p and l

Financials On All Cylinders

We revisited the hexagon, the triangle, the gears, and the teeth on said gears. Owners were to focus on their top three.  The following focal points were discussed:
1. P&L knowledge
3. Budget writing
4. Snapshot
5. Technician Productivity
6. Billed hours vs. last year
7. Gross profit
8. Setting yourself apart with benefits in effort to justify higher than average prices with First Class Service…

Anchor Financial Process


SOP Formation and Review

WOIT Discussion and Notes Formation and Review

See SOP 0401-1 TEN Financial Tools

YOUTOOLS TEN Anchor Financial Tools Connecting the DOTS

  • 1.Your P&L
  • 2.Your BalanceSheet
  • 3.YourPOS Reports
  • 4. SnapshotSpreadsheet
  • 5. Budgeting for Profit Spreadsheet
  • 6. Trending Spreadsheet
  • 7.Your BankStatements
  • 8.Anchor FinancialReport (MTD & Monthly)
  • 9. ScoreCARD
  • 10. Financial Now – When – Exit – Recipes
    • LD-YNR – 0119 – SOP – Now Recipe
    • LD-YNR – 0120 – SOP – When Recipe
    • LD-YNR – 0121 – SOP – Exit Recipe


Powerpoint PDF

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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