Bookkeeping

This process is particularly important due to the high volume of financial transactions that occur within a dealership, including sales, financing, service, and parts. Reconciliation acts as a safeguard against errors that may have occurred during the initial documentation process, such as data entry mistakes, reversed numbers, or calculation errors. By conducting regular reconciliations, dealerships can quickly identify and rectify these errors, ensuring that financial records accurately reflect the true financial position of the dealership.