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Discussion and Notes Formation and Review

1 -10 rating of your operations this year 2021+Anchor+ScoreCARD

Downloads

Powerpoint PDF

 

• Overall Anchor Financial Report SOP #407, Usage and Review

YOUTOOLS Agenda for 6.9.20

• April 2020 Anchor Report Review (Dropbox)
• Member List (Dropbox or Slide 15)
• Year to Date 1st half of PDF Report (Page 1-18)
• Monthly 2nd half of the PDF Report (Page 11-19)

• Anchor Library review
• Reporting Forms discussed
• PPP Money Questions
• GS Labor cost – where to show and how? FYI: A firm decision on the answers to the questions asked will be forthcoming

Rollout for the upcoming Anchor Financial Reporting, and PPP discussion:

• still many questions unanswered from when do I get it, how do I account for it on BS and P&L
• CPA needs to help you with all of that
• GS Labor discussion – where it goes on the monthly report? This is what the instruction say:COST OF SALES:  The cost of shop labor sold to customers Technician and (General Service gross pay…If they actually work on vehicles and you gain revenue from work performed.)

 

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Topics discussed

• Overview of Anchor Financial Process
• Overview of the Financial Reporting Process
• The reporting template
• The reporting instructions
• Reasons to do it yourself
• Brian shares some of his aspects of budgeting

Your money is in the numbers! Andy, Joe N. and Joe E. each share some of their valuable experience with numbers.