LIFO Software Description
Our LIFO calculation software features a user-friendly data interface along with extensive databases for both new and used vehicles. It gathers cost data for all qualifying vehicles produced and on sale at automotive dealerships, enabling users to record the cost information pertinent to the dealership's inventory at the end of its fiscal year. Additionally, it employs Microsoft Excel® for reporting, facilitating seamless integration with various accounting software options, including Reynolds & Reynolds, ADP, and QuickBooks. This software solution is not only efficient and precise but also a cost-effective option for managing LIFO calculations in automotive dealerships. Users can easily download updates from the website, ensuring they have access to the latest features and improvements. Furthermore, the application can be installed on a server or as a stand-alone PC version, accommodating both multiple users and single-user setups.
LIFO Software Alternatives
Xero
Save 90% for 6 months on Xero's award-winning accounting and online bookkeeping platform. Beautifully simple, Xero offers a wide range of features that help businesses manage their numbers effortlessly, including invoicing, inventory management, bank connections, payroll, reporting, and app integrations for a seamless user experience. Xero offers plans for businesses of any size, with room to grow.
Xero provides a comprehensive ecosystem of integrated apps and connections to banks and financial institutions, allowing small businesses to access a variety of solutions within its open platform to efficiently manage their operations and finances. For accounting and bookkeeping practices, Xero offers powerful compliance tools, intelligent practice management software, and a centralized cloud-based accounting ledger for all clients, accessible in one place.
Xero automates data entry by pulling sales and expense records directly from banks, invoicing apps, point-of-sale systems, and more. It securely connects to business bank accounts, eliminating manual data input, while smart bank reconciliation learns user preferences to streamline the process.
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CDK Global
For 50 years, CDK has been providing solutions to help dealers run their businesses and build deeper relationships with customers in more than 15,000 retail locations across North America.
The CDK Dealership Xperience expands dealers’ business potential through an offering of advanced solution suites designed to integrate seamlessly with our Foundations Suite to accelerate performance.
• Foundations Suite: The core of the platform that offers proven, built-in functionality critical to operating all workflows effectively and efficiently across the dealership and delivering an unparalleled customer experience from the ground up
• Fixed Operations Suite: The most comprehensive solution in the industry that allows dealers to build customer loyalty, streamline parts and service functionality and maximize income
• Modern Retail Suite: Reduces friction points and boosts engagement along with revenue by improving and simplifying the buying transaction that customers now expect
• Intelligence Suite: Harnesses the power of data-driven intelligence to boost performance and win customer loyalty through advanced analytics, AI and machine learning
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Blackpurl
Blackpurl is a dealership management software that is changing the way dealers run their organizations.
Blackpurl is for dealers who want a software solution that lets them run their dealership the way they want to. Are tired of spending thousands of dollars on features that look “cool” but don’t help run their day-to-day operations.
Blackpurl integrates with best-in-class solutions like Shopify for eCommerce, Quickbooks, and Xero for accounting, DP360 for CRM, and a handful of other tech solutions. The goal is to allow the dealers to choose the solution that's right for them.
Blackpurl isn’t another DMS, it’s a cloud-based Dealership Management Platform that’s disrupting the DMS industry.
As we like to say around the office, we’re not putting lipstick on a pig, we’re roasting the entire hog.
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eraPower
Pentana Solutions recognizes that minimizing profit leaks is a significant concern for numerous automotive dealers. The eraPower showroom software addresses this issue effectively by removing calculation inaccuracies related to luxury car taxes, GST, registration fees, and stamp duty. By assisting sales team members in deal pricing, eraPower performs the necessary calculations and secures them so they cannot be altered. In addition, the software guarantees that vehicle pricing is consistently updated in alignment with manufacturer schedules, whether monthly or weekly, while also ensuring that margins are automatically adjusted based on service department inputs regarding scheduled work. Dealership management is empowered to establish minimum margin thresholds, which helps in tackling potential profit leaks right from the outset. This comprehensive approach not only safeguards profits but also streamlines the overall sales process for dealerships.
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Integrations
Company Details
Company:
LBMC
Year Founded:
2017
Headquarters:
United States
Website:
www.lbmc.com/services/technology/software/lifo/
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
Webinars
Training Videos
Customer Support
Business Hours
Online Support
LIFO Software Features and Options
Auto Dealer Accounting Software
Buy-Here-Pay-Here
Collections Management
Expense Management
Financing Management
Inventory Management
Lease-Here-Pay-Here
Parts Management
Payroll Management
Recurring Billing
Sales Management
Sales Tax Management
Service Department
LIFO Software User Reviews
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