Prepare and compete the monthly financial statement for submission no later than the 10th of each month. Interpret and analyze the statement on an on-going basis and report any findings to upper management.
Maintain effective practices and procedures to assure timely collection of all data needed to accurately record revenues, expenses, profitability, financial condition and other critical activities of accounting department.
Reconcile and balance operating accounts on a daily basis.
Accounting and posting all of EFT’s, wire transfers and ACH’s to match daily bank statements.
Responsible for journal postings of all new, used, wholesale and dealer transfer sales.
Calculating gross profit/loss, sales commission, and aftermarket products.
Reconciling of dealer floor plan, accounting for all units in stock, financed, and pending delivery. Payoff of vehicles on floor plan and adding of new units.
Reconciling daily deal logs, to show outstanding deals, funding issues, funding shortages/overages and payoff shortages/overages.
Issue loan/lease payoff checks for vehicles traded in.
Reconciling dealer financial reserve at the end of each accounting month from 27 lending companies.
Issue and close purchase orders for vendors, apply to correct accounts, and issue checks upon completion. Reconciling of all invoices to compare with statements.
Receipt monies received for vehicle purchases, down payments, rental properties, etc.
Complete daily bank deposits for all operating dealer accounts.
Balance petty cash on hand on a weekly basis.
Calculate monthly income and benefit amounts when submitting credit applications.
Schedule meetings and appointment for executives.
Assist customers with explanation of contract and lease agreements for purchased vehicles