End-of-Year Accounting Process and Checklist Update December 2020

Just $19 and You'll Receive the Hard Copy Executive Summary and Online Access to This Workshop in Multiple Formats!


Featuring: Philip Craft CPA and Christine Andrews from WITHUM

Air Date: December 17, 2020

1pm Eastern/ 12pm Central / 11am Mountain / 10am Pacific

Program Length: 60 minutes 



2020 has been a strange year and one that poses some challenges when we close the books. A solid, step-by-step process and checklist for getting all your accounting ducks in a row to close out this less than normal accounting year.

Producing a solid and reliable End-of-Year financial closing statement is the first step toward taking on 2021. But there is no doubt, the dealership accounting staff will be tested with many items and accounts that need to be checked, summarized and sometimes reconciled.

This workshop will guide you through process and provide a concise and complete checklist of what needs to be included.

Learn what needs to be examined and why:


  • Accounting for all COVID relief funds, forgiveness and more

  • Prepaid Accounts, Payroll Reconciliation, Sick and Vacation Accruals, LIFO

  • Floorplan, Bank Reconciliation, Finance Reserves, Fixed Assets

  • Accounts Receivable & Payable, DMS Changes, Sales & Use Tax

  • IRS 8300, Parts Reconciliation, WIP, Trend Analysis, UC Write Downs

  • Payroll Accruals, Checks Owners, Officers & Partners, Asset & Liability Accts

  • Reviewing 5 top expenses

  • New and UC Physical Inventory

  • Intercompany Reconciliations, Demos

  • FTC Safeguarding and Red Flags

  • Get a firm handle on all of it!

End-of-Year Accounting Process and Checklist Update December 2020

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