AUT2204. Centralized Accounting Office - Best Practices for Consolidation
As dealerships continue to expand, the complexities of handling processes such as accounts payable, accounts receivable, cash flow, billing and payroll can become challenging and costly. More multi-store dealers are transitioning away from location-specific accounting functions in favor of a centralized service model.
Learning Objectives:
- Identify the benefits that a centralized accounting model can offer, including: improved efficiency and accuracy in reporting, strengthened internal controls, appeal to potential buyers in a dealership sale and more. We will also address challenges that groups face during the consolidation process.
- Recognize best practices and questions to consider before moving towards a centralized model.
Date/Time
–
CPE Credits
1.0
NASBA Field of Study
Specialized Knowledge
Level
Basic
Prerequisites
1-2 Years in the Profession