AUTOMOTIVE ACCOUNTING & CONSULTING FOR DEALERSHIPS
Getting your financial reporting and tax obligations done is the first step.
Whether you need audited, reviewed or compiled financial statements, we’ll prepare them under GAAP standards to satisfy lender requirements. Corporate income tax planning and preparation, and owner’s personal tax planning and preparation.
We consult on special projects that require particular industry knowledge applied to state taxation and IRS case law.
Our tax team is experienced in reviewing commission and demo reporting as part of payroll as well as issues unique to dealerships such as LIFO accounting and SWIM elections, Escheat reporting and the tax treatment of extended service contracts. In addition, we understand the management of dealerships and how it applies to succession and estate planning down the road.
CDK software & accounting issues? We have solutions.
Our automotive consultants, Dave Summers and Dixie Stanton, have over five decades of combined experience working in dealerships and are qualified to help you with your CDK software, including:
- Reporting functions: trend analysis and type of report to use depending on what needs to be researched.
- Setting up accounts, schedules and journals.
- Set up and training on CDK’s bank reconciliation program.
- Power Posting.
- Creating custom reports using the Report Generator function.
Get the most from your monthly numbers.
Day-to-day accounting tasks can eat up time better spent elsewhere. Whether you need monthly bookkeeping or a bit more guidance around your financials, our outsourced bookkeeping, controller & CFO services are customized to fit your needs.