Tag Archives: #AutoDealersBookkeeping

45. Are there any threshold limit of bookkeeping for Automobile Dealers?

Book keeping For Media Houses

Bookkeeping for Automobile Dealers  Yes, there are threshold limits for bookkeeping for automobile dealers. The threshold limit varies depending on the country or state. In India, for example, the threshold limit for bookkeeping for automobile dealers is ₹40 lakhs (INR 4 million). This means that if the annual turnover of an automobile dealer is less… Read More »

45. What are the key financial transactions that a Automobile Dealers should record Bookkeeping?

Inventory Management

Automobile Dealers Should Record Bookkeeping Automobile Dealers should record Bookkeeping Of course, here are some essential financial transactions that an automotive dealer should document in their bookkeeping: 1. Vehicle sales and purchases: This includes the sale of both new and used vehicles, as well as the purchase of vehicles for resale. 2. Inventory: Automobile dealers… Read More »