1. Financial Reporting and Analysis
- Prepare and analyze monthly, quarterly, and annual financial statements.
- Review dealership accounts, ledgers, and financial records to ensure accuracy and compliance with accounting standards.
- Generate and present financial reports to management, highlighting key metrics, trends, and variances.
2. Budgeting and Forecasting
- Develop and monitor budgets for the dealership’s various departments, including sales, service, and parts.
- Prepare financial forecasts to support management in decision-making and strategic planning.
3. General Ledger and Reconciliations
- Maintain the general ledger, ensuring all transactions are properly recorded and classified.
- Perform monthly reconciliations of bank accounts, manufacturer statements, and other financial accounts.
4. Accounts Payable and Receivable
- Oversee processing of accounts payable and accounts receivable, ensuring timely payments and collections.
- Monitor outstanding balances and follow up on overdue accounts.
5. Inventory Accounting
- Track and reconcile vehicle inventory, including costs associated with purchases, sales, and adjustments.
- Ensure proper recording of parts inventory and reconcile any discrepancies.
6. Compliance and Audits
- Ensure compliance with local regulations, tax laws, and internal policies.
- Prepare for and coordinate external audits, providing necessary documentation and reports.
7. Payroll and Employee Benefits
- Supervise payroll processing and ensure compliance with labor laws and tax requirements.
- Assist with accounting for employee benefits and expenses.
8. Tax Preparation and Filing
- Prepare and file taxes, including VAT/GST, sales tax, and income tax returns.
- Work with external auditors or consultants to ensure proper tax planning and compliance.
9. Process Improvement and Internal Controls
- Identify areas for financial process improvement and implement changes to increase efficiency.
- Develop and enforce internal controls to safeguard dealership assets and minimize risk.
10. Support to Management
- Collaborate with department managers to understand financial needs and provide insights for better decision-making.
- Assist in financial planning for major projects, such as facility upgrades or fleet expansion.
