How to Keep Accounts for an Auto Repair Shop?

[AdelineLynn]

First, you can establish an inventory account based on purchased finished products or parts, using EXCEL to replace manual statistics and summarization. It can be viewed as a circulation-type enterprise model, so cost accounting is not as complex as industrial costs. A work hour statistics table should be created to clarify the labor hours and labor costs for an auto repair service. If there is no management need for this, it can be omitted. Expenses incurred during the auto repair process, such as auxiliary materials and the wear and tear of special tools, can be directly recorded as current period expenses.