DealersEdge Professional Forums

As an example buying a transmission at truckload price and using the lower cost to be able to sell the transmission at a competitive price. How do you change cost when receipting the part like you can in Reynolds? Or just do an IO sale with the adjusted cost?

one off deals I just change on the RO when I bill it.

Go to PM, then CHANGE. Change the cost before posting and don't forget to change the update code in that screen to NU so it does not update when the tape is run.

you could just sell the trans at the competitive price and take the loss of profit on the front end; while taking a purchase discount on the back end so the books match...

Been a while since R&R but changing cost when receipting doesn't do anything anyhow does it? When you go to sell part wouldn't it still show at regular cost?

Regardless, I would standard receive, assure proper actual cost posted in accounting and override cost when billing.

I would not change the cost of the part in your DMS. Just put the discount amount right to 68700 so it instantly goes to profit and then you can sell the part normally.

The problem with that is that by basing my selling price off of the discounted cost, I can still make a good $300-$400 on the sale and be competitive with the surrounding dealers. Especially the big ones that have the truckload trannies in stock. I've done it for years but I was on Reynolds.

I don't think it hurts anything by reciepting it as the normal price, as long as your invoice and your paperwork to accounting show the cost you used.


That said, you can do it like this.

GM 19328925

Cost 2,159

Dealer selling at 14% back = 1856.75

Say I wanna make $200

Sell on invoice at cost = 2159, sale = 2056.75

Accounting on invoice 24200= 2159, 68700 = <302.25>

Your percentages get hit (so use a wholesale account or something) but you're still making the money.