of your itemized expenses. Having your expenses organized will not only make filing your taxes easier, but it will help you make educated business decisions every month, because you’ll know exactly what you can and can’t afford.

Groomsoft organizes all of your expenses in an easy to read report that is readily available and easy to print. Groomsoft also helps you manage your vendor expenses in organized categories so that you can track how and where your money is being spent. Having this information on hand can help you eliminate wasteful spending, negotiate better deals and bigger discounts when ordering supplies, as well as the ability to budget for future months and be strategic when ordering the supplies you use most in larger quantities. To learn more about how Groomsoft handles pet grooming expense tracking, watch this video https://youtu.be/3xlqZEhaplc.

Track mileage

As a mobile pet groomer, you can set Groomsoft up to automatically track your mileage. Then you can print a simple report for tax time showing your mileage along with detailed records. Groomsoft also tracks your vehicle related expenses. This knowledge helps you identify vehicles that are costing too much to keep going and helps you decide when it might be time for a new vehicle. To learn more about how Groomsoft handles automatically tracking your pet grooming vehicle mileage, watch this video https://youtu.be/77EpSIopQIA.

Groomsoft keeps your business organized, so that you can sleep easy at night.