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2022 AICPA & CIMA Dealership Conference

AUT2204 - Centralized Accounting Office - Best Practices for Consolidation


Oct 27, 2022 10:50am ‐ Oct 27, 2022 11:40am


Standard: $49.00

Description

As dealerships continue to expand, the complexities of handling processes such as accounts payable, accounts receivable, cash flow, billing and payroll can become challenging and costly. More multi-store dealers are transitioning away from location-specific accounting functions in favor of a centralized service model.

Learning Objectives:
  • Identify 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. We will also address challenges that groups face during the consolidation process.
  • Recognize best practices and questions to consider before moving towards a centralized model.

Speaker(s):

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