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Chart of Accounts for Automotive Sales and Repairs

Download the QuickBooks Chart of Accounts for Automotive Sales and Repairs

When you work in auto sales and/or repairs, there is a constant flow of work that does not allow for much free time. There are several services that can be offered by companies in your industry, such as car sales, motorcycle sales, engine repair, brake service, fluid changes, inspections, electronic diagnoses, bodywork, detailing, and the list goes on. It can be difficult to set aside time to sit down and handle your finances and develop a personalized chart of accounts (COA), but it is a task that must be done nonetheless… unless somebody has already done it for you (Hint: We have).

The COA plays a central role in your company’s accounting process; having one tailored to your company’s unique needs can streamline your routine and make recording transactions so much easier.

We created a free PDF download of an industry-specific chart of accounts for automative sales and repairs businesses; just fill out the form below and it will be promptly delivered to your inbox!

 

 

Companies in the automotive industry typically offer several services, so you should have several different income accounts for the services you offer (You could have only a Sales account for your income sources, but it is recommended to have a separate account for each service so you can track from where the money comes).

Expense accounts also vary from company to company. For example, repair shops need expense accounts for small tools and large machinery. Automotive sales companies need accounts for permit expenses, dealer plates and licenses, and insurance and bonding costs.

Luckily for you, we take all of this into account! Take advantage of the free chart of accounts download we offer for companies in the automotive industry.

What we do doesn’t stop there, though, and neither does your accounting. We at Fast Trac Consulting also offer a number of services to help you get your financial engine running better than ever!

Schedule an appointment with one of our team experts so you can get on the fast track to profits now!

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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