DealersEdge Professional Forums

Hello I have Reynolds and have a question about writing a purchase order. Here is the example.

We pick up part from another local dealer, pay more for the part. Usually the 15% over. If it is customer pay what I did in the past was just input part number and not mess with the cost and then once you hit "o" to go to the "687/688" screen I would then do my plus or minus out of 687. But I was just thinking today if I am b15 on the ticket so the customer is paying what we paid cost anyway do I have to take the hit on 687. Or can I just put the part # in and change the cost to exactly what we paid for the part? Hopefully I am explaining this enough to make sense to someone out there. I just not sure if im hurting myself the way of have been doing it in the past. Please any input would be great

Change the cost on PO to reflect what you paid for part. Change cost on repair order to what you paid for part as well. If its warranty you get reimbursed but CP we mark part up whatever extra we paid for it when we bill it.

Totally agree with Whoparted.

what they said....... cost on the RO gets changed to what you paid and the PO reflects the same cost.

I was always told to sell the part at "book cost". Then I made a notation on the slip for accounting to post the difference. Not sure if was a Honda thing or the office managers idea.

John

WhoParted wrote:Change the cost on PO to reflect what you paid for part. Change cost on repair order to what you paid for part as well. If its warranty you get reimbursed but CP we mark part up whatever extra we paid for it when we bill it.

This is one of the fastest ways to create an inventory/GL imbalance; Jaybee is spot-on with his process .