Dealership Checklist for Year End 2016

December 5, 2016|Jason Kiehnau, Tyler Ninneman

2016 is almost in the books and, for most dealers, it is a similar story to 2015 with a few exceptions. As we look forward to 2017, make sure the following accounting, tax, payroll and other tasks are completed accurately and timely before you close the books on this fiscal year:


  • New vehicles on LIFO
  • Inventory not on LIFO
  • Fixed assets and other repair items
  • Receivables
  • Accruals
  • Prepaids assets, accounts payable and other expenses

Other reminders

  • Demonstrators
  • Retirement plans
  • Health and life insurance premiums
  • Other miscellaneous items

To learn more, download the full guide.

Tags: Dealerships