If you struggle with JE’s, all you need to remember is DEALOR
I have seen way too many posts about struggling with JE’s lately I had to do this. It amazes me this isn’t the first thing taught in every accounting 101 class. Absolute life saver and is the …
what is the best way to remember your credits and debits?
Feb 18, 2023 · Expenses: debit expenses that you incurred while earning the Revenue. That is the matching principle and basis of accrual accounting. Revenue (Less) (expenses) gross …
best accounting software for car dealers : r/Accounting - Reddit
Feb 4, 2022 · This software will not just simplify the documentation process and accounting operations but will also provide real-time reports on your client’s inventory. Xero is also a good …
WHY ARE DEBITS AND CREDITS SO CONFUSING SOMETIMES : …
Aug 31, 2023 · Heres an acronym to help you remember for you DEALER: debits increase dividends expenses & assets : credits increase liabilities equity and revenue
Basic Question: Debits and Credits : r/Accounting - Reddit
May 13, 2012 · There isn't an overarching premises per se. Accounting is an artificial construct & some of the basic starting points are pretty much arbitrary. Nonetheless they work as long as …
Is accounting in the dealership world par for the course or a
Nov 29, 2022 · Is accounting in the dealership world par for the course or a unique field of accounting? I worked in AP in a dealership setting (that was part of a national chain) for a few …
What does a dealer pay for a demo car? : r/askcarsales - Reddit
Sep 10, 2023 · Rent, salaries, accounting, phones, computers, software, etc... a portion of the daily operating expenses gets factored in to every car.... The only important thing is: is the car …
What is a "Pack" and how is it used? : r/askcarsales - Reddit
Jan 4, 2022 · This is how a dealer can "sell a car at a loss" and it still be profitable, and is largely the pricing strategy behind most volume based dealers. You make you money on pack, doc …
How to understand DEAD CLIC : r/ICAEW - Reddit
How to understand DEAD CLIC lol help. None accounting background and really not understanding this. If anyone can send anything that helped them understand debits and …
Best and friendly accounting software for used car dealer? : r ...
May 6, 2020 · I use Frazier for DMS and quickbooks self employed for accounting. I log all vehicles and parts as materials/inventory and all deposits as income. I link my business bank …