Gross profit by category
Parts, labor and sublet tracked separately, so you can see which side of the business is carrying the shop.
INDUSTRIES / AUTO REPAIR & BODY SHOPS
Accounting for auto repair and body shops.
Monthly books, technician payroll, sales tax and tax planning for independent repair and collision shops in Rhode Island and Southeastern Mass.
BIBBY & CO. / RHODE ISLAND & SE MASSACHUSETTS
WE KNOW SHOP NUMBERS
A full schedule doesn't guarantee a good month.
Car counts can be up while profit is flat. Parts pricing, comebacks, technician efficiency and equipment payments all hit the bottom line. We give you clean monthly numbers that show where the money went.
Our CPA has particular experience with auto repair and body shops, and it's one of the industries the firm is built around.
Parts & labor marginsTechnician payrollSales taxEquipment decisions
HOW WE HELP
Built for how shops run.
The areas we look at first with a new shop.
Payroll and techs
Flat-rate or hourly technician pay handled through Jette Payroll and reconciled to your books.
Sales tax and deposits
Shop software, card processor deposits and sales tax filings that actually agree.
Equipment and tax planning
Lifts, scanners and vehicles planned with financing and depreciation in mind before year-end.
Parts inventory and core charges
Parts on the shelf counted and valued at year-end, and core charges and core returns tracked so credits from your suppliers don't fall through the cracks or inflate your parts cost.
Comebacks and warranty work
Comeback labor and warranty parts tracked on their own, so you can see what redoing a job really costs and whether a supplier owes you.
LOCAL TO LINCOLN & PROVIDENCE COUNTY
A CPA down the road, not a call center.
We work with independent repair and collision shops from our office at 14 Breakneck Hill Road in Lincoln, serving Providence County and the towns around it: Providence, Pawtucket, Cumberland, Smithfield, North Providence, Woonsocket and Central Falls, plus Southeastern Massachusetts, including Attleboro, Seekonk, Fall River and Taunton.
We know Rhode Island and Massachusetts filing rules, and our CPA is licensed in both states. When you have a question, you talk to the people who keep your books.
COMMON QUESTIONS
Answers before we get started.
Every situation is different. These are the questions owners ask us most.
Do you work with both repair shops and body shops?
Yes. We work with independent auto repair shops, collision and body shops in Rhode Island and Southeastern Massachusetts.
Can you help me understand parts and labor margins?
Yes. We set up your books so parts, sublet and labor are tracked separately, then review gross profit and technician productivity with you each month.
Do you work with shop management software?
We work with QuickBooks Online and can reconcile against the reports from your shop management system so sales, sales tax and deposits agree.
How do you handle core charges and parts inventory?
Core charges and core returns are recorded so supplier credits are matched up instead of lost, and parts inventory is counted and valued at year-end so your cost of goods and your taxes are right.
Should I buy or lease new equipment?
It depends on cash, financing and your tax situation that year. We run the numbers before you sign, not after.
NEXT STEP
Want to see what your shop really earns?
Tell us where things stand and what you want fixed. We'll start with a short fit conversation, then a review of your books before anyone quotes a price.