Buying equipment is the easy part. Tracking it correctly is where most shops get burned.

In this video, Ashley from A&L Bookkeeping and Accounting breaks down how equipment should really be handled in your books so your margins, taxes, and financials tell the truth. We cover the difference between inventory and fixed assets, when to expense versus depreciate, and how repairs and upgrades should be treated.

Misclassifying equipment can inflate profit one year, tank it the next, and leave you wondering where the cash went. When equipment is tracked correctly, you get cleaner books, better tax planning, and smarter decisions about future upgrades.

If you own a performance shop, race team, or service-based business, this is one of those fundamentals that quietly makes or breaks profitability.

Your labor rate looks solid. Customers are happy. But profit at the end of the month doesn’t add up.

For performance shops, race teams, and any business selling parts and labor together, the problem is often hiding in parts pricing.

In this video, we break down:

• What blended margin really means

• Why “I’ll make it up on labor” doesn’t work

• How small part discounts quietly drain profit

• The real costs behind parts, labor burden, and overhead

• How to build consistent, data-backed pricing

Tiny undercharges add up fast, and they can quietly erase thousands in profit every year. If your pricing looks good on the invoice but not in the bank, this video is for you.

If you want help identifying profit leaks and fixing your pricing system, that’s exactly what we do.

#bookkeeping #performancebusiness #raceshop #pricingstrategy #profitmargins #smallbusinessfinance #costofgoods #laborburden #shopowners

Expandir tu negocio u operación de carreras es emocionante y también arriesgado. Ya sea que planees contratar personal, abrir una segunda ubicación o agregar un segundo auto de carreras, hacerlo sin la preparación adecuada puede crear problemas serios. Aquí te explico cómo construir una base financiera firme para que tu crecimiento sea sostenible, no caótico.

Stop running your business in reaction mode. This weekly money routine helps you control cash flow, avoid surprises, and make confident decisions. Learn how A&L can support your bookkeeping and advisory needs.

Dirigir un negocio de carreras drag u otro tipo de emprendimiento implica épocas altas, bajas y giros inesperados. Ya sea transporte, reparaciones de equipo, cancelaciones de eventos o temporadas bajas, contar con una reserva de contingencia financiera puede marcar la diferencia entre entrar en pánico o mantener tu impulso.

Aquí tienes pasos prácticos que puedes seguir desde ahora para construir esas defensas y reducir las sorpresas cuando algo salga mal.

¿Por qué importan las reservas de contingencia financiera?

Credit card fees. Merchant fees. Processing fees. Whatever you call them, they can quietly drain the profit from performance shops, race teams, and service-based businesses.

In this video, Ashley breaks down:
• What merchant fees really cost
• Whether you can legally pass fees to customers
• The difference between surcharges and cash-discount programs
• Why your processor deposits rarely match your QuickBooks numbers
• How proper reconciliation keeps your margins accurate
• Why this is work you shouldn’t be doing after hours

If you want help reviewing your payment setup or making sure your processor deposits match your books, reach out to A&L Bookkeeping. We can help you protect your profit and clean up fee-related confusion.

#bookkeeping #merchantfees #creditcardprocessing #smallbusinessfinance #autoshopowner #performanceshop #raceteambusiness #quickbookshelp #cashflowcoach #profitfirst #teamaandl #dragstripbusiness

Why race teams and performance shops feel “busy and broke” at the same time — and what you can do about it

If you run a performance shop, race team, or parts-based business, you already know what it feels like to walk into the shop and see fully stocked shelves. It looks successful. It feels successful. Customers see rows of parts, engines, and components and think, “Dang — business must be booming.”

And as the owner, it’s easy to think the same thing:

“Look at everything we have in stock — we’re doing great.”

But here’s the reality that surprises a lot of business owners the first time they hear it:

Inventory is not cash. It’s not revenue. And it’s definitely not profit.

Until that inventory sells and is properly recorded in your accounting system, it’s simply money sitting still — money you can’t spend, can’t take home, and can’t use to pay bills.

Payroll mistakes can happen to any small business — missed paydays, miscalculated hours, or payroll taxes that didn’t file when they should have. The impact can ripple fast: legally, financially, and emotionally.

Ashley from A&L Bookkeeping and Accounting explains what really happens when payroll goes wrong, how to prevent common errors, and why it’s critical to have the right systems in place.

Even with great software, payroll errors are inevitable — but our clients benefit because we catch and correct them early, before they ever turn into missed checks, tax penalties, or employee headaches.

✅ Learn the most common causes of payroll errors
✅ Understand the legal and tax risks of late or incorrect payroll
✅ Follow A&L’s simple payroll accuracy checklist
✅ See how our payroll review process protects your team and your bottom line

Scaling a business is exciting, but growing too fast can lead to financial strain. Learn the essential cash-flow checks, cost planning, repeatable processes, and KPI benchmarks you need before adding staff, opening a second location, or expanding your race team. Grow smart with A&L Bookkeeping.

Learn how to trace and fix cash flow leaks in your business with a step-by-step detective-style approach. Discover how to review bank statements, AR, AP, and transaction errors, plus when it makes sense to outsource bookkeeping. A&L Bookkeeping helps small businesses gain clarity, protect cash flow, and prevent future financial issues.

Discover how monthly bank reconciliations can do more than catch errors—they can reveal when your business is ready to grow. Learn to spot financial red flags and green lights, improve bookkeeping accuracy, and use your reconciliation reports as a roadmap for scaling your small business with confidence.

Feeling like your books are a mess? Learn how to reset messy accounting mid-year: spot red flags (unreconciled statements, uncategorized entries), plan cleanup steps, prioritize bank/AR/AP fixes, and build systems so this doesn’t happen again. Avoid tax errors, bad decisions & surprise liabilities. #SmallBiz #BookkeepingCleanup #AccountingRescue #InternalControls

Discover why internal controls are critical for small businesses — even with trusted staff. Learn how human error can cost thousands, how to set guardrails (segregation of duties, approval workflows, surprise audits) and reset weak financial systems. Avoid costly surprises and protect your business. #SmallBusiness #InternalControls #Bookkeeping #BusinessRisk

Planning to expand your racing business or open a second location? This post walks you through the financial prep you can’t skip: building reserves, forecasting growth, systematizing operations, cutting overhead, and tracking key metrics. Learn how to scale smart & protect your bottom line. #SmallBusiness #RacingFinance #BookkeepingGrowth

Discover smart financial safety nets for drag-racing pros and small business owners: build emergency funds, forecast cash flow, cut overhead, and plan for unexpected repairs or cancellations. Learn how proactive bookkeeping & advisory help protect revenue, stabilize finances during slow seasons, and avoid financial surprises.

Discover why monthly merchant deposit reconciliation is critical for drag-racing shops & small business owners. Prevent lost revenue, uncover missing funds, manage chargebacks & fees, improve cash flow & streamline CPA prep. Learn how professional bookkeeping services can recover thousands & safeguard your finances.

Prepare your drag-racing or small business for a smooth year-end with expert bookkeeping vs CPA strategies, quarterly tax advisory tips, proactive cash-flow advice, and communication hacks to streamline tax season prep and minimize surprises.

Is your business making money… but you still feel completely drained—mentally, physically, emotionally?
You’ve got the clients. You’ve got the work. You’re keeping the doors open. But behind the scenes? You’re exhausted.

You’re missing time with your family. You’re staying up late stressing about money. You’re not sleeping. You’re not delegating. And vacations? Forget it.

Sound familiar? It did to me, too.

The Hidden Cost No One Talks About

Most business owners only think about costs in terms of dollars—payroll, rent, equipment, tools, marketing. But what about the cost of you?

What’s it costing you to run in survival mode 24/7?
What’s it costing you when the business is barely manageable instead of truly thriving?

That burnout is real—and the longer you ignore it, the closer you get to walking away… or crashing hard.

Your Financials Tell the Real Story

These reports aren’t just numbers—they’re your business’s dashboard. They tell you:

• Are you pricing your work correctly?

• Are you spending too much on overhead?

• Is that new hire really paying off?

• Can you afford that new piece of equipment?

• Is your business truly profitable, or just busy?

You can’t answer those questions based on gut feeling alone. Sometimes your gut is right—but the data will tell you for sure.

At first glance, hiring a QuickBooks Live expert in addition to your current bookkeeper or accounting contractor sounds like a great idea. What’s the harm in a second set of eyes, right?

Unfortunately, we’ve been seeing more and more small business owners try this—and instead of helping, it often creates confusion, unnecessary rework, and extra costs.