As an automotive service consultant you will have the responsibility of helping your shop be more profitable by identifying which jobs will bring in more money. In order to understand how this is done, you will need a basic comprehension of accounting and pricing strategies. This program will help you understand accountings role in shop operations, so you can be on your way to becoming an ASE C1 certified service consultant.
AMI approved instructor George Witt makes cost accounting easy by teaching you procedures like gross profit per billed hour and the “net effect labor rate” and showing you how to apply them in your shop. George shows you how to identify your “moneymakers,” the jobs that make the most profit for your business. He gives you a formula to analyze which jobs lose money and gives you the pricing and marketing strategies to solve this problem.
This course covers equipment accounting and provides tips on managing your shop inventory. George explains how matrix pricing is used and how you can make it work for your shop. He also shows you how to eliminate steps that add cost but no value, how to use tiered marketing and much more. George also explains how to handle price shoppers, beat the price competition & deal with buying resistance.