Accounting

April 10, 2019 Accounting

Do You Know What Your Controller Isn’t Doing?

  Recently, I was speaking with a dealer about issues related to his accounting office, and he asked me, “How do I know my controller is doing the job I hired her for?”  Without giving away details of that specific conversation let me share some of the key points of that conversation. The first was

January 16, 2019 Accounting

Peeling Back the Layers of Your Financial Statement

    Isn’t it about time you peel back the layers of your financial statement? Your factory financial statement might look perfectly fine, but if you don’t peel back the layers of your financial statement, you may miss some signs of rot that you will want to kick yourself for later. When a dealer calls

January 3, 2019 Accounting, Inventory, Training

“Dude, Where’s My Car?”

  While I have never seen the movie “Dude, Where’s My Car?” it is the appropriate title to emphasize why it’s important to conduct physical inventories of your vehicles on a regular cycle. Once a year is simply not enough. I’ve worked with stores that have a really good process in place so that someone