Bookkeeping Services for Mechanics

Need Help Understanding Business Finances and Taxes? We’ve got you covered.

If you're a mechanic who needs help understanding your automotive business finances and taxes, we've got you covered.

Managing the financial aspects of your auto repair business can be complex and overwhelming, but with our specialized bookkeeping services and experience working with mechanics, you can trust that your accounting needs are in capable hands.

  • Issues managing cash flow? Let us help.

  • Struggling to track outstanding bills? Let us help.

  • Unsure how to prepare your books for tax season? Let us help.

We'll help you navigate the intricacies of your automotive business finances and taxes so you can focus on what you do best – focusing on helping your clients.

200+ Business Helped

Over 18 Years of Expertise

Done For You Services

Pain Points and Solutions for Auto Repair Garages

As a mechanic in the automotive industry, you face unique bookkeeping challenges that can significantly affect your financial health and success. Let's break down these common pain points and see how we can help you overcome them to ensure your business thrives.

Pain Point 1: Keeping Track of Business Costs

Issue: As a mechanic, you may find it challenging to track your business expenses accurately. The array of expenses can be extensive, from parts and equipment cost to travel and labour costs. Without a robust system, there's a risk of missing or misclassifying these expenses, potentially impacting your financial clarity.

Solution: Our specialized expense tracking services are designed to address this challenge effectively. Utilizing our services allows you to streamline the business processes of categorizing and monitoring all your expenses in real time. This proactive approach ensures that no expenses slip through the cracks, enabling you to generate more precise and comprehensive financial statements for your mechanics business. Say goodbye to missed costs and hello to improved financial visibility with our tailored expense-tracking solutions.

Pain Point 2: Handling Invoices

Issue: The influx of invoices can quickly become overwhelming for mechanics balancing multiple clients and projects. This juggling act often results in delays or errors in billing, creating disruptions in your cash flow management. These challenges can hinder your ability to meet financial obligations promptly.

Solution: Our automated invoicing solutions remedy this common pain point strategically. By implementing our streamlined billing process, you can significantly reduce errors, enhance accuracy, and ensure invoices are sent out promptly. This automation facilitates timely payments and optimizes your cash flow management, allowing you to maintain financial stability while focusing on delivering exceptional mechanical services to your clients. Say goodbye to billing delays and hello to efficient cash flow with our automated invoicing services.

Pain Point 3: Cash Flow Management

Issue: Auto repair shops often face the ongoing challenge of maintaining a steady cash flow. Inadequate cash flow management can result in insufficient funds for daily operations, payroll margins, and essential expenses, ultimately hindering business growth and creating financial instability.

Solution: Our specialized assistance is geared towards helping you address these cash flow concerns effectively. By providing support in tracking your cash flow projections and comprehending the inflow and outflow of cash within your business, we empower you to anticipate and prevent potential shortfalls. This proactive approach safeguards against financial disruptions and ensures the seamless operation of your mechanic business, promoting stability and sustainable growth. Let us guide you toward improved cash flow management, enabling you to navigate financial challenges with confidence and clarity.

Pain Point 4: Accurate Bookkeeping

Issue: The consequences of inaccurate bookkeeping for auto repair mechanics can be far-reaching. They can lead to misunderstandings regarding business performance, potential tax issues, and ill-informed financial decisions. These inaccuracies can significantly impact your small business's overall health and success.

Solution: Our dedicated bookkeeping services offer a reliable solution to combat inaccuracies in financial records. By maintaining precise and organized records, we provide clear insights into your business performance, empowering you to make informed and strategic financial decisions. This proactive approach not only helps you steer clear of potential tax problems but also supports the implementation of sound financial strategies that drive growth and sustainability within your business. Let our bookkeeping services be the foundation for your financial clarity and success.

Using an effective bookkeeping method is key to the long-term profitability and success of your business. By addressing these pain points with our tailored solutions, you can maintain accurate financial records and stability for your business.

Christine and her team are extremely efficient, calm and organized. Their knowledge and systems are outstanding.

-Patricia Wilson, BJN Investments

Discover our Customized Bookkeeping Services
for Mechanics.

✔ We offer simple packages that give you peace of mind about your monthly finances.

✔ We offer you more control over your business with Tax Filing Packages.

✔ Have employees? We offer Payroll Services Packages to suit most small businesses.

Prices are based on a small to medium size company.
Please fill in our CONNECT WITH US form for a more detailed quote based on your company’s needs.

—
We Do It All Plus

Hands off bookkeeping, you let us handle all aspects of the bookkeeping, and we provide you with quarterly reports.

500-800 Transactions per month

2 Bank & 2 Credit Accounts

Starting from

$1267

per month

Posting of all Income

Posting of all Expenses

Reconcile Bank & Credit Card accounts

Quarterly Financial Reviews

Quarterly Reports

Email & Phone Communication

Year-End Adjusting entries

Liaison with Accountant

OPTIONAL ADD-ONS:

Payroll package

Tax Filings

—
We Do It All

You handle all income posting, we handle everything else, and provide you with quarterly reports.


300-400 Transactions per month

2 Bank & 2 Credit Accounts

Starting from

$647

per month

Posting of all Expenses

Reconcile Bank & Credit Card accounts

Quarterly Reports

Email & Phone Communication

Year-End Adjusting entries

Liaison with Accountant


OPTIONAL ADD-ONS:

Payroll package

Tax Filings

—
We Do It Right

You handle all posting of income and expenses, we help you make sure each month is balanced and on the right track.


200-300 Transactions per month

2 Bank & 1 Credit Accounts

Starting from

$427

per month

Reconcile Bank & Credit Card accounts

Review & Resolve Income & Expenses

Year-End Adjusting entries

Liaison with Accountant

* Corrections to posted transaction: excessive corrections to transaction are deemed out of scope, additional charges may apply.


OPTIONAL ADD-ONS:

Payroll package

Tax Filings

Need more help? We offer additional services!

Payroll Services

We offer payroll services based on the number of employees you have in Basic (1-5 employees), Business (6-10 employees), and VIP (11-20 employees) packages. All packages include:

  • Payroll software subscription

  • ​Bi-weekly processing on your designated day

  • ​Generate pay stubs

  • PD7A summary

  • ​Generate Record of Employments (ROE) & file with Service Canada

  • ​Prepare & file annual T4 Slips / T4 summary

  • ​Direct deposit

  • ​Employee portal

  • Payroll liabilities processed 

Tax Filing Services

We offer GST & PST Filing services based on the level you want to be involved:

  • Check Profit & Loss & Sales Tax
    Summary reports

  • File with Tax Agency

  • Send GST/PST Filing Reminders to client

  • Email Reminders to client to pay

  • Basic CRA Review Support

Catch Up Services

Our catch-up bookkeeping services are designed to get you back on track and up to date. We will review the history of filings and transactions to move you towards the goal of getting your bookkeeping current (and keep you there).

  • Posting any remaining income & expenses from statements

  • Reconciling Bank & Credit Card statements

  • Review if transactions are correct

  • Review Chart of Accounts

  • Year-End Adjusting entries

  • Liaison with Accountant

starting at $1,500 per year of catch up for small - medium-sized companies.

Frequently Asked Questions

  • Accurately tracking business expenses is vital for an auto repair shop to maintain financial health. Our services help categorize and monitor all expenses in real-time to ensure precise financial statements.

  • Inaccurate bookkeeping can lead to misunderstandings about business performance and tax issues. Our bookkeeping services provide precise records and insights for informed decision-making, avoiding tax problems.

  • We offer varying levels of service at fixed monthly prices, including Peace of Mind, Stay Organized, and Get Balanced packages. Services range from hands-off bookkeeping to more hands-on involvement, tailored to suit different business needs. Additional services like payroll services and tax filings are available to enhance financial management efficiency.