Printer Friendly Version

March 2008

Better Accounting for Auto Dealerships Starts with Attention to Monthly Reconciliations

By Marc S. Dickler, CPA

mdickler@mbafcpa.com

For many auto dealers, it is all too common to find the task of monthly reconciliations at the bottom of the list of accounting priorities. But dealerships looking for sound financial performance know that every gear of the business – even the smallest – must be running smoothly for ultimate success. It’s not enough to know that your dealership is moving forward; you need to know that the machinery that’s driving you there is in the best possible working order.

Dealerships can protect the bottom line and improve efficiency by paying close attention to monthly reconciliations, including bank reconciliations, inventory reconciliations and vendor reconciliations.

Click here to read the rest of this story >>>