DealersEdge Professional Forums

How do you handle the tire price guarantee on your DMS? We use CDK Drive. We are showing the sale at a loss on the repair order, when the credit comes in the amount is applied to the cost of sale - supposedly fixing the loss and then showing the appropriate profit.

Thoughts?

I charge it out on the RO for the matched price. When I get the credit from GM I put it all to 68700.
You can also figure out the difference for your 24200 account to make 24200 based on the cost of the tire(s) whole; however I just put it all to profit since I am always way over in 24200 for my physical inventory and I get paid off of profit

I bill it out at the price matched price. I don't change the cost. When the credit comes in it all goes to 687.

I do exactly the same as Bucko21

I do almost the same but instead of 68700 I put the credit to 69000 so it offsets the loss and my tire account shows the true gross profit percentage made over the course of the year.

same as them. Sell at match price (leaving cost alone) and goes to 687