Easy Accounting for Small Business Owners in the Automotive Industry

It has been said that the business of America is business. Besides this borderline-tautology, the truth is that the business of America is also automobiles. Maintaining finances, bookkeeping, management, and tax resolutions are important for any dealership, factory, or larger center. When it comes to day-to-day accounting for small business owners, efficiency is key.

The man or woman who owns or operates a small business needs facts. This is particularly true of those in the automotive industry. Whether a service station, a Sunoco, or a more modest oil changing station—these folks find themselves spending a lot of time and energy maintaining their books, dealing with the IRS, and doing all the technical and legal bureaucratic navigation you’d expect from an unsung hero of the automotive industry: the small business owner. But making this kind of noise is not enough when you need to worry about your accounting.

Finances and accounting are not just important to the automobile owner (likely his first or second most valuable asset), they’re particularly important to operators of service stations like Sunoco. Though the stereotype of many naive members of the public may be to view the automotive industry as a monolithic empire—the fact is that small business owners and their facilities, be they gas stations or lube centers are the backbone of the American automobile infrastructure and to a great extent, the transportation industry itself.

At Business and Financial Solutions, we take pride in providing the kind of services that can be confusing, tedious, or financially hazardous to the average business owner so that they can focus on providing their customers with quality maintenance, performance, and service. Outsourcing financial management and bookkeeping is fast becoming a winning strategy to the small business owner trying to flourish (or keep their edge) in the automotive business world.

The Questions to Ask…

Am I spending a higher proportion of my time than I’d like doing bookkeeping?

Is time dealing with the IRS or other government agencies taking away from my commitment to my customers?

Have I suffered financially or time-wise because of errors I made maintaining my books or finances?

Would I like to have professional accounting done but don’t want to hire a full time in-house accountant?

If your answer to any of these questions is ‘yes’, it’s time to call Business and Financial Solutions (BFS). Not only will we have you covered, we can help you update your QuickBooks files, get your tax situation up to date, and help you get a firm handle on the “other” elements of your business so you can go back to business.