Closing the month-end books in an auto dealership involves a series of critical steps to ensure accuracy, compliance, and completeness. Given the already chaotic accounting office, it’s crucial to establish a systematic process to ensure all steps are taken. Aligning with a vendor, like One View, who understands the importance of a proper month-end close, can ensure reduced opportunities for error. 

 Here are some best practices and tools to consider for effective month-end closing in auto dealerships: 

  1. Create Standard Operating Procedures (SOPs):
  1. Use Cross-Verification Checklist:
  1. Perform Regular Audits and Reconciliations:
  1. Ensure Digital Archiving of Documents
  1. Change Management Protocols:
  1. Data Validation Tools:
  1. Benefits of Archiving and Scanning:
  1. Regular Review Meetings:
  1. Continuous Improvement:
  1. Employee Training:

By combining a structured approach, well-defined processes, reliable scanning and archiving tools like One View, and a commitment to continuous improvement, you can enhance the efficiency and accuracy of month-end closing procedures in auto dealerships. Remember that a proactive and well-documented approach is key to mitigating risks associated with personnel changes and data conversions. 


Meet Us at AICPA: If you’re attending the AICPA & CIMA Dealership Conference, we invite you to stop by our booth # 105. Our leadership team will be available to discuss your scanning, archiving, data conversion, and document management needs. We understand the challenges faced by CPAs and controllers, and we’re here to provide solutions tailored to your client and your dealership’s requirements. 

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