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12-09-2003, 11:58 PM
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Ranger
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Percent of Gross
Now that the season is pretty much over for those of us in the colder climates we have a good idea of how the season went. I know many of you out are running your business on Quickbooks.
We can create an income statement that lists what percent of income every expense was; such as gas, employees, trucks, etc. Would anyone like to compare the percent of income some expenses were or is this too private to be discussed on the web. I know no one wants to touch dollar amounts with complete strangers.
I realize that this information cannot be equal for everyone, it depends on whether your business is more labor or product oriented. However, it is a starting point.
If there are any takers please let me know.
__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
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12-10-2003, 12:09 AM
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Ranger
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Location: Chicago
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Ok we haven't closed our books yet, but I'll run the report later tomorrow. One question I should ask if your looking for profit % that should be after all expenses, even after salaries of owner or officers. Our company moved over to a labor base a few years ago (call it good fortune) after seeing the public works area starting to dry up. A quick look showed we where running about 5% profit (third quarter results).
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12-10-2003, 01:15 AM
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I do not have a profit percent. The report I was referring to lists what percent of gross every expense was. For example, if I made 100K and spent 30K on employees this expense would be listed as 30%. If my cost of goods sold was 40K this expense would be listed as 40%. I'm always curious what companies spend on these categories and where I stand.
For the sake of simplicity let's categorize compaies based on sales as:
under 250
250-500
500 - 1 mil,
over 1 mi
I fit in the first category. I suspect you are over the last.
I'm not trying to start a bragging rights competition on company size or profitablility. I would love to see where different operations are with these numbers so we have something to compare ours with.
__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
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12-10-2003, 04:46 PM
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Gold Oak Member
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Join Date: Mar 2003
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Here goes. Keep in mind this was by far my best year yet. Time will tell if it can be repeated. Oh, by the way it's an Excel spreadsheet. My category is 1 million plus.
Last edited by site : 12-10-2003 at 04:50 PM.
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12-11-2003, 09:00 AM
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Ranger
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Site,
Thank you for sharing that with us. It is very nice to have something to compare my percents with, though we are different size companies.
I'll attach my percntages and would love to see what other guys have. I fall into the less than 250 bracket.
__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
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12-11-2003, 10:21 AM
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Administrator
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Mine's in QB format; when I get a chance I'll enter the data onto something I can post here and put it up.
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12-11-2003, 11:34 AM
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Gold Oak Member
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When you pull up your P+L on quickbooks it has a little box for sending the info to excel. Just send it there, then hide the $ column and protect.
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Facts just twist the truth around
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12-11-2003, 11:37 AM
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Ranger
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Jeff,
That's what I did last night. I cannot begin to tell everyone how helpful this information can be. I often read the trade magazines looking for 'industry averages'. We can now share our info straight from the horses mouth. 
The information will only get better if MORE CONTRIBUTE! 
__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
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12-11-2003, 11:57 AM
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Administrator
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Join Date: Jan 2003
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JW, you're starting to sound like a telemarketer. 
j/k
Last edited by Stonehenge : 12-11-2003 at 12:36 PM.
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12-11-2003, 08:49 PM
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Well, I'll try to attach mine. Keep in mind I'm primarily maintenance so my percentages might not look like other guy's. The figures are for last year since I don't have totals yet for '03.
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12-11-2003, 08:52 PM
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Ranger
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__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
Last edited by jwholden : 12-11-2003 at 08:56 PM.
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12-11-2003, 10:07 PM
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Administrator
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Wha?
Moi?
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12-11-2003, 10:08 PM
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Ranger
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Join Date: Jun 2003
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__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
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12-15-2003, 12:07 AM
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Ranger
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Join Date: Jun 2003
Location: Southwest ct
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Moving this thread to the top of the page.
__________________
As a father I was always aware that I was raising my sons to leave home, marry, establish families, and be men who could stand on their own two feet. We must fulfill our own destiny. I really wasn't concerned about what they might 'do' but I wanted them to 'be' good men.
- David Epps
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12-15-2003, 12:16 AM
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5 Gallon Tree
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Join Date: Oct 2003
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Ok thanks
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