General Motors Dealer Standard Accounting Manual and Handbook

Link: http://gm.acctmanual.com/Misc/gm_acct_manual%20v2-2-1-1.pdf

FREETO THE GENERAL MOTORS DEALER: Accounting, the process of properly recording and classifying business transactions, is an important factor, recognized as essential to the successful ... ^{See Details}

Created: 3 days ago

067 Policy Work - Parts and Service - GM Accounting Manual

Link: http://gm.acctmanual.com/Expenses/067_Policy_Work_-_Parts_and_Service.htm

FREESynopsis. From time to time, a service (or parts) customer may return to the dealership with a complaint (“comeback”). Account 067, Policy Work – Parts and Service is established to record follow-up repairs performed at no charge to the customer. Debits. ... ^{See Details}

Created: 3 days ago

Glossary - GM Accounting Manual

Link: http://gm.acctmanual.com/Misc/Glossary.htm

FREEA systematic charge-off of an asset's cost to income over the period estimated to be benefited. Balance Sheet. A statement of financial position as of a specific date; shown on page 1 of the Operating Report. Bird Dog Fees. Commissions paid to a person, not regularly employed by a dealership, for a sales "lead" resulting in the sale of a vehicle. ... ^{See Details}

Created: 6 days ago

955 Other Deductions - GM Accounting Manual

Link: http://gm.acctmanual.com/AddDed/955_Other_Deductions.htm

FREEWrite – off of organization expense Moving expense. Fees and commissions paid brokers and others for arranging capital loans, mortgages, etc. Casualty losses. Writedown of securities to market value. Notes and accounts in Account 294, Notes & Accounts Receivable - Other considered uncollectible ... ^{See Details}

Created: 3 days ago

902 Bad Debts Recovered - GM Accounting Manual

Link: http://gm.acctmanual.com/AddDed/902_Bad_Debts_Recovered.htm

FREE902 Bad Debts Recovered. Additions/Deductions. Addition to Income. Synopsis. Account 902 is established to record late payments from over-aged accounts receivable, which have been written off as a “Bad Debt”. ... ^{See Details}

Created: 8 days ago

340 Allowance for Doubtful Accounts - GM Accounting Manual

Link: http://gm.acctmanual.com/Liabilities/340_Allowance_for_Doubtful_Accounts.htm

FREE340 Allowance for Doubtful Accounts. Liabilities. Contra Assets. Synopsis. Account 340 is established to record the reserve for bad debts. Debits. Credits. Customer receivables being written off as uncollectible. Monthly decreaseof the provision to equal total customer receivables over 90 days past due. ... ^{See Details}

Created: 5 days ago

057 Bad Debt Expense - GM Accounting Manual

Link: http://gm.acctmanual.com/Expenses/057_Bad_Debt_Expense.htm

FREEIn spite of the fact that a Past Due Receivable is “written off” as a Bad Debt, collection efforts should continue. In some cases, turning Bad Debts over to a collection agency may be the best choice. As a further note, the fees paid to a collection agency should be debited to Account 069, Outside Services - (Other). ... ^{See Details}

Created: 25 days ago

DISTRIBUTION OF EXPENSES

Link: http://gm.acctmanual.com/AOS_Imports/GM_Acct_Manual_-_EXPENSES.htm

FREEUnless a Department operates from a separate, off-site facility, the Utilities expense should be pro-rated to each Department based on usage as indicated in the Expense Distribution table above. 088 Insurance - Other. Expenses. ... ^{See Details}

Created: 13 days ago

084 Taxes - Real Estate - GM Accounting Manual

Link: http://gm.acctmanual.com/Expenses/084_Taxes_Real_Estate.htm

FREEThe monthly provision for Real Estate Taxes should be pro-rated to each Department using the relative value factor method. The exception is when a Department occupies a completely separate facility such as an off-site service department. For these exceptions, the entire monthly provision is charged to the benefiting Department. ... ^{See Details}

Created: 1 month ago

General

Link: http://gm.acctmanual.com/Internal_Controls/Accounting_Control/General.htm

FREEGeneral. Internal Controls. Accounting Controls. In all cases, employees handling cash, cash items, parts and accessories, or in position of trust should be bonded. ... ^{See Details}

Created: 4 month ago