Service Business Escrow Accounting

By |2021-10-23T00:33:42-05:00August 11th, 2021|Total Office Manager|

Any service company that sells planned maintenance and service agreements, especially HVAC service companies, should be setup for escrow accounting.  However, many service companies do not know what escrow accounting is or how to implement this practice within their business model. What is Planned Maintenance and Service Agreement Escrow Accounting? Explained simply, escrow is when