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Small biz likes credit unions over big banks: Survey

Auto Service World

Canadian small businesses continue to be more satisfied with credit unions than with the Big Five banks in terms of overall service quality.

Banking 297
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Organizing The Financial Records for a Smooth Tax Filing

AutoShopOwner

Bank Statements Bank statements provide a record of all transactions that pass through your business bank accounts, including deposits, withdrawals, and electronic transfers. Remember to reconcile your bank statements regularly to ensure accuracy. sales invoices, purchase invoices, bank statements).

Banking 130
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Jim Farely X Patrice Banks

Girls Auto Clinic

Patrice Banks, CEO and founder of Girls Auto Clinic, sat down with Jim to talk about what DRIVES her to build a business around women in the automotive industry. In May, Spotify launched DRIVE with Jim Farley, an exciting and inspiring podcast with Jim Farley, CEO of Ford.

Banking 130
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Canada takes big step forward on right to repair

Auto Service World

In mid-October, members of Canada’s auto care industry urged for the passage of both bills during testimony to the Standing Senate Committee on Banking, Commerce and the Economy, citing the importance for Canada’s automotive aftermarket.

Banking 245
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WARNING! Check you bank accounts daily!

AutoShopOwner

The other day, I checked my online personal bank accounts from my phone app. After a phone call to the bank, they informed my that this charge was a mistake. The bank put a stop payment, and the next day I got my money back. The bank put a stop payment, and the next day I got my money back.

Banking 100
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Sun Auto Tire & Service Raises Over $17,000 for Feeding America Food Banks

Tire Review Magazine

Sun Auto Tire & Service announced that its network raised over $17,000 for 35 Feeding America food banks. The network will distribute the funds to food banks in communities served by Sun Auto nationwide. By raising funds for local food banks, were helping to ensure families have access to the meals and resources they need.”

Banking 40
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Should you start a new shop or buy an existing one?

Auto Service World

A lot of banks aren’t going to give [that loan], Demarest said. The only shop that may be on the market may be one thats too successful. For example, say the shop is netting $1 million a year. With a top-end multiplier, that shop would be valued at $3 million. Do you have that cash?

Banking 246