Where do you go when you need essential flower shop accounting, financial management, and benchmarking best practices? Does this crucial information even exist in a way that’s specific to the complexities of running a flower shop? The Society of American Florists’ has this information all in one place.
SAF’s Floral Management magazine published a 17-part series on Floral Shop Accounting 101. It covers balance sheets, payroll, collections, COGs, cash flow, design room efficiency and more with advice from two experts on floral finances — Paul Goodman, MBA, CPA, PFCI, president of Floral Finance Business Services and Derrick Myers, CPA, CFP, PFCI, president of Crockett, Myers & Associates, Inc. SAF compiled the series into one convenient PDF available exclusively to members only.
In addition, SAF provides members with advice on Key Operating Targets, two spreadsheets that can help members control Cost of Goods Sold and help their brides-to-be set up their floral budget, and several WebBlasts focused on the issue of pricing.
Members can access Floral Shop Accounting 101 and additional information on pricing here.