Bookkeeping is an integral part of any business, but this is especially true for auto repair shops. Auto repair shops have a lot of moving parts to keep track of that impact their finances and bottom line, including auto repair tech wages, parts prices, inventory, equipment, maintenance, and more. It’s important that auto shops keep […]
If you own an auto repair shop, it’s important to have a solid automotive parts pricing strategy in place in order to increase revenue and profitability while also ensuring that your customers get a fair deal and keep coming back to your shop for future repairs and services. Read on for a few tips on […]
If you are a busy business owner, it’s important to have the right tools in place to help you manage your finances, bookkeeping, and accounting so you can stay profitable and have a strong grasp on your business’s financial health at all times. Quickbooks Online is one of the best online accounting softwares out there […]
The profits generated from auto repair labor are significant to the success of auto shops. As a bookkeeper that works with auto repair shops, I’ve seen instances where the labor margins are negatively impacting the bottom line and are not where they should be. Oftentimes, the amount of labor sales and the amount spent in […]
It’s been 3 years since the onset of the global Covid-19 pandemic, and we are still feeling the side effects when it comes to accounting, taxes, and tax refunds. In both 2020 and 2021, the IRS issued notices under the Tax Code, giving them the authority to postpone deadlines and due dates related to filing […]