Auto Repair Shop Shop Financial Checklist Template

Stay financially sharp! Our Auto Repair Shop Financial Checklist Template simplifies bookkeeping, expense tracking, and profit analysis - ensuring your shop thrives. Download now!

This Template was installed 2 times.

Cash Management

1 of 10

Daily cash handling procedures and reconciliation.

Opening Cash Count Time

Opening Cash Amount

Cash Sales Total

Credit Card Sales Total

Cash Disbursements

Deposited Amount

Deposit Date

Cashier Signature

Accounts Receivable

2 of 10

Tracking and managing customer payments.

Invoice Number

Invoice Date

Total Amount Due

Due Date

Payment Status

Amount Paid (if partial)

Payment Received Date (if paid)

Payment Notes (e.g., Check Number)

Accounts Payable

3 of 10

Monitoring and paying vendor invoices.

Invoice Date

Invoice Number

Vendor

Invoice Amount

Payment Terms

Payment Due Date

Discount Applied (if any)

Notes/Comments

Payroll Processing

4 of 10

Ensuring accurate and timely employee compensation.

Pay Period End Date

Number of Employees Paid

Gross Payroll Amount

Payroll Tax Withholdings (Federal)

Payroll Tax Withholdings (State)

Total Payroll Cost

Payment Method

Payroll Processing Date

Sales Tax Compliance

5 of 10

Collecting and remitting sales tax accurately.

Last Sales Tax Filing Date

Total Sales Tax Collected (Current Period)

Total Sales Tax Remitted (Current Period)

Sales Tax Collection Method

Sales Tax Permit/License Number

Next Sales Tax Filing Due Date

Expense Tracking

6 of 10

Monitoring and categorizing business expenses.

Expense Date

Expense Amount

Expense Category

Vendor Name

Description (Purpose of Expense)

Receipt/Invoice

Payment Method (1=Cash, 2=Credit Card, 3=Bank Transfer)

Bank Reconciliations

7 of 10

Matching bank statements with internal records.

Reconciliation Date

Beginning Balance (Bank)

Ending Balance (Bank)

Beginning Balance (Shop Records)

Deposits in Transit

Outstanding Checks

Explanation of Discrepancies (if any)

Reviewer Signature

Inventory Valuation

8 of 10

Tracking and valuing parts and supplies inventory.

Beginning Inventory Value

Parts Received This Period

Parts Sold This Period

Obsolescence/Write-Offs

Theft/Loss

Ending Inventory Value

Valuation Method

Budgeting and Forecasting

9 of 10

Planning for future financial performance.

Projected Total Revenue (Monthly)

Projected Cost of Goods Sold (Monthly)

Projected Operating Expenses (Monthly)

Projected Net Income (Monthly)

Budget Review Date

Sales Growth Rate (Annual)

Customer Acquisition Cost

Economic Outlook (Next 6 Months)

Loan and Debt Management

10 of 10

Monitoring loan balances and repayment schedules.

Loan Balance (Current)

Next Payment Due Date

Monthly Payment Amount

Loan Type

Lender Name

Interest Rate (%)

Loan Origination Date

Remaining Loan Term (Months)

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