In this post we’re going to talk briefly about the differences between Petty Cash and the Cash Drawer since there seems to be some confusion about the two. We will also take a look at your Starting Till Balance and…
Financing and Flooring With The Same Supplier
As your business grows, you will more frequently find yourself in a position where you have a floored unit, and when you sell that unit, your customer uses the same company to finance their purchase. And when all is said…
Departmentalized Profit & Loss
( Or why my Department P&L doesn’t match my Company P&L ) The P&L handles reviewing what took place in your business from Sales and Expense stand point ( meaning what did you sell, what did that cost you to…
How Lizzy Understands Item/Unit Excise Taxes
If your dealership is in one of the simple tax rate states, count yourself lucky, and you don’t need to worry about this. However, if your dealership is in a state where the unit is taxed at a different rate…
Handling Stolen Units in Lizzy
In this article, we will be detailing how to handle stolen units in the Lizzy Dealer Management System (DMS). Recently, a new tool was added to Lizzy to handle units that are stolen from your dealership, AND to alert you…