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Parts inventory costed correctly, core charges tracked as liabilities, and flat-rate technician payroll done right under FLSA. Warranty claim receivables reconciled, and a live dashboard showing labor margin vs. parts margin — so you know which side of the bay is making you money.
Free intro call. Instant estimate in about two minutes. No pressure, no spam.
Real notes from real clients, sent after we cleaned up their books. The names and the outcomes are theirs.
"THANK YOU SO MUCH!! I have been looking for a true finance partner like this!"
Three years of books rebuilt clean. Monthly close now lands by day 5.
"Phenomenal working with Turnkey CFO. Our finances have never been clearer."
Giving trends, fund balances and ministry spend, finally visible to leadership.
"Really encouraging to see everything tied out at the bank and the adjustments all traced. Great work."
A full deep dive on one account, every adjustment traced back to the bank.
"You have been unbelievably helpful!! THANK YOU."
Multi-fund nonprofit books cleaned up. Monthly close cut from three weeks to under one.
"Turnkey handles all of it and I never think about the books. Easiest decision we made."
Full books and reporting, handled end to end.
"Multiple companies, and every set of books is clean and current. They just handle it."
An 11-company group closed every month, entity by entity.
"Thanks Ricky. You're the best."
A monthly financial dashboard the whole leadership team actually reads.
"The budget and dashboard work has changed how our team leads."
A full 2027 budget build and a live dashboard for the whole church.
"Thank you so much!! This is all great. I really appreciate it!"
Payroll handled end to end, questions answered the same day.
"Clear, on time, every month. Exactly what we needed."
Monthly P&L and balance sheet, delivered on schedule.
Turnkey CFO is a bookkeeping firm in Austin, Texas, built for auto repair shops and service centers. We handle parts inventory costing, core charge liabilities, flat-rate technician payroll, warranty claim receivables, and labor-vs-parts margin reporting — so you manage the shop on real numbers, not the bank balance. Tax filing stays with your CPA.
Stop running the shop on the bank balance. Every month you get a live view of what's actually driving profit — labor, parts, and the cash tied up in warranty claims.
Repair-order margin and payroll, reconciled monthly.
Accurate categorization of parts cost, labor, sublet repairs, overhead, and all operating expenses. Full monthly close with P&L, balance sheet, and commentary — so you know where the money went and whether labor or parts is driving margin this month. See all services
Parts inventory tracked as a current asset and costed using FIFO or average cost. When you receive a shipment it's an asset on your balance sheet; cost of parts sold moves to the income statement only when the part leaves on a repair order — so you can see parts margin on its own and know whether your markup is holding against supplier price increases.
Core charges collected from customers are a liability — you owe the money back when the core comes in. We record every core charge as a current liability at collection, reduce it when the core is returned to the supplier, and reconcile the balance monthly against supplier credits so your books are never overstating revenue on cores.
Flat-rate pay under FLSA requires that weekly total compensation divided by actual hours never drops below minimum wage. We track flat-rate units earned, actual hours, and guaranteed minimums — and catch any pay period where the effective rate falls below the floor, documenting the guaranteed-minimum payments so your payroll records stay clean.
Manufacturer and extended-warranty claims create receivables — reimbursement at their rate for parts and labor, often weeks after the repair. We set up each claim by VIN and repair date, track aging against the manufacturer's processing window, reconcile payments when they arrive, and flag anything aging past 45 days for follow-up.
Revenue and cost of sales split between labor and parts — so you see two distinct margin lines every month. Know whether a drop in overall gross margin is a parts pricing problem, a labor efficiency problem, or both. Actionable data, not just totals.
Labor margin %, parts margin %, outstanding warranty receivables, cash flow forecast, and payroll summary — updated monthly so you're managing the shop with real numbers, not the gut feeling you get walking the bays.
When you sublet a repair (alignment, glass, transmission rebuild), you pay a vendor and charge your customer a markup. The vendor invoice is a cost of sales item and the customer charge is revenue — not a net. We record both sides so your sublet margin is visible and revenue is never understated. Buried in months of receipts? We handle catch-up bookkeeping too.
We learn your shop management software, tech count, warranty relationships, parts suppliers, and where the books are currently breaking down.
Parts inventory account, core charge liability, warranty receivables, labor vs. parts revenue split, and sublet repair accounts — all built before we touch a transaction.
Full close every month with labor margin, parts margin, warranty receivables aging, and cash flow forecast — so you're running the shop on real data.
Get your instant estimate, then book a 15-minute call to talk through fit and scope. No pressure, no sales pitch.