BHPH Solutions www.dealers411.net

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BHPH Solutions www.dealers411.net

Discuss solutions for dealers getting into BHPH or thinking about it.

Website: http://www.dealers411.net
Location: Crystal Lake, ILL
Members: 126
Latest Activity: Jul 30

Discussion Forum

Using SMS Text Messages for Collections

Started by Dominic McWhorter Aug 23, 2012. 0 Replies

Best practices: collections

Started by Rob Hagen. Last reply by Frank Dec 8, 2011. 7 Replies

How many collectors should we have per # of customers?

Started by Mike "BK" Anthony. Last reply by Brad Sutterfield Apr 29, 2011. 4 Replies

Comment Wall

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Comment by Gene Daughtry @ Dealers411.net on July 30, 2014 at 6:09pm
they do throw a great convention and yes the automated report feature is nice when using quick books. when we used Autostar we stopped having to run reports on night of close when using their accounting.
Comment by nathan king, cpa on July 30, 2014 at 11:21am

To take it further, Autostar has its own accounting module but also has a quickbooks download that's automated.

Last Sept they introduced the ability to preset future dates, times and frequency of report generation and when the time hits, the pdfs are emailed to the company and the CPA. In other words today I can preset Autostar to run the 10 or 12 reports I want monthly for the rfc or the dealership and at 12:30 am on the first day of every month my client and I see them in our email inboxes. It can be done daily, weekly, whatever. Since most reports from any database software are only accurate if run current day, it's a huge leg up and timesaver. And they throw great software conventions--right Gene?

Comment by Gene Daughtry @ Dealers411.net on July 30, 2014 at 9:29am
hey Dugan,
Auto Master Systems, Frazier, Finance Express, Wayne Reeves all integrate well with accounting systems and are user friendly.
AutoStar Solutions, Deal Pack have their own accounting modules and also will integrate if you chose.
Comment by Dugan Anderson on July 30, 2014 at 9:22am

Gene,

I have a client in MT who is looking for a new computer system.  Are there any out there that you can recommend that will handle the BHPH plus intergrate with (or have its own) dealership accounting software?

Comment by nathan king, cpa on December 7, 2013 at 8:31pm

thanks

Comment by Dugan Anderson on December 7, 2013 at 8:28pm

He is in Montana.  I will be passing this information on to him and let him know you would be interested in helping.  I will keep you posted.

Comment by nathan king, cpa on December 7, 2013 at 8:21pm

Tax time is coming. To the extent I'm not stepping on Gene's toes, I'd be glad to help in some fashion.

Is he in Montana or elsewhere?

Comment by Dugan Anderson on December 7, 2013 at 8:14pm

I consult with auto dealers, both franchised and independent, BHPH dealers, RV dealers, marine dealers, motorsports dealers and motorcycle dealers.  I help dealers to structure their businesses to maximize profits.

I look  at sales and grosses and the amount of money required to generate those sales.  Then using simple analysis tools I analyze past performances, develop forecasts for the future and track progresses moving forward.  Based on the analysis, I develop programs/processes with the dealer to allow his organization to capitalize on the oportunities that are highlighted in the analysis.  Simply put, I do what ever needs to be done to maximize the dealerships profit potential.

This inquiry concerns a potential client.  I have discussed with him the possibilities of me working with him, and in the process learned of his accounting methods.  By the way, he is currently using "self composed excel spreadsheets".  He needs lots of help.

Comment by Gene Daughtry @ Dealers411.net on December 7, 2013 at 2:18pm
Dugan if I can help with your client somehow let me know.
Comment by nathan king, cpa on December 7, 2013 at 2:09pm

Not to further confuse you about inventory and accrual basis vs cash basis, but your home state's Sen Baucus' tax proposal would allow per Kiplinger "More firms would be able to use cash accounting...those with gross receipts averaging $10 million or less in the previous three years, even if they have inventories..."

In other words as of right now cash basis for a company requiring inventories is not allowed.  even in Montana :) 

 

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