Automotive Repair Shop Financial Statements

▤ Summary

The balance sheet and profit and loss statement provide a picture of the status of a company at a given point in time. Decisions can be made on what management focus should be going forward in order to achieve success. The primary statements are: • Balance Sheet – This financial statement reports an auto repair shop’s assets and liabilities at a specific point in time. A ratio that reflects assets higher than liabilities generally depicts a healthy balance sheet. The profit and loss statement (or P&L) is a very important tool in financial management.

▦ Linked Companies

FastTrak

$1M to $5M