Description:
Understanding the connection between the profit and loss (P&L) statement and all components within the collision repair process is critical to the success of any business. In this online course a P&L statement is reviewed, and common categories and sub-categories are addressed to help identify areas where profits for a shop may be negatively impacted. Areas of the P&L statement a production manager can have the most influence over are covered as well as strategies to measure and improve performance in those negatively impacted areas. Suggestions for communicating performance results to the team are provided to engage the whole shop in its success.
After completing this course, you will be able to:
- Learn how to perform gross profits and net profits calculations
- Determine how to use a P&L statement to monitor labor gross profits
- Understand how to monitor parts gross profits
- Discuss ways of positively impacting sublet gross profits
Duration: 1 hour
Cost: $41 single course
