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Conclusion
It is through good management techniques that we control
our department’s financial well being. However, we can never
lose sight of the fact that pennies add up to dollars. In just six
accounts we have lost the opportunity to generate another
$52,600 per month. That is a very handsome annual total of
$631,200. These numbers are based on a retailer with a shop
that consisted of 8-10 service bays imagine the results of a much
larger shop. As a manager we must continually monitor where
our money goes and measure it against benchmarks. It is easy
to let these controls slip away which is why we must constantly
look at generated reports and financial statements in order to
assist us in managing a profitable department.