Dealership Checklist for Year End 2017

2017 is almost in the books and, for most dealers, it is a similar story to 2016 with a few exceptions. As we look forward to 2018, make sure the following accounting, tax, payroll and other tasks are completed accurately and timely before you close the books on this fiscal year:

Inventory

  • New vehicles on LIFO
  • Inventory not on LIFO 

Other financial reporting items

  • Fixed assets and other repair items
  • Receivables
  • Accruals
  • Prepaids assets, accounts payable and other expenses

Other reminders

  • Demonstrators
  • Retirement plans
  • Health and life insurance premiums
  • Other miscellaneous items


To learn more, download the full guide.

Tags: Dealerships