Course Description
Course publication/revision date: This course was updated on 2/15/2024.
The accounting for a car dealership is quite complicated, since there are many profit centers, fixed assets, and employees, not to mention the large vehicle inventory. In the Car Dealership Accounting course, we cover all aspects of a dealership’s accounting, including the underlying accounting system, profit center reporting, and the accounting for all types of sales, expenses, liabilities, and equity. Dealership-specific topics include floorplan interest, contracts in transit, and factory receivables. The course also covers how to account for payroll and the steps needed to close the books.
