We'll Help You Manage Tax Complexity For Your Dealership
When you run a dealership, taxes are one of the most complex aspects that can drop off in your day-to-day operations. We can help you avoid tax owings.
The biggest tax challenges your auto dealership might be facing.
Every dealership fights inventory complexity, floor-plan financing, and multi-jurisdiction sales tax. Here's what we help you avoid.
We'll help you avoid the challenges of:
- ×Sales Tax Complexity: Multiple provinces, exemptions, and registration requirements to manage
- ×Trade-In Depreciation & Inventory Costing: Tracking cost basis on used inventory correctly
- ×Financing Complexity: Handling floor-plan financing and interest expense correctly
- ×Customer Documentation: Contract, RIN, and warranty tracking tied to accounting
- ×Multi-Location Compliance: Consolidated GL, HST returns, and staffing across locations
How we will help you overcome your accounting challenges.
Our team has the depth and experience to run the numbers, simplify the financing, and unlock tax savings for your dealership operations.
We will help you with:
- ✓How to Handle Trade-Ins: We'll show you exactly how to log trade-ins so cost basis and taxes are correct
- ✓How to Handle Financing and Discounts: We'll help you factor customer financing and manufacturer rebates properly
- ✓Inventory Management from End to End: Reconciling floor-plan financing to your inventory ledger every month
- ✓Best-in-Class Regulation Coverage: Multi-province HST, PST, and luxury tax rules kept up to date
"Take control of your dealership's taxes and eliminate costly mistakes with MyBookly."
How we compare with other firms.
There are many accountants to choose from. Below you'll see how we specialize for dealerships.
A specialized dealership accounting firm that understands floor-plan financing, trade-ins, and multi-jurisdiction sales tax.
- ✓Industry-specific dealership accounting team
- ✓Full inventory and floor-plan reconciliation every month
- ✓Multi-province HST, PST, and luxury tax handled correctly
- ✓Proactive tax planning to reduce dealership burdens
Generalist accountants who don't understand DMS integrations, floor-plan financing, or dealership-specific sales tax.
- ×No experience with DMS or dealership workflows
- ×Miss trade-in cost basis and inventory adjustments
- ×Floor-plan financing recorded incorrectly
- ×No proactive advisory to reduce tax burden
Our step-by-step process.
A structured process to get your dealership books in shape.
Free Consultation
We learn your dealership setup, DMS, and current pain points - no commitment.
Books & System Setup
We integrate your DMS, floor-plan lender, and QBO into one clean stack.
Book-Keeping Training
We train your controller or admin on our monthly close process.
Ongoing Communication
Monthly reconciliations, quarterly tax planning, and a dealership-savvy accountant on call.
"We will work with you and your team to automate your accounting, build your reports, and much more."
Questions you may have about our accounting services.
What software should my dealership use?
We'll pair your DMS (like Reynolds & Reynolds, CDK, or Dealertrack) with QBO or an ERP for clean GL and reporting.
Do you support multiple locations?
Yes. Consolidated financials across multiple rooftops with per-store P&L are our specialty.
What software do you support?
QBO, Xero, and most major DMS platforms via CSV or API integrations.
How long does the software setup take?
Most dealerships are onboarded within 4 - 6 weeks depending on DMS complexity.
Running a dealership is hard. Handling the accounting shouldn't be.
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