Garage business really struggling
I have a client operating as a garage business, carrying out all manner of motor repairs. They are really struggling and don't seem to make the kind of profits
that fit with the amount of work that they do. They do offer credit, which has more to do with them not being able to get the bills prepared by the time that the
customers collect their cars than anything else (but is dire for cashflow). They now have a credit card machine which really took some persuading.
They seem to have issues with tracking billable hours. I have devised a time sheet that includes all workshop employees and only covers one day. This way they can see on a daily basis the combined billable hour figure, and identify problems as they go along. Obviously, I am struggling to get them excited about this.
So, I just wondered what other accountant's experiences are of garage businesses. The premises is owned, so its not even as if their is rent to pay.
I am also interested in what the average mark-up of parts is across the country.
This is my local garage - I need it to work!
- VAT on new builds 57 1
- Bank Interest Held by Solicitor During Divorce 60 1
- Cost of demolition of a shed - revenue or capital? 612 14
- Are accountants facing a doomsday scenario? 1,732 26
- Missing tax return 63 2
- Are you going to Tick and Bash on 21 May? 889 24
- CG on Spanish property disposal 261 8
- SSAS Pension scheme 134 2
- Quick Income tax calculation question! 524 18
- Physiotherapy 213 3
- Inflation and fees 1,168 20
- Capital allowances not claimed 127 3
- Changing shareholding ratio 255 8
- CGT help please 116 1
- How much would you charge for an interim audit? 328 7
- Cashflow forecasting software 101 2
- What happens when a customer with PPD pays late? 156 2
- Becoming a subcontractor to Accountancy Practices 286 1
- Community Interest Company 134 3
- Redundancy Pay 419 5