With the end of 2020 fast approaching, we’re going to look at annual financial reports. Your shop’s financial report is being prepared and there are some steps for you to take. There are also steps you can take to prepare for a solid start to the new year. The content of this blog comes from […]
Within this post we’re going to pull back the covers and take a look at what goes into a quarterly report. For this conversation we’ll be talking about privately owned auto repair shops only. By definition a quarterly report is a summary or collection of unaudited financial statements. These include balance sheets, income statements, and […]
How to figure the Break-Even Point (BEP) is one of the biggest questions you need to answer before you open your shop. When is does your shop cash flow positive on the way to the business becoming profitable. If you bought your shop from another owner, that answer should have been in the financial reports. […]
Hi, my name is Natalie Paris and I am the driving force behind Three Rivers Bookkeeping and my motto, “Bookkeeping Done Right”. I have been a full time bookkeeper for three years and in the two-to-three years before that, I worked with accountants and bookkeepers part time. While I was managing a repair shop, part […]
Before this installment, I talked about the balance sheet and before that I educated you about the income statement. Let’s learn about your statement of cash flows and how to read it. My goal today is for you to totally understand the statement of cash flows The statement of cash flows is also called the […]