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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):
Stephen
James,
CPA, CGMA,
Chief Financial Officer,
Allegiance Trucks