LIFOcapture™ revolutionizes the way dealerships collect data. By utilizing one platform for both Net Inventory and LIFO calculations, your dealership can streamline its financial reporting process and put you in the role of an auditor, not a data entry clerk.
Auto dealers across the country have adopted the Net Inventory Method for tax and book purposes to reduce taxable income (RTI) as it relates to inventory cost. Capturing all the data, documentation and calculations under one software platform, Green can help you realize cost savings through elimination of duplicate entries and time delays in data collection and synthesis.
Manufacturers change program details frequently. Green monitors and updates our software platform so your dealership is always up-to-date on the latest program details, helping you realize greater savings across the board.
Green tracks all advertising expenses and analyzes the status of economic performance to help you gain additional savings through factory programs. You are always recording the actual advertising spend, which helps you accelerate your savings.
THE GROSS BENEFITS
Net Inventory calculations are determined from fact and circumstance analysis and the programs change. Three factors create the Gross Benefit and work in conjunction with each other.
The negative 481(a) amount for the year of change + the current year’s Net Inventory adjustment = Current FY Gross Benefit.
Using LIFOcapture™ to absorb annual calculation costs and maintain compliance is the most cost-effective tool available to CPAs today. Let Green deliver the data, so you can deliver the results.