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Dealership Accounting Training Manual Form

Dealership Accounting Training Manual Form

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Instructions and help about dealer accounting procedures manual

so I've gotten some requests for how to set up QuickBooks Online or QuickBooks in general specifically to handle inventory for a used car dealership so I'm gonna do this walkthrough and basically do the setup for two different scenarios one where you purchase the car outright and the second scenario where let's say you have a line of credit with some vendor like let's say an auto auction and they extend you that line of credit and you use that to get your inventory and then you have to make payments on your inventory to the vendor and then pay off what you owe to them on the vehicles you purchase once you sell the vehicle so right now I have the sample company set up the only real accounts that I have set up so far is an Operations checking account that has currently a hundred thousand dollars on it so let's go ahead and go through the setup first of all with some of the accounts you're gonna need first of all we need to set up an invento

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