Quarterly Reports – Much More Than What They Appear To Be

Within this post we’re going to pull back the covers and take a look at what goes into a quarterly report. For this conversation we’ll be talking about privately owned auto repair shops only. By definition a quarterly report is a summary or collection of unaudited financial statements. These include balance sheets, income statements, and […]

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When Will My Auto Repair Shop Break Even?

How to figure the Break-Even Point (BEP) is one of the biggest questions you need to answer before you open your shop. When is does your shop cash flow positive on the way to the business becoming profitable. If you bought your shop from another owner, that answer should have been in the financial reports. […]

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Learn More About Three Rivers Bookkeeping And The Passion Behind The Brand

Hi, my name is Natalie Paris and I am the driving force behind Three Rivers Bookkeeping and my motto, “Bookkeeping Done Right”. I have been a full time bookkeeper for three years and in the two-to-three years before that, I worked with accountants and bookkeepers part time. While I was managing a repair shop, part […]

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How To Read And Understand Your Statement of Cash flows In As Little As 1-Hour

Before this installment, I talked about the balance sheet and before that I educated you about the income statement. Let’s learn about your statement of cash flows and how to read it. My goal today is for you to totally understand the statement of cash flows The statement of cash flows is also called the […]

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WARNING: Here’s What Every Automotive Repair Shop Owner Needs To Know About Their Balance Sheet

Check out this post to learn about the three parts of your balance sheet; Assets, Liabilities, and Equity. We’ll break them apart but first here’s a statement about a balance sheet in general. A balance sheet is a financial statement that provides a snapshot of what a company owns and owes, as well as the […]

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