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I have a question for all the GM guys and gals out there. Which account is your reimbursement from the GM tire price match going into? We have more than a few of them and I'm starting to believe that I may not be seeing it coming back into the right account.

We put ours right into 687

RWG78 wrote:I have a question for all the GM guys and gals out there. Which account is your reimbursement from the GM tire price match going into? We have more than a few of them and I'm starting to believe that I may not be seeing it coming back into the right account.

You should see it on you parts invoices, we put into 687.

We put our credits back into account #690 because you are taking a loss in that account when you lower your sale price of the tire thus lowering your gross profit margin. I choose to put the credits
back into 690 to recover some of the original loss.

when we price match we don't mark the tires down we bill the tires out at gm list the difference go to service aftermarket warranty account, then when we get the credit it relieves the aftermarket schedule

Fixed Ops Mgr wrote:We put our credits back into account #690 because you are taking a loss in that account when you lower your sale price of the tire thus lowering your gross profit margin. I choose to put the credits
back into 690 to recover some of the original loss.

We do this also.

smoyer wrote:when we price match we don't mark the tires down we bill the tires out at gm list the difference go to service aftermarket warranty account, then when we get the credit it relieves the aftermarket schedule

DOES YOUR SERVICE DEPARTMENT GET HALF OF YOUR PROFIT? THEN I WOULD SHOW THE LOSS AND TAKE THE 687 LATER ALL TO MYSELF.

ON ANOTHER NOTE MY GUYS GET PAID ON THE PROFIT OF SOLD PARTS. SO WHEN WE SHOW A LOSS FROM A PRICE MATCH (TIRES OR BTC) I PAY THE PARTS SALESMAN AT THE END OF THE MONTH.

olepartsguy wrote:

smoyer wrote:when we price match we don't mark the tires down we bill the tires out at gm list the difference go to service aftermarket warranty account, then when we get the credit it relieves the aftermarket schedule

DOES YOUR SERVICE DEPARTMENT GET HALF OF YOUR PROFIT? THEN I WOULD SHOW THE LOSS AND TAKE THE 687 LATER ALL TO MYSELF.

ON ANOTHER NOTE MY GUYS GET PAID ON THE PROFIT OF SOLD PARTS. SO WHEN WE SHOW A LOSS FROM A PRICE MATCH (TIRES OR BTC) I PAY THE PARTS SALESMAN AT THE END OF THE MONTH.

everyone in parts here gets paid on parts and service , so we don't have to worry about all that split non sense