Expense What?
Holes in my SOX
Let's make a Deal
Let's Play a Game
Get it Fixed
100
The only items posted to this account are flowers and gifts for associates and family.
What is Miscellaneous (17440-17445)
100
The purpose of this review is to verify used vehicles are stocked in at correct value, the proper source document is used to determine the value and the vehicle is posted in the correct period.
What is the Used inventory Stock in Review.
100
The amount of time a car deal must be retained before it can be shredded.
What is 7 years.
100
Toni Ortiz
Who is the Corporate Controller
100
The maximum amount allowed at the start and end of the shift in any cash drawer.
What is $300.00
200
Carpet Cleaning, Janitorial Supplies, Pest Control and Plumbing Repairs are posted to this account.
What is Repairs and Maint-Real Estate (18030-18035)
200
This tool should be utilized to verify that items posted are in the correct accounts.
What is the Expense Classification Tool.
200
This is the maximum profit cap permitted on a GAP warranty.
What is $500.00.
200
The function used to reconcile the previous days bank activity.
What is AGRR
200
The age at which a service or parts receivable is required to be reserved, thus reducing the dealerships net profit by the amount of the receivable.
What is 91 days.
300
An account that is NOT to be used in lieu of COS adjustments for items that should have been included in a previous month deal.
What is Policy Expense (17171-17175)
300
This review must be completed, reviewed, approved and all corrections made on or before the 3rd business day or prior to submitting the dealership financials to the home office, whichever is sooner.
What is the Month End Bank Activity Review
300
This should always remain in the deal jacket for all re-contract deals.
What is the voided paperwork.
300
The account and journal vendor invoices are posted to once approved by the department manager.
What is 13000 journal 75.
300
The accounts used to record differences in warranty claims and the amount paid.
What is 17203 and 17205, or warranty claims adjustments.
400
Account used for the portion of sales consultants pay that exceeds earned commissions.
What is Sales Commission Excess Draws (17016-17017)
400
The timeframe that all reconciling items must be identified and resolved with sufficient back up for the New & Used Vehicle inventory Reconciliation.
What is 10 days or prior to the 25th calendar day.
400
This site is used to gain lender approval, verify funding, print OFAC, and research reserve differences.
What is RouteOne.
400
This is an important tool used to provide accurate information to management, regional and corporate team members. It is used to forcast month end results based on current month to date activity.
What is the DOC
400
This function must be ran at month end prior to reconciling the work in process schedule.
What is TKWP.
500
The account used for copier and service lift repairs.
What is Equipment Repairs and Maint (17400-17405)
500
The purpose of this process is to report any large errors that are identified at the store level subsequent to the monthly financial statements being submitted to the home office. Any error amount exceeding $100,000.00 in on GL account must be reported.
What is the Bubble Up Process.
500
The purpose of this is to provide a standard process for ensuring all documents required for compliance, legal, or SOX purposes are included in the deal. It is also used to verify and document that the sales revenue, cost of sales and receivable items match the F&I recap and general ledger posting.
What is the Deal Checklist.
500
-Accurate books & records with strong emphasis on expense management -SOX compliance -Operational Partnership -Inspirational Leadership -Associate Satisfaction
What is Financial Management Playbook mission Statement
500
The account used to record the liability for any unpaid labor for service technicians.
What is 13125.
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