Welcome back! The third part of my series relating to the 2011 AICPA National Auto Dealership Conference will focus on the breakout session that I attended titled “Internal Controls: Preventing and Detecting the Dreaded “F” Word” (the “F” word would … read more
According to the Association of Certified Fraud Examiners, U.S. businesses lose $660 billion each year to embezzling. The unfortunate reality is that this figure is most likely much higher. Many businesses don’t report the crime because they are too embarrassed … read more
On October 30, 2009, The Federal Trade Commission announced it will delay enforcement of the Red Flags Rule until June 1, 2010. The enforcement of the rule had been previously delayed until November 1, 2009 however the U.S. District Court … read more
Dealership accounting is such a specialized area it can be difficult to find the information you need to run a dealership business. As a service to our clients, and other interested parties who are involved in or in need of dealership accounting, we'll gather all of the information for you. We ' ll keep you up-to-date on the latest laws and regulations and we will even add our own personal insight into what else is occurring in the dealership world. We will provide these posts weekly and hope to get your input and feedback on the various topics. We will also share that feedback with others, as we find appropriate. We hope you find it informative and worthy of your time.
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- Dealership Employee Policy Manuals
- Checklist for Deal Jackets
- Parts Inventory Counts
- Floor Plan Reconciliations
- Timely Bank Reconciliations
- Petty Cash for Dealerships
- Dealership Buy/Sell Activity
- Estimated Tax for C Corporation Dealerships
- LIFO Vs. FIFO for Dealerships
- The Difference Between Prepaid and Accrual Expenses