Statistics show 80% of small business failure is due to poor financial management. Integrated accounting removes the common accounting issues and sets your workshop up for future growth.
Here’s why integrated accounting is essential for mechanical workshops:
What is integrated accounting
Integrated accounting is the process of combining your business accounting to your workshop management software.
The benefit of integrated accounting is all your financial information is instantly synced from program to program once entered.
Why is integrated accounting so beneficial for mechanical workshops?
As a mechanic your primary focus is to service and repair vehicles; accounting should be the last thing you worry about.
Integrating your workshop management software to leading accounting packages such as Xero or MYOB will provide your workshop with a complete centralised solution for all your financial information.
Slash administration time:
How long do you spend allocating receipts to the correct invoice? This process wastes time and decreases your workshop efficiency.
Integrated accounting eliminates the need to use multiple programs to record, manage and input different types of financial data. With all information being central you no longer need to waste time on accounting tasks.
Eliminate errors:
It’s very easy to make a mistake when inputting financial data. Integrating accounting removes all manual administration tasks that result in error. The system instantly allocates financial information to the correct location in your accounting system – without the need of human input.
Slash accounting costs:
If you don't manage your costs, you will find yourself in a cashflow hole. Many workshop accountants charge per hour. If your business uses multiple systems to record financial information, you could end up paying so much more for your accountant then you really need to.
Integrated accounting will ultimately lower your accounting expenses - creating a higher profit margin for your business. Accountants will be able to instantly locate and perform their duties without the hassle of going between multiple programs, searching for the information they need – the less time your accountant needs the less you will have to pay!
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How can Workshop Mate help?
Workshop Mate by Jeal is a simple and adaptable mechanical workshop software that provides instant solutions to the biggest frustrations faced by mechanics today.
Workshop Mate provides workshops with automated quotes, invoicing, barcoding, parts inventory, customer reminders, service history, job allocation, integrated accounting, and more!
Unlimited Users at one fixed cost - Fast and Easy Data Import - No new installations.
Call us on 1300 473 744 or click the button below to start your 14-day free trial of Workshop Mate.