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) 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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Sage Intacct is a premier cloud-based financial management software designed for growing businesses. It offers comprehensive features including core financials, accounts payable and receivable, cash management, and multi-entity consolidations. The software automates key financial processes, enhancing efficiency and accuracy. Sage Intacct provides real-time financial insights through intuitive and customizable dashboards, enabling data-driven decision-making.
Seamlessly integrating with various business applications, Sage Intacct ensures a unified view of operations, enhancing data consistency and collaboration across departments. Its robust reporting and analytics tools allow users to generate detailed financial statements, track key performance indicators, and gain deep insights into financial performance.
Sage Intacct is scalable, reliable, and trusted by thousands of organizations worldwide. It supports complex organizational structures with multi-entity management, facilitating seamless consolidations and inter-entity transactions. The cloud-based platform ensures continuous innovation, keeping your financial management tools up-to-date. With award-winning customer support, Sage Intacct empowers businesses to streamline
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CDK Global
CDK provides a unified, SOC 2-compliant dealership software solutions designed to simplify dealership operations, improve profitability and create a better customer experience across every department. Instead of relying on disconnected tools for Sales, Service, Inventory and Accounting, CDK brings everything together in one place through the CDK Dealership Xperience Platform.
CDK offers six connected suites inside the Dealership Xperience Platform, each one solving for a specific area of dealership operations:
• Foundations Suite: Ideal for enterprise and multistore dealers, this suite delivers advanced Accounting, DMS functionality, centralized management and CDK SimplePay for smooth deal workflows.
• Fundamentals Suite: Created for independent dealerships and smaller franchise operations, the Fundamentals Suite offers streamlined core tools with the same data connectivity as the Foundations Suite.
• Vehicle Inventory Suite: Uses AI and real-time market insights to help dealers source, price and manage inventory more effectively and profitably.
• Modern Retail Suite: Combines CRM, Digital Retailing and F&I workflows so customers can start buying online and complete the process in the dealership without rework.
• Fixed Operations Suite: Supports Service and Parts departments with communication tools like video and texting, accurate estimates and to-the-penny Service pricing.
• Intelligence Suite: Brings advanced analytics, forecasting and performance visibility across departments so decision-making is faster and more data-driven.
Dealers choose CDK for its ability to connect once-separate systems, support day-to-day operations, and provide measurable improvements in efficiency, profitability and customer satisfaction.
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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
LIFO Software User Reviews
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