As a cabinet shop owner, you’re going to have to keep up with a few small accounting details in relation to the business. Bookkeeping needs to be attended to on a monthly basis. In my case, I was well taught in fabricating kitchen and bathroom cabinetry but had little formal training in any type of accounting.

Programs are available where you can set up a monthly package pick-up service and delivery of your company’s financial activities. The accounting firm will basically do almost everything for you except write the checks for the taxes and bills that are due.

Once I had the accounting system down, all of the required paper work tasks where easily manageable. My monthly responsibilities included keeping track of all the receipts, paying the local sales tax and IRS taxes that was due, writing a category code on each check and balancing the check book. That was all the book keeping that I had to do every month.

Incidental, we fabricated file cabinet rails out of L-channel for our drawers. This is the best material we have ever used for hanging our Pendaflex folders from.

read Bookkeeping Cabinet Shop

There are dangers in business that can catch you off guard. One of them is having an undisciplined debit card. This became a problem with the cabinet company that I was associated with. The downfall would happen when business was booming and it seemed as though there was an endless supply of money on hand. read Debit Card Cabinet Business

Small business loans are tough for cabinet manufactures to get during the shop start up stages. The bank will not take high risks with a small shop. Financial institutions are intensely reluctant to offer long-term loans to small firms just starting out.
read Bank Loan Cabinet Shop

Do you know what all of your business expenses are that relate to your cabinet company? Have you assembled a business plan that includes all of the costs related to your overhead? Use it as a guide to help with estimating kitchens, bathroom vanities, countertops and installation bids. read Business Estimating Guide Cabinet Companies

Did you know it’s easy to get started making  a website for your cabinet business? You can create an Internet presence for your manufacturing company in the comfort of your home or office. I learned how to build a business website for my kitchen cabinet repair company in a few hours time. Read Cabinet Business Website