BUMP THE COMP QUESTION

[MIKEGRNWD]

How do you all do the accounting when it comes to the bump parts?
We have a new owner here who is looking at the gross % and the way we have done it in the past is not giving a true % of our gross on the daily doc.
We would bill the part on a parts invoice at the bump price and not touch the cost. This would make the selling price less then cost. When I got the credit invoice from GM, I would put the credit amount equal to cost as 242 and then take the rest into 687.
Is there a better way that is working for all of you so on the daily doc your gross looks better?
Thanks

[mdishong]

Great question! I myself put to 069F to offset the cost of OEConnection & other outside service expenses. Looking forward to seeing how others handle the account.

[DMSOUTH]

I put mine to 6406 which is used for this only, so it's easy to add to the wholesale gross and see where I'm at.
For the daily doc, I suppose you could put it to 683 to give a more accurate figure......

[TimK]

I change the cost and sale price on the ticket and then apply the credit to 242.

[CMayne]

MikeG; I've been doing it the same way, seems to work out as long as you can see the difference between your "true" 687, which is actually NOTHING since the start of SLP (thank you GM). 687 Goes directly to your gross profit so it plays out the same.

[WhoParted]

I do it the same way as well, except I use 242 & 683 account.

[MIKEGRNWD]

Thanks for the replies! I think following WhoParted (great user name) will work best for what I am trying to accomplish.

[GM-gta]

I bill the part out at bump price not changing cost, so taking a loss.
When the BTC credit comes in i put it again wholesale cost of sale so my statement will show my true wholesale gross %.

[gully]

I've been putting the credit to 683 as well. No adjustments to cost. Which is fine if you only do BTC with wholesale but I have an internal body shop too. It got to be too messy splitting the credit to different accounts so I just leave it to 683.

[MultiLineManager]

I change the cost and sale price on the ticket and then apply the credit to 242.

This is how we do it as well. My ownership is really big into not only my GP% but my individual wholesale accounts GP%. This is the only way I fond to properly track both.