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This will be a basic overview of bookkeeping for gas stations, understanding how to keep your books and accounting. Nothing in depth. At a later episode I will review some of the more popular gas station management software that comes with bookkeeping like petro soft and many other similar accounting software.
In this episode I discuss the basics of gas station bookkeeping practices and how to get it done with an ease. How to understand and analyze the numbers, How do you calculate profit and how to figure out what your breakeven point is for your business. I break is down to 5 parts and discuss each part in depth. So enjoy.
- First the basic, let’s define what is bookkeeping and why it is vital for your business
- Three parts of book keeping
- Sales data
- Purchase data
- Expense data
- How to keep the Data
- How to Calculate the data
- How to find your Breakeven point
To read more about the Wisconsin Unfair Sales Act please Click HERE
The book I want to recommend today is call Turn the Ship Around by David Marquet and Stephen Covey
This book is about how to turn followers into leaders.
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