Have you ever worked for a dealership whose financial records were audited by the government? It can be a real mess and if those records weren’t kept up the way that they should have been, it can be more than a nightmare: it could mean the end of the business or, in extreme cases, even jail time. In other words, those financial records are nothing to mess around with and in order to avoid something detrimental to your dealership business from occurring, you want to make sure your records are accurate and readily available.
Big Brother Is Watching
As Americans, we have become accustomed to having the government looking over our shoulder no matter what it is we are doing. Sometimes, we feel the breath of Big Brother on the back of our neck, they are there so often and close by. When it comes to your finances, you can bet that the government is concerned with getting their piece of the pie and if they think you may be holding out on them, you can be sure that they will be there quickly to make sure that they get what they feel is coming to them. When they get there, you will want to make sure that you can prove that you have indeed provided them with their necessary cut and if you have a software system that can accurately track your finances, this can be a simple matter.
Let the Software Do the Work
If you are using a car dealership software system, you likely have the financial records built right in and can access those files at any point in time. This software can mean the difference between the tax man being sent away angry that his attempt to wring more blood out of your business’s stone came back unsuccessful and him celebrating while you are led away in handcuffs. Financial mistakes are very rarely seen as mistakes, instead leading the government to believe that you were attempting to be deceptive or dishonest. By utilizing a software that has bookkeeping software built into it, you are doing what you can to be as safe as possible.
No one would argue that keeping track of a business’s financial records can be a bit tedious and complicated, even with a software program that does most of the work. In order to know where your business is financially at any point in time, you also need someone who has a knowledge and background in bookkeeping to run that program. If you have the right system in place and the right person to interpret and keep track of your financial records, you can avoid plenty of big problems down the road.