Financial Management
Financial management is crucial for success, but can be difficult due to unexpected sales, inventory issues, and economic changes. To overcome these challenges, have a plan and utilize the resources below.
Dealership Controller Checklist
Dealerships often struggle with consistent financial and inventory controls, particularly at month-end. To improve financial management, use this monthly checklist from IDS Marine to help your dealership’s controller stay disciplined across daily, weekly and month-end processes. It supports clean inventory, floorplan and accounting records that protect cash flow and reduce surprises.
Sample One-Page Budget Worksheet
Dealers often lack time for a structured budgeting process, or their process only covers top-line expenses. To improve financial management, use the Sample Budget Worksheet from Parker Business Planning to analyze department-level finances and enhance business management.
Sample Inventory Management Worksheet
Proper inventory management is crucial for business success. To help manage inventory effectively, use the Sample Inventory Management Worksheet from Parker Business Planning, which includes preset formulas for calculating inventory costs, margins, and days-in-inventory.
Sample Net Cash Condition Worksheet
While net profitability is important, cash flow is crucial during slower periods for a dealership. Use the Sample Net Cash Condition worksheet from Parker Business Planning to track your cash flow status at all times.
Marine Dealership Finance Strategies This Year and Beyond
Marine dealership finance strategies are important in today’s environment. This MRAA Partner blog by Tracy Williams, Managing Director – Marine, Huntington Distribution Finance, covers a few areas to embrace in your business.