Enforcement and Awareness - Key Tips to Prevent Cash Theft
By Marilou C. Vroman, CPA, CFE Yes, your dealership is at risk. Even the best run dealerships personnel with highest level of integrity...
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Feb 16, 20213 min read
Safeguarding Your Dealerships’ Passwords
By Anthony Valdelamar In an age where the average person owns approximately 100 passwords to different accounts, what is the best way to...
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Feb 2, 20212 min read
Loaner Agreements Are Useful if They Are Used
By Luis Deville When a loaner vehicle is lent to a customer, is your dealership keeping track of that vehicle? Does your dealership know...
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Jan 15, 20211 min read
Taking Ownership of Your Largest Movable Asset
By Phil Villegas In continuing my theme of focusing on the fundamentals, I thought I’d focus on one of the most basic internal controls...
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Jan 5, 20212 min read
New Year = New Withholding Beware of Fraudulent Withholding Schemes on the Rise
By Marilou C. Vroman, CPA, CFE Whether you choose to file your tax return by April 15th or file for an extension, your personal tax...
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Dec 28, 20201 min read
New Year's Resolutions for You and Your Dealership
By Phil Villegas We are all seemingly looking to get 2020 behind us as the prospects of a more normal 2021 start to appear to be a...
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Dec 17, 20202 min read
It’s No Holiday When Employees’ Responsibilities are Limited to One Individual
By Phil Villegas I’ve noticed certain reoccurring patterns in many of the dealerships I’ve had the opportunity to visit. There always...
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Dec 7, 20203 min read
The Season for Parts Metrics
By Marilou C. Vroman, CPA, CFE As we approach the year end, many dealership’s parts departments are getting more attention than normal....
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Nov 18, 20202 min read
It’s Parts Physical Inventory Season – Steps to Take Now for Great Results
By Marilou C. Vroman, CPA, CFE As the year comes to an end, many dealers start preparation for the annual tasks that go along with turkey...
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Nov 12, 20202 min read
Third-Party Funds Authorization Forms Help Protect Dealers
By Phil Villegas We can all agree there is already more than enough paperwork in current vehicle deal files, with the average vehicle...
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Nov 3, 20202 min read
Mysteries Within the Balance Sheet
By Marilou C. Vroman, CPA, CFE Mysteries at the Museum – for those who have seen the show, you know everything has a back story. This is...
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Oct 28, 20203 min read
2020 Tailwinds May Lead to Turbulence in Years to Come
By Phil Villegas The apparent exuberance by which some buyers are approaching dealership acquisitions in the current market leaves me...
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Oct 21, 20202 min read
Will You Be the PPP Early Bird or the Second Mouse?
By Marilou C. Vroman, CPA, CFE As quoted by James Paxman, “The early bird gets the worm, but it’s the second mouse that gets the cheese.”...
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Oct 15, 20202 min read
To Know Where You Are Going, You Need to Know Where You Stand.
By Luis Deville Numbers are the language of business. Numbers are mainly used to count, measure and label. Dealers and store managers use...
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Oct 8, 20202 min read
Mandatory Vacations - A Good Internal Control or Just Textbook
By Marilou C. Vroman, CPA, CFE As controllers, CFOs, and dealership auditors, we have heard it many times before – “Require mandatory...
176 views
Sep 29, 20203 min read
When it Comes to Health, There is Strength in Numbers
By Marilou C. Vroman, CPA, CFE A dealer and his loyal CPA and family attorney typically form a bond over the years in a relationship that...
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Sep 23, 20203 min read
Normalization of Earnings is Essential to Privately Held Dealerships, Even if You are Not Selling
By Phil Villegas For most dealers, knowing what their dealership has earned in profit is a simple matter of looking at their dealer...
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Sep 16, 20202 min read
Dealers and OEMs Entice Their Customers to Buy. Your Vendors Should Do the Same to You.
By Luis Deville The year 2020 will certainly be remembered for COVID-19, and as a result, may also be remembered as a period of...
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Sep 11, 20202 min read
When Buying a Dealership, Have Seller “Add-Backs” Properly Reviewed
By Phil Villegas For the past 15 plus years, a fair amount of the work I’ve personally been involved with relates to dealership buy/sells...
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Sep 3, 20202 min read
New Normal = New Risks
By Marilou C. Vroman, CPA, CFE In strange times, people do strange things. The last six months have been nothing short of challenging,...
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