Financial Reporting: Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, to provide insights into the financial health of the dealership or repair shop. Present financial reports to management or stakeholders to facilitate decision-making. Budgeting and Forecasting: Assist in the development of annual budgets and financial forecasts for the dealership or repair shop. Monitor actual financial performance against budgeted targets and identify variances for analysis and corrective action. Accounts Payable and Receivable: Manage accounts payable functions by processing invoices, issuing payments to vendors, and reconciling accounts. Handle accounts receivable tasks by invoicing customers for services rendered, tracking payments, and following up on overdue accounts. Payroll Processing: Calculate and process payroll for employees, including wage calculations, deductions, and tax withholdings. Ensure compliance with payroll tax regulations and reporting requirements. Tax Compliance: Prepare and file various tax returns, including sales tax, payroll tax, and income tax filings. Stay updated on changes to tax laws and regulations that may impact the dealership or repair shop's tax obligations. Financial Analysis: Conduct financial analysis and performance metrics to assess the profitability and efficiency of operations. Identify areas for improvement and recommend strategies to enhance financial performance and cost-effectiveness. Inventory Management: Monitor inventory levels of vehicles, parts, and supplies, and reconcile inventory records with physical counts. Analyze inventory turnover ratios and identify slow-moving or obsolete inventory for disposition. Internal Controls: Establish and maintain internal controls and accounting procedures to safeguard assets, prevent fraud, and ensure accuracy and integrity of financial data. Implement segregation of duties and other controls to mitigate risks. Audit Preparation: Coordinate with external auditors and regulatory agencies for financial audits and examinations. Prepare audit schedules, provide supporting documentation, and address auditor inquiries to facilitate the audit process. Financial Planning and Analysis: Assist management in financial planning initiatives, such as capital budgeting, investment analysis, and business expansion strategies. Provide financial insights and recommendations to support strategic decision-making. Software Utilization: Utilize accounting software and other financial management tools to streamline accounting processes, automate routine tasks, and maintain accurate financial records. Ensure data integrity and security of financial information stored in electronic systems. Regulatory Compliance: Stay informed about regulatory requirements and industry standards governing accounting practices for automotive dealerships or repair shops. Ensure compliance with relevant laws, regulations, and industry guidelines.