Expenses/Money Archives - ProRevTech

Category: Expenses/Money

Creating P&L Statements for Your Shop

P&L, or Profit and Loss statements are an essential part of running an auto repair shop. Any business with so many moving parts needs detailed account records and tracking documents to 1) determine whether the operation is actually making any money, 2) find any gaps in cash flow or discover any unnecessary expenses and 3)

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Common Cash Flow Issues for Auto Repair Shops and How to Fix Them

Auto repair shops are cash intensive and usually have a lot of moving parts (pun intended!). From regulations and licensing fees, to local and state taxes for operation, to the sometimes complicated transactions between you and your customers, the economics of running an auto repair shop can get pretty complicated and hard to follow. However,

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auto shop owner

How to determine if I start my shop from scratch or buy an existing repair shop?

So you’ve decided it’s time to stop being a technician and become the shop owner. Congratulations, and ProRevTech is here to help you on your journey. The first thing you are probably wondering about is getting customers to your new shop. And one of the easiest ways is to buy an existing shop with an

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Can I afford to quit my job and open up my own auto shop? (Part 1: Personal Expenses)

Can’t you just taste it? It’s 7:00 in the morning, and you’re standing in the customer lounge, brewing the first pot of coffee for the day. Nothing is unusual about that, you’ve been doing this same thing for years. While it is brewing, you turn and head into the shop. You unlock your toolbox and

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