RESTORATION
About the Restoration Industry
The industry is estimated to be worth over $200 billion in the US alone.
It is driven by a variety of factors, including natural disasters, aging infrastructure, and changing consumer preferences.
It is projected to grow at a compound annual growth rate of 5.2% through 2026.
5
Why is accounting an essential part of the restoration industry?
Accurate accounting records enable restoration companies to track income and expenses, manage cash flow, and make informed decisions for future improvements. This allows companies to build a strong relationship with customers and suppliers, resulting in more business opportunities and better customer service by demonstrating trustworthiness and reliability.