Pool Service Business monthly financial report
A pool service company should read each month against the same month last year. July always beats June. The question is whether this July beat last July.
The six numbers for a pool service business
| Number | How to work it out | What it warns you about |
|---|---|---|
| Weeks of costs in the bank | Cash ÷ weekly costs | How long you could run if revenue stopped |
| Route revenue, share of total | Recurring service billing ÷ revenue | How much revenue repeats next month |
| Chemicals and parts, share of revenue | Chemicals and parts cost ÷ revenue | Supplier price rises eating your margin |
| This month against the same month last year | Revenue this month ÷ same month last year | The only fair comparison in a seasonal business |
| Days to collect | What customers owe ÷ monthly revenue × 30 | Repair invoices left unpaid |
| Gross margin | Gross profit ÷ revenue | Route pricing falling behind costs |
Use these six in place of the general ones on the template's Report tab.
What to watch in a pool service business
- Cash built in summer against the costs of the coming winter
- Chemical costs rising faster than route prices
- Repair invoices that sit unpaid
Not sure how much cash you should hold? Use the pool service business cash calculator.
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