Are you having trouble tracking and organizing your auto repair shop’s financial activities?
You’re not alone. Many businesses, including car repair shops, aren’t efficient with their accounting operations. Some fail to realize that good accounting software can help streamline business finances at a fraction of the cost.
In other words, auto repair accounting software is necessary to properly manage your shop’s financial health. But with several options available, finding what best fits your needs can be challenging. So, to help you find a good match, here’s a review of some of the most popular systems out there.
5 Accounting Software for Auto Repair Shops
Most accounting software has standard features like expense tracking and invoicing. Yet, the following options do even more to elevate your financial operations.
1. HG AutoTech
The best auto repair accounting software for your business is one that’s specifically designed for auto repair shops. HG AutoTech fits the bill. Its accounting feature, which is part of its management suite for automotive shops, performs many functions, including:
AR dashboard
HG AutoTech offers a powerful accounts receivable (AR) dashboard containing valuable insights into customer data and trends.
AR statement archives
You can archive AR statements in HG AutoTech’s accounting system for up to a year and pull them whenever you need to make references or spot issues.
Quick write-off
Write short-paid invoices off with the click of a button when entering AR payments, and even control how much you’re willing to write off in the software’s settings.
Reporting by facility
HG AutoTech’s real-time reporting feature allows you to view updated reports at any point in the day. You can also view a snapshot of accounting data for a specific date.
2. Xero
Xero is one of the market’s most popular digital accounting solutions, with multiple industries using its benefits to streamline their financial operations. Among its features are:
Bank feeds
Xero enables you to centralize bank data from tens of thousands of financial institutions globally so you can focus your time and resources on troubleshooting and repairing vehicles.
App integrations
You can connect Xero’s accounting software to other apps for a complete overview of your operations.
Payroll
Xero’s software also automates recurring salary payments for small teams, so you don’t have to send money manually. You could even integrate a third-party payroll app with Xero if you need a more robust solution.
3. QuickBooks
With many businesses using QuickBooks as an industry standard, it’s earned its place on this list. It features these solutions and more:
Tax help
QuickBooks makes filing taxes less stressful by moving financial data from books to taxes while accounting for your maximum refund.
Tax deductions
Let’s say you forgot about a software purchase months ago. Not to worry, QuickBooks’ transaction records will deduct it from your final amount owed.
QuickBooks checking
You may direct customer payments to a QuickBooks checking account and then move your revenue to digital envelopes for different uses. It’s a complete banking experience with considerably lower fees.
4. Zoho
Zoho is another solution built for auto repair shops like yours. Its invoicing software specifically makes managing invoices, service charges, and business expenses more convenient thanks to these functionalities:
Customer portal
Using Zoho’s platform, you can boost client engagement by giving customers access to their transaction history or data with your auto repair shop, including invoices.
Payment reminders
Did a customer fail to pay on time? Zoho sends out automated payment reminders so you don’t have to chase unpaid transactions yourself.
Auto-charge
Zoho can collect payments automatically for recurring transactions, such as routine vehicle maintenance, by saving customers’ credit card details to draft recurring invoices.
5. Sage
Sage makes accounting more effortless for the automotive industry, enabling businesses like yours to create quotes, send invoices, and get paid without fuss. Take a closer look at what it offers:
AutoEntry
Capture receipts, invoices, bank statements, and other financial information to your Sage accounting software seamlessly via your desktop or other devices.
Inventory management
Save time handling inventory and avoid under or overstocking with Sage. It provides detailed inventory reports, like your best-selling products, and lets you quickly set product details.
Multi-currency
Do you work with global suppliers? Sage creates invoices, accepts payments, transfers funds, and tracks expenses in multiple currencies, allowing your auto repair shop to expand without limits.
What to Consider When Picking an Accounting Software
Choosing the right accounting software for your auto repair shop is crucial to managing your finances effectively, so keep these factors in mind:
Integration with other tools
The system must seamlessly integrate with your current tools, like inventory tracking software and shop management solutions. Then, you can avoid duplicate work and keep business data in sync.
Scalability
Your accounting software should be able to grow with your business. Pick a solution that can handle more transactions, users, and features as your shop expands.
User-friendliness
Employee training is costly, so consider software that’s intuitive and easy to navigate—even for those without accounting expertise.
Business needs and budget
Determine what your auto repair shop needs to pinpoint the solution that aligns with them without breaking the bank. If you need an inventory management system, consider picking an accounting solution that already features one at little or no additional cost.
Streamline Your Accounting Operations with HG AutoTech
Various accounting solutions are available to help make financial management more convenient for your auto repair spot. You only need to choose what can secure your shop’s long-term success.
So, don’t just settle for any software—HG AutoTech truly understands the unique challenges of running a car shop. As such, our accounting solution offers industry-specific features, from digital inspections to timekeeping and more, simplifying your finances and shop management operations in one easy-to-use platform.
Are you interested? Book a demo with us today!
