Assets

              Cash & Contracts

200        Cash On Hand  (Petty Cash)

201        Cash On Hand

202        Cash in Bank

205        Contracts in Transit

260        Securities

 

              Receivables

210        Notes Receivable - Customers

220        Accounts Receivable - Customers

225        Cash Sales Clearing

261        Factory Receivables

262        Due from Finance Companies

263        Warranty Claims

264        Ins. Commissions Receivable

 

              Inventories

230        Demonstrators

231        New Cars

235        New Medium Duty Trucks

237        New Trucks

238        Other Automotive

240        Used Cars

241        Used Trucks

242        Parts & Accessories

243        Tires

244        Gas, Oil & Grease

245        Paint & Body Shop Materials

246        Sublet Repairs

247        Work in Process-Labor

252        Other

258        Miscellaneous Assets Received in Trade

 

              Prepaid Expenses

270        Prepaid Taxes

271        Prepaid Insurance

274        Prepaid-Other

 

              Working Assets

275        Driver Training Vehicles

277        Lease & Rental Vehicles

 

              Fixed Assets

280        Land (Auto Business Only)

281        Buildings & Improvements (Auto Business Only)

282        Machinery & Shop Equipment

283        Parts & Accessories Equipment

284        Furniture & Fixtures

285        Company Vehicles

286        Leaseholds

287        IT - Hardware

288        IT - Software

289        Fixed Assets - Other

 

              Other Assets

291        Life Insurance-Cash Value

293        Notes & Accounts Receivable-Officers

294        Notes & Accounts Receivable-Other

296        Other Investments & Miscellaneous Assets


Liabilities

              Accounts Payable

300        Accounts Payable-Trade Creditors

305        Warranty Claims Advance

 

              Notes Payable

310        Notes Payable-New Vehicle & Demos

311        Notes Payable-Used Vehicles

312        Notes Payable-Lease & Rental Units

314        Notes Payable-Other

 

              Accrued Liabilities

320        Interest Payable

321        Salaries, Wages & Commissions Payable

322        Insurance Payable

323        Payroll Taxes Payable

324        Sales Taxes Payable

325        Other Taxes Payable

327        Income Taxes Payable

328        Employee's Incentives/Bonuses Payable

329        Owner's Bonuses Payable

330        Retirement Benefits Payable

331        Other Payable

 

              Long Term Liabilities

332        Other Reserves

333        Deferred Taxes

334        Notes Payable - Capital Loans

335        Mortgages Payable & Facility Related Loans

336        Other Notes & Contracts

337        Other Notes - Owners

338        Note Payable - Affiliated Companies

 

              Contra Assets

340        Allowance for Doubtful Accounts

347        Accumulated Depreciation Lease & Rental Units

351        Accumulated Depreciation Buildings & Improvements

352        Accumulated Depreciation Machinery & Shop Equip.

353        Accumulated Depreciation Parts & Accessories Equipment

354        Accumulated Depreciation Furniture & Fixtures

355        Accumulated Depreciation Company Vehicles

356        Accumulated Amortization of Leaseholds

357        Accumulated Depreciation IT - Hardware

358        Accumulated Depreciation IT - Software

359        Accumulated Depreciation Other

 

Owner's Equity

              Net Worth

360        Capital Stock &

              Additional Paid In Capital

370        Retained Earnings

375        Dividends

380        Investments

390        Drawings

399        Profit or Loss


New Vehicle Department

Sales & Cost of Sales

400        600         

Thru       Thru         New Cars-Retail - ICE and EV

418        618         

 

420        620          New Cars-Fleet

421        621          New Cars-Internal

 

 

423        623         

Thru       Thru         New Trucks-Retail - ICE and EV

438        638      

 

400        600

Thru       Thru         New Trucks - BrightDrop

441N      641N 

 

440        640          New Trucks-Fleet (Non-GM Only)

441        641          New Trucks-Internal

445        645          New Other Automotive

457        657          Accessories

494        694          Divisional Extended Warranties (Sales)

 

 

Used Vehicle Department

Sales & Cost of Sales

446A     646A       Used Cars Retail - Certified/CarBravo

              647A       Reconditioning - Cert/CarBravo Used Cars

446B      646B       Used Cars Retail - Other

              647B       Reconditioning - Other Used Cars

450A     650A       Used Trucks Retail - Certified/CarBravo

              651A       Reconditioning - Cert/CarBravo Used Trucks

450B      650B       Used Trucks Retail - Other

              651B        Reconditioning - Other Used Trucks

448        648          Used Cars Wholesale

              649          Adjustment-Used Car Inventory

452        652          Used Trucks-Wholesale

653          Adjustment-Used Truck Inventory

456        656          Used Other Automotive

 

Fixed Operations - Mechanical

Sales & Cost of Sales

460A     660A       Customer Labor - Cars & Light Duty Trucks

460B      660B       Service Contracts Customer Labor - Cars & Light Duty Trucks

460C      660C       Quick Service Labor - Cars & Light Duty Trucks

460D      660D       Mobile Service Labor - Cars & Light Duty Trucks

460E      660E        Customer Labor (EV) - Cars & Light Duty Trucks

460F      660F        Service Contract Customer Labor (EV) - Cars & Light Duty Trucks

460N      660N       Non-GM Customer Labor (EV)

461A     661A       Customer Labor - Commercial, Fleet & Medium Duty Trucks

461B      661B       Service Contracts Customer Labor - Commercial, Fleet & Medium Duty Trucks

461C      661C       Quick Service Labor - Commercial, Fleet & Medium Duty Trucks

461E      661E        Customer Labor (EV) - Commercial, Fleet & Medium Duty Trucks

461F      661F        Service Contract Customer Labor (EV) - Commercial Fleet & Medium Duty Trucks

462        662          Warranty Claim Labor - Mechanical

463        663          Internal Labor - Mechanical

464        664          New Vehicle Inspection Labor

              665          Adjustment-Cost of Labor Sales - Mechanical

466        666          Sublet Repairs

469        669          Shop Supplies

 

Body Shop

Sales & Cost of Sales

470        670          Customer Paint Labor - Cars & Trucks

471        671          Customer Body Labor - Cars & Trucks

472        672          Warranty Claim Labor - Paint & Body

473        673          Internal Labor-Paint & Body

              675          Adjustment-Cost of Labor Sales - Paint & Body

476        676          Sublet Repairs

479        679          Paint & Body Shop Materials

 

Parts & Accessories Department

Sales & Cost of Sales

467        667          Parts-Mechanical Repair Orders Cars & Light Duty Trucks (ICE)

467D     667D        Parts - Mobile Service Customer Repair Orders

467E     667E         Parts - Mechanical Repair Orders Cars & Light Duty Trucks (EV)

468        668          Parts-Mechanical Repair Orders Commercial, Fleet & Medium Duty Trucks (ICE)

468E      668E        Parts-Mechanical Repair Orders Commercial, Fleet & Medium Duty Trucks (EV)

477        677          Parts-Body Customer Repair Orders - Cars & Trucks

478        678          Parts-Quick Service-Repair Orders

480        680          Parts-Warranty Claims

481        681          Parts-Internal

482        682          Parts-Counter-Retail

482C     682C        Parts - E-Commerce

483        683          Parts-Wholesale

484        684          Accessories

484C     684C        Accessories - E-Commerce

              687          Purchase Allowances

              688          Adjustment-Parts & Accessories Inventory

490        690          Tires

491        691          Gas, Oil & Grease

492        692          Miscellaneous

 

Lease & Rental Activity

                       Close End Lease

511                        Recurring Lease Payments

512                        Maintenance Income

513                        Partial Month (Pro-Rata) Income

514                        Late Payment Charge

516                        Administrative Fee

517                        Other Lease Revenue

                              Direct Cost

              711          Interest

              712          Amortization

              713          Insurance (In Service Vehicles)

              714          License, Title & Tax

              715          Policy-Leased Vehicles

              716          Maintenance & Repairs

              717          Rent-Sublet Units

              718          Other

510                        Selling Price of Disposed Vehicles

              710          Cost of Sale of Disposed Vehicles

 

                       Open End Lease

521                        Recurring Lease Payments

522                        Maintenance Income

523                        Partial Month (Pro-Rata) Income

524                        Late Payment Charge

 

526                        Administrative Fee

527                        Other Lease Revenue

                              Direct Cost

              721          Interest

              722          Amortization

              723          Insurance (In Service Vehicles)

              724          License, Title & Tax

              725          Policy-Leased Vehicles

              726          Maintenance & Repairs

              727          Rent-Sublet Units

              728          Other

520                        Selling Price of Disposed Vehicles

              720          Cost of Sale of Disposed Vehicles

 

                       Rental

534                        Late Payment Charge

535                        Rental Income

536                        Administrative Fee

                              Direct Cost

              731          Interest

              732          Amortization

              733          Insurance (In Service Vehicles)

              734          License, Title & Tax

              735          Policy-Leased Vehicles

              736          Maintenance & Repairs

              737          Rent-Sublet Units

              738          Other

530                        Selling Price of Disposed Vehicles

              730          Cost of Sale of Disposed Vehicles

 

F & I, Protection Plan Activity

541                        Insurance Commissions Earned

              740          F & I Manager Commissions

              741          Insurance Chargebacks

542        742          Accessories

543        743          GM Protection Plans

544        744          Other Protection Plans


Finance & Insurance Activity

                              New

806                        Finance Income-New

807                        Insurance Commission Earned-New

810        860          Accessories-New

494        694          Divisional Extended Warranties (Sales)

443        643          GM Protection Plans – New

444        644          Other Protection Plans - New

              850          Finance & Insurance Chargebacks

              853          Repossession Losses-New

              855          F & I Compensation - New

 

                              Used

808                        Finance Income-Used

809                        Insurance Commissions Earned-Used

811        861          Accessories-Used

454        654          GM Protection Plans – Used

455        655          Other Protection Plans - Used

              851          Finance & Insurance Chargebacks

              854          Repossession Losses-Used

              856          F & I Compensation – Used

 

Additions to Income

902                        Bad Debts Recovered

903                        Cash Discounts Earned

905                        Other Income

909                        GM Reimbursements

910                        Document Handling Fees

 

 

 

Deductions from Income

952                        LIFO Adjustment

953                        Cash Discounts Allowed

955                        Other Deductions


Expenses

Expenses are to be distributed to each Department by creating sub-accounts formed by combining the three (3) digit expense account number with the two (2) digit department code.

        Department Codes

New Vehicles                   01

Used Vehicles                   02

Lease & Rental                  03

Finance & Insurance         04

Mechanical                        05

Body Shop                        06

Parts & Accessories         07

(Not Used)                         08

General & Administrative  09

For example, Delivery Expenses charged to the New Vehicle Department should be posted to Account 013-01, Delivery Expense (New).  Freight for Parts shipments should be posted to Account 033-07, Freight (Parts) – and so forth.

              Variable Selling Expenses

011        Vehicle Salespeople Compensation & Other

013        Delivery Expense

015        Policy Work-Vehicles

 

              Personnel Expenses

020        Salaries-Owners/Executive Managers

021        Salaries-Supervision

022        Salaries-Clerical

023        Other Salaries & Wages

024        Absentee Compensation

025        Taxes-Payroll

026        Incentives-Supervision

027        Employee Benefits

029        Retirement Benefits

 

              Semi-Fixed Expenses

033        Postage / Freight

051        Company Vehicle Expense

056        Insurance-Vehicle Inventory

057        Bad Debt Expense

060        Office Supplies & Expenses

061        Other Supplies

063        E-Commerce Advertising/Fees

064        Advertising Rebates

065        Advertising

066        Contributions

067        Policy Work-Parts & Service

068        Information Technology Services

069        Outside Services (Other)

070        Travel & Entertainment

071        Membership Dues & Publications

072        Legal & Auditing Expense

074        Telephone

075        Training Expense

076        Interest-Notes Payable-Floorplan

077        Miscellaneous Expense

078        Interest-Floorplan Credit

079        Interest-Notes Payable (Other)

 

              Fixed Expenses

080        Rent

081        Amortization-Leaseholds

082        Repairs-Real Estate

083        Depreciation Buildings & Improvements

084        Taxes-Real Estate

085        Insurance Buildings & Improvements

086        Interest-Mortgages

087        Utilities

088        Insurance Other

089        Taxes-Other

090        Repairs-Equipment

091        Depreciation-Equipment

092        Equipment Rental

 

              Adjustments

097        Bonuses-Employees

098        Bonuses-Owners

099        Income Taxes - Current Year

 

GM-US-AC v3.0