Managing the finances of a car wash is very important, especially because in this business, cash flow can be tight if not handled properly.
That’s why it’s important to have the right financial reports. With the specialized information you actually need, you can make sound decisions to keep your business in good financial shape.
SBS Accounting & Advisors has developed reports specifically for car washes.
Let’s start with labor. Employee turnover is high in our industry, and it’s a big expense for washes. Do you know what your Employee Turnover Rate (ETO) is and do you track it over time?
What is your labor cost as a percent of your sales? And we mean the full cost of your labor, not just the wages you pay. You have to consider additional costs like Workers’ Compensation insurance, employer taxes, processing fees, etc.
We also have benchmarking so you can see how your wash stacks up against others in the industry. This can pinpoint areas that need improvement.
Each month, after we close your books, we offer a video analysis of your wash-related metrics, such as profitability by wash package, chemical and water cost by car, and revenue by car, just to name a few.
We also give you insights into your financial statements, so you understand exactly the story your financial statements are telling.
SBS Accounting & Advisors has been helping small businesses for 16 years. We understand the daily challenges of running a small business because we’re a small business too.
We have an easy 3-step process to get your business quickly up and running with efficient, state of the art bookkeeping.
Call us at 800-381-2989 or email us at info@sbsaccountants.com today to set up a free, 30-minute consultation. You can also set up your free, 30-minute call by clicking here: https://calendly.com/sbs_jbill/discovery.
Quit guessing which segments of your wash are under-performing because you have the wrong financial reporting system!
We will help you measure the right metrics, so you maximize your profits!
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