HVAC businesses are part of a class of small businesses that are difficult to manage for one reason: you can be the best at what you do and still have a struggling business. HVAC technicians have to be knowledgeable about the service and products they provide, something that takes years of practice and skill to do effectively. Even after attaining a high degree of competency, building a client base and reliable reputation, and investing in your own company, many HVAC technicians and business owners can be surprised to find they’re still operating at a loss.

All of the industry experience necessary to run a functioning HVAC company leaves little time to learn the minutiae of business accounting, bookkeeping, taxes, and payroll—unfortunately, these things are exactly what can keep even the best businesses from turning a profit. However, there are steps that busy HVAC technicians and business owners can take to keep their accounts in order and their books balanced. Let’s take a look at five bookkeeping tips for HVAC companies.