East Coast Lot & Pavement Maintenance thrives after recognizing, adapting to changing market.
Essential Reports You Need
Uri Ben-Yashar says East Coast Lot & Pavement Maintenance relies on financial reporting tools to effectively manage their business and that these tools are essential for company's similar in size to East Coast.
Flush Report – This report provides what Ben-Yashar terms a "flush look" at the business financially. It includes payables, receivables, average collection days, line of credit status, and more. It also includes payroll, providing a complete breakdown of payreoll by department and percentage of sales. A third portion of the report contains more general information such as new and lost accounts, number and sources of complaints, and anticipation of major expenses.
Cash Flow Report – For East Coast this report breaks down the future 10 weeks of anticipated sales, collections, and expenses. "This report is crucial for effectively managing the availability of cash to run the business," Ben Yashar says.
Both reports are done weekly.