Accounting
More than once in the last few years, I’ve had to have a conversation with a dealer, that his CPA firm that is doing his taxes, is not doing what he thinks they are. Here’s how each of these conversations came up. DealerStrong was hired to help with an accounting issue, and in the
You woke up this morning feeling pretty good about life. The dealership is profitable, and you have minimal headaches compared to where you were several years ago. You arrive at the store feeling like the biggest issue you have to deal with today is the used car manager who wants to keep buying when
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
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
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
