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
Vehicle Acquisition Network (VAN)
Vehicle Acquisition Network (VAN) is an automotive software platform built to help car dealerships acquire high-quality used vehicles directly from private sellers—without relying on auctions. As wholesale prices rise and vehicle availability tightens, VAN empowers dealers with tools to source inventory faster, more profitably, and with greater control.
VAN aggregates local FSBO (for-sale-by-owner) listings, applies real-time market data to assess profitability, and automates communication with sellers at scale. Buyers can manage leads, track seller conversations, and streamline acquisition workflows through an intuitive CRM-style dashboard designed specifically for dealership teams.
For dealers who don’t have dedicated acquisition staff, VAN offers a Managed Buyer program, pairing stores with expert buyers who actively source, engage, and negotiate with private sellers on their behalf—saving time and boosting acquisition volume without internal hiring.
VAN is trusted by hundreds of dealerships across North America—from independent rooftops to franchise groups—looking to beat Carvana and CarMax at their own game. It's the smarter way to buy cars.
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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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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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AutoAps
AutoAps, Inc. offers an affordable accounting software solution tailored for automotive dealerships, featuring modules that cover Accounting, Payroll, Repair Order and Service Management, Parts Inventory, Finance & Insurance, Vehicle Inventory, Buy Here Pay Here, Credit Bureau, Sales Management, Prospecting, Follow-up, and Tracking for both new and used car dealerships. This versatile software can accommodate various types of dealerships, including those dealing with automobiles, RVs, ATVs, marine vehicles, motorcycles, heavy equipment trucks, mobile homes, and agricultural machinery. AutoAps, Inc. provides options for either standalone software or comprehensive turnkey systems that include both hardware and software components. The modular design allows dealerships to select specific functionalities such as Accounting and Payroll, Parts Inventory, Service Writing, Finance and Insurance, or Buy Here Pay Here, tailoring the solution to their unique needs. Additionally, the software is compatible with AFS F&I software, enhancing its usability. Established in 1998, AutoAps introduced its first accounting software version in 2001, marking a significant milestone in its commitment to the automotive industry. Over the years, AutoAps has continued to evolve, ensuring that its offerings remain relevant and beneficial 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
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