All industries
Accounting for automotive
Dealerships and auto businesses carry large inventories, financing costs and manufacturer reporting requirements. Small errors in any of these areas can become costly.
Common challenges we solve
Inventory valuation
Vehicles and parts valued correctly at month-end, so your profit and your lender's numbers line up.
Manufacturer financial statements
Monthly statements prepared in the format your manufacturer requires, on their deadline.
Cash flow and floor plan costs
Tracking floor plan interest and aged units, so slow-moving stock does not erode your margins.
Frequently asked questions
How should parts inventory be valued?
Under Canadian accounting standards for private businesses, inventory is valued at the lower of cost and net realizable value. Obsolete or slow-moving parts are written down so your books reflect the true value of your stock.
Free consultation, no obligation