As dealerships continue to expand, the logistical and operational complexities of handling processes such as accounts payable, accounts receivable, cash flow, billing and payroll can become cumbersome and costly. More and more multi-store dealers are transitioning away from location-specific accounting functions in favor of a centralized service model.
1. Part one of this session will address the benefits that a centralized accounting model
can offer, including: improved efficiency and accuracy in reporting, strengthened internal
controls, appeal to potential buyers in a dealership sale and more.
2. Part two will cover
F&I process, breaking down of deals, compliance, titling, accounts receivable and cash,
accounts payable, warranty and rebate receivables.
3. The session will be capped with a
discussion on additional general items that dealers should keep in mind on an ongoing
basis surrounding a consolidated accounting center.