DealersEdge Professional Forums

At least here at my dealership, stocking up on parts we sell the most based on the thought that they are going to go up in price would only show up on the LIFO report as appreciation in inventory value once GM does the monthly price tape update which does not get applied in anyway as profit for the ...

Not sure of the legitimacy of this post but I’ll play along for the fun of it.

Number one request would be since GM is pushing so hard on one time use parts to do proper repairs. How about when you add the root part to a shopping list, have it automatically give you all the vin matched part ...

We did get it resolved. I plead my case to the controller who then turned around and contacted our CPA. Got our gross back to where it should have been just before the financial was submitted to GM. Put the write off to the 13th month. All is well will counter commissions now.

There's no way that should affect Gross Profit/Income (line 2, page 4)

Did she have you write an invoice with everything on it at $0? That's the only way I could see that happening. That would create artificial demand for those parts that RIM may pick up and as you said kill your gross.

I think ...

Maybe I'm misunderstanding this. We decided to write off about 50k in obsolete parts at the end of the year. They pulled that number directly from gross sales when finalizing the GM statement. I believe that should only come off net for the month and not the gross. It killed the percentage of sales ...

We are on Dealertrack as well. Not sure if this is a good way to do this but instead of doing an inventory adjustment on a part we have a count discrepancy on I create a internal counter ticket and bill it to the 688 account at cost. Thus relieving the inventory and creating a entry on the ...

How long have you had the parts that you are trying to do the CSO11 returns on? I believe you only have 12 months to return parts using that option.