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In fact, more inventory being carried on the books longer has two cost elements, one being the cost of interest, insurance, and flooring fees, and the second being the effect, namely higher depreciation. Especially during a time when inventories increase, this is a cost item that warrants close attention.
Youre able to flow back and forth between accounting, parts and service, payroll, finance, and insurance, making my process a lot easier, Richard Weber says. Dealers can use the tools to complete daily tasks efficiently while planning for long-term success. Customers receive better service when all departments communicate clearly.
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