As important as financial management is to our day-to-day and annual success, it can be elusive. Sales don’t show up as we expect, inventory piles up, changes in the economy wreak havoc, and the list of negative influences on our financials goes on and on and on. The best way to adapt to and overcome these challenges is to have a plan in place and to remember that not every situation follows the plan. The resources available to you in this section of the MRAA Rewards Resource Center will help you manage your financials.
Sample One-Page Budget Worksheet
For many dealers, a structured budgeting process is a pipe dream — something they’d love to fit in but just can’t find the time. For others, there’s a process in place, but it covers only the top line, the total expenses and the year-end profit desires. Through our friends at Parker Business Planning, we have made a Sample Budget Worksheet available for you to use to fine-tune your financial management. This Worksheet will help you drill down your financials to the department level, which will help you manage your business like you never have before.
Sample Inventory Management Worksheet
There is no single category of your business that demands such stringent management as your inventory levels. New inventory (as well as used, for that matter) can put great strain on your business if it is not managed properly. Through our friends at Parker Business Planning, we are making available a Sample Inventory Management Worksheet for you to use in the effective management of this ever-important area of your business. In it, you will find preset formulas that will help you calculate your inventory costs, your margins, and even your days-in-inventory. Note: Make sure you download or “save as” in order to download the complete worksheet.
Sample Net Cash Condition Worksheet
The net profitability of a dealership often receives all the attention. But it’s between busy seasons that the real performance of a dealership becomes the focus: Cash Flow. Through our friends at Parker Business Planning, we are making a Sample Net Cash Condition worksheet available so that you can know at all times where you are in regard to cash flow. Note: Make sure you download or “save as” in order to download the complete worksheet.