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HI I'M NEW.
I KNOW MY PAYROLL IS WAY TOO HIGH WHEN I COMPARE TO INDUSTRY STANDARDS I FIND ONLINE.
LAST YEAR I WAS AT 22% SOME INFO I HAVE FOUND HAS SAID 12-14%. IT WOULD TAKE A LOT FOR ME TO GET IT DOWN THAT LOW.
READING NUMBERS ONLINE I THINK CAN BE UNREALISTIC SO I STUMBLED ON THIS FORUM WHILE LOOKING AT STUFF ONLINE.
I FIGURED I WOULD ASK...
By Joe Marconi
I am not here to judge anyone or tell someone how to run their business. But, here is situation that bothers me. I was recently at a shop council meeting and one of the shop owners told that his master tech, a man in his mid 30s cannot get a bank loan to buy a house. When he told ne what he was paying him, I asked him, "That is a real good salary, why can't he get a loan?" He went on to tell me that this tech has only worked for him for 9 months and all his other jobs were either "off the books" or partially off the books. So his last three years of tax returns do not look all the good.
I am not naïve or going to tell anyone that I am a Saint. But, this got me thinking. Is this just another one of the reasons why we are plagued with image issues and maybe a reason why many shops struggle?
Let me play devil's advocate here. Isn't it true that the best run shops and the most profitable are those that are 100% legitimate.
I will leave it right there....
I'm a recent college grad, former Toyota technician, and current software developer. I'm working on a shop management platform for a few shops in my area, but want to build it so it is useful for many others. The shops I'm building it for have limited budgets, and are currently using accounting software like Quickbooks and/or just doing it on paper. They are all profitable, established businesses, yet still use old accounting/ repair order tracking and billing methods.
What features do you look for in software? I know there are many options available on the market, but it seems like many of them have too many features and look confusing to use.
Any insight would be hugely helpful!