Expert Bookkeeping for Mechanics and Auto Shops
Rev Up Your Finances with Bookkept
Bookkept provides specialised bookkeeping services for mechanics and auto repair shops in Melbourne. Our team understands the unique financial challenges of the automotive industry, helping you track job costs, manage inventory, and boost profitability.
Tailored Financial Solutions for Auto Repairs Melbourne, Victoria
The automotive repair industry has specific financial needs. Our services are designed to address these challenges, ensuring your books are accurate and your business runs smoothly.
Job Costing and Tracking
Accurate job costing is crucial for auto repair profitability. Bookkept helps you:
- Track labour hours precisely
- Manage parts and materials costs
- Analyse job profitability
- Identify pricing inconsistencies
- Improve quoting accuracy
Our job costing system provides clear insights into each repair job's profitability, enabling you to price your services competitively and profitably.
Inventory Management for Auto Parts
Effective parts inventory management is essential for mechanics. We assist with:
Tracking stock levels of various parts Monitoring usage patterns Identifying slow-moving items Optimising reorder points Analysing supplier costs
Our inventory management solutions help you maintain optimal stock levels, reducing carrying costs while ensuring you have the parts you need.
Plans to suit your business accounting & bookkeeping needs
We don’t believe in a cookie cutter approach when it comes to billing.Our clients prefer certainty so we tailor a monthly package with defined accounting services and agree upfront. Here are some examples of what we do for our clients –
Chris - The Contractor
Emma - The Cafe Owner
Mick - The Well-Established Firm
Cash Flow Management for Auto Repair Shops
Auto repair businesses often face irregular cash flow. Our services help you navigate this challenge:
We analyse your cash flow patterns, identifying busy periods and potential slow times. This insight allows for better financial planning and resource allocation.
Our team assists in creating cash flow forecasts, helping you prepare for fluctuations in business volume. We work with you to develop strategies for maintaining healthy cash reserves.
We provide regular cash flow reports, giving you a clear picture of your financial position at all times.
Tax Compliance for Mechanics
Understanding and managing tax obligations in the automotive industry can be complex. Bookkept ensures you stay compliant while maximising tax benefits. We handle:
GST calculations and reporting Payroll tax management Fuel tax credits Vehicle depreciation BAS preparation and lodgement
Our automotive industry tax expertise helps you avoid costly errors and take advantage of all available tax benefits.
What our clients are saying
FAQ About Our Service
How can Bookkept help manage my auto repair shop's job costs?
We implement systems to track labour hours, parts usage, and overhead costs for each job. This allows for accurate profitability analysis and helps improve your pricing strategy.
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Can you assist with managing multiple revenue streams (e.g., repairs, parts sales, diagnostics)?
Yes, our bookkeeping systems are designed to handle multiple revenue streams. We can provide detailed reports on each aspect of your business, helping you understand which areas are most profitable.
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How do you handle warranty work and insurance jobs in the books?
We set up specific tracking for warranty and insurance work, ensuring these jobs are properly accounted for. This includes managing reimbursements, tracking time spent on warranty work, and ensuring all billable hours are captured.
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What automotive-specific reports can Bookkept provide?
We offer a range of reports tailored for auto repair businesses, including job profitability analysis, parts inventory turnover, labour efficiency reports, and cash flow statements. These reports provide insights specific to your automotive operation.
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How can Bookkept help me understand the profitability of different types of repairs?
By analysing your job costing data, parts usage, and labour hours, we can provide insights into the profitability of different repair types. This information can help you focus on the most profitable services and improve efficiency in less profitable areas.
Get In Touch Today
Get in touch by filling out the form below or simply call (03) 8568 3506!