CPA: Timely Bank Reconciliations Too Often Overlooked
A most important accounting function for a new-car dealership is the accurate and prompt preparation of bank reconciliations. But most dealers are not qualified to determine if this is being done, says certified public accountant Carl Woodward of Woodward and Associates, specializing in dealership accounting matters. We have heard office staff tell dealers the bank reconciliation was done when it
November 1, 2009
1 Min Read
![WardsAuto logo WardsAuto logo](https://eu-images.contentstack.com/v3/assets/blt7121b6ec5c11097b/blt45f10b537a75bb26/65d72d47647c28040affd46b/Generic_image_WA.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
A most important accounting function for a new-car dealership is the accurate and prompt preparation of bank reconciliations.
But most dealers are not qualified to determine if this is being done, says certified public accountant Carl Woodward of Woodward and Associates, specializing in dealership accounting matters.