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At first glance, you might think this is a post about how sharp and speedy the dealership accounting team should be - like some high-stakes, calculator-wielding pit crew. But no. This isn’t just about them. Sure, they’re in the equation (and yes, they’ve color-coded the equation), but the real power player here is operations. You know, everyone else in the store. If it’s taking you ten business …
Continue Reading about The Super-Simple Mindset for a Dealership Accounting “3-Day Close” →
There are three things we pride ourselves on in the dealership accounting office: clean schedules, surviving month-end without weeping, and being able to calculate unapplied labor faster than a service advisor finds a pen. What we’re not always great at? Cross-training. It’s not that we’re stubborn. (Okay, maybe a little.) It’s just that once someone learns to reconcile the bank or factory …
In every dealership I’ve ever walked into, there’s always one room that feels like the engine of the whole place. No, not the showroom, not even the service drive. It's the accounting office. It’s usually tucked away in a corner, behind glass doors that don’t quite close right, humming with printers, sticky notes, and the occasional sigh of someone trying to make sure they have all the receipts in …
Continue Reading about A Car Dealer’s Guide to Reconciliation Best Practices →
Financial IQ in a dealership is like knowing how to swim before jumping into the deep end of the pool. Yes, you can still jump without it, and yes, the lifeguard may dive in after you, but everyone ends up wetter, crankier, and wishing they’d chosen another activity. For a General Manager and a Controller, understanding financials isn’t just a nice-to-have; it’s what allows them to make decisions …
Continue Reading about Raising Dealership Financial IQ is Key to Higher Profits →
