Dealership Outsourced Accounting
Withum provides flexible outsourced accounting services that adapt to your specific dealership needs. Whether you outsource functions on a temporary or more permanent basis, we tailor solutions that support dealerships at various stages, ensuring efficient management of financial demands while preserving valuable resources.
Our support is fully scalable, adapting to the unique needs of your dealership. From remote or onsite assistance, our experts provide:
- Temporary Support: Ensure a seamless transition by training your staff to take over when we leave. No disruptions, just continuity.
- Permanent Support: Seamlessly integrate our team into your dealership's operations, delivering reliable and efficient accounting services. Consider us an extension of your team.
Who We Help
- Accounts Payable
- Controller
- CFO (We can support with useful analytics)
- Deal Poster (coster)
- Office Manager
Dealership Outsourced Accounting Challenges and Trends
Short-staffed? Let us step in to ensure things remain running smoothly when you need the extra help. We will train new staff or get current staff up to speed quickly on new functions.
We always look out for your best interest when working at your dealership. We ensure that proper internal controls procedures to ensure best practices across all functions.
We ensure that dealerships have information available at their fingertips in order to analyze expenses, identify growth areas, and ensure operations are running smoothly
Dealership Outsourced Accounting Services
Partner with us to elevate your dealership’s financial management. Contact us today to explore how we can enhance your Dealership operations!
- Reconciliations: Our expert team prepares reconciliations, including bank accounts, finance reserve accounts, and floorplan/wholesale statements, which include the resolution of all adjustments. We will also review canceled checks and check signatures.
- Crisis Management: Withum supports dealership operations onsite and remotely when needed. Whether an incident of fraud is discovered, policies and procedures are being done incorrectly and need revamping, schedules need to be cleaned, staff requires additional training, or something else, we provide the necessary support and solutions in real-time to address the challenges at hand.
- Clean Up: When provided with the right VPN and client software access either onsite or remotely, we can conduct a full clean of your books and records. During cleanups, we train dealership staff on best practices to ensure sustainability so things remain in order long after our work is completed.
- Per Diem Controller Support: We provide support to dealership staff, training them to be self-sufficient. However, we can also take on these duties and be a seamless replacement when needed, assisting in all aspects of the accounting function. We are adaptable, fitting the unique needs of every dealership.
- DMS Conversion / Implementation: We will assist with DMS conversion and implementation pre and post-conversion to ensure everything runs smoothly. We will provide recommendations assessing a dealership's wants and needs to help you find the best product for your dealership. We will identify and create reports to ensure information is readily available when you need it and train staff to be able to access and utilize this information.
- Dealership Regulatory Compliance: We have a team of experts who help dealerships get into and remain in compliance. We have staff certified by NJCar in compliance with all regulations, including but not limited to 8300s, sales tax, federal finance regulations, consumer protection and safeguarding, and wage and hourly employment compliance.
- Dealer Accounting Staff Training: We provide comprehensive training, guiding dealerships every step of the way. Processes from cutting a check to reconciling an account to paying taxes, we identify and share best practices, training dealership staff both in-person, remotely, and via tailored videos to ensure complete knowledge transfer and success
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
