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!
- BrightPay 347 9
- If a company made large profits in 2009, is there a time limit for later losses to be set off against those profits to recover tax? 183 3
- CGT &LLP 47 2
- Am I at risk as an appointed Agent? 523 4
- Setting up an offshore company 37 1
- SDLT on Land Transfer to Connected Company and Averaging Relief 172 16
- Secure document exchange 98 3
- Question for FreeAgent users 148 4
- Any way of declaring a variable dividend? 378 7
- break even point 137 5
- Charity recouping VAT via a separate company 107 3
- Fax to email providers 320 11
- Payroll software 216 11
- Ghost messages from HMRC...... 116 1
- Amending supplier account code in Sage 50 134 4
- How to issue shares to investors 63 1
- Expense management software 623 12
- New Practice - Accounting Software 3,093 84
- Tax code 130 1
- Payroll Manager - seperate monthly & weekly 357 6