Setting Up General Ledger Accounts

Chrysler Financial Statement

2018

This document provides you with the information necessary to update your Chrysler Financial Statement for 2018. Read it in its entirety before beginning to use the 2018 Chrysler Financial Statement.

Important: If you do a 13th month statement, do not update your financial statement to the 2018 format until you have completed the 13th month statement.

After downloading the 2018 Chrysler Financial Statement, when you click Compile Statement, a message will alert you that you must build the parameters for the 2018 calendar year prior to compiling. Select Yes to continue. Once the parameters have been built, a message will confirm completion. Click OK to continue. Run a scan to verify that accounts and coordinating parameters haven't been deleted for 2018. If an account you have been using has been removed, enter the account into an appropriate parameter.

Setting Up General Ledger Accounts

The new general ledger accounts will be on the 2018 financial statement; however, you must add them into your general ledger.

1. Click Setup. 2. Click General Ledger. 3. Click Enter G/L Account Information. 4. Enter the general ledger account information. Reference similar accounts in your existing general

ledger to determine how to set up an account. 5. Click Save to save the information.

Entering Vehicle Sales Parameters

Your new sales accounts must also be entered under your Vehicle Sales Parameters in the Accounting Setup. Enter all the new accounts using the following method:

1. Click Setup.

2. Click Vehicle Sales.

3. Click Enter Sales Parameters.

4. Click Default New in the list window on the right side of the screen. This will bring in all the accounts you are currently using in the new car sales. Any changes to used accounts can be made using the Default Used option.

Revised: 01/24/2018

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Chrysler 2018 Financial Statement 5. In Sale Account, type the new sales account number. 6. In Description, type the model name. 7. Type N for new. 8. The Journal field will automatically populate with 10. Any changes to used accounts can be made using the Journal 20. 9. Enter the sales account number on the Credit side and the cost of sale account on the Debit side. 10. Verify that an account number is listed on the Debit side of the Amount Financed. 11. Click Save.

Adding Accounts to the Daily DOC

Add the new sales and cost of sales accounts to your Daily DOC Parameters. 1. Click Reports & DOCs on the Dealership Accounting menu. 2. Click Standard Daily DOC. 3. Click the existing DOC in the selection list. 4. Click Enter Report Parameters. 5. Add the new accounts to the appropriate line or create a new line for the new accounts. 6. Click Save to save the changes.

Note: Accounts must be added in the same manner to the Comparison DOC, if applicable. Sales and cost of sales accounts should not be deleted from the Comparison DOC because there will be a comparison of the vehicle sales for the last year and the current year.

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Chrysler 2018 Financial Statement

Deleted Accounts Report Section

Sale Over-Allowance Cost of Sale Spec. Discount

Page

Page 3 Page 3 Page 3 Page 3

Account #

459A 459B 459C 459D

Description

Dart Dart Dart Dart

Added Accounts

Report Section

Sale Over-Allowance Cost of Sale

Spec. Discount (Volume Incentive)

Page

Page 3 Page 3 Page 3 Page 3

Sale

Over-Allowance

Cost of Sale Spec. Discount (Volume Incentive)

Page 3 Page 3 Page 3 Page 3

Renamed Accounts

Cost of Sale

Page 4

Report Section

Sale Over-Allowance Cost of Sale Spec. Discount (Volume Incentive)

Page

Page 3 Page 3 Page 3 Page 3

Account # Description

401A 401B 401C

New Cars Other - Maserati New Cars Other - Maserati New Cars Other - Maserati

401D

New Cars Other - Maserati

410A 410B 410C 410D

New Trucks Other - Maserati New Trucks Other - Maserati New Trucks Other - Maserati New Trucks Other - Maserati

483C

CPOV Finance Contracts

Account # Description

428A

Town & Country changed to Pacifica

428B

Town & Country changed to Pacifica

428C

Town & Country changed to Pacifica

428D

Town & Country changed to Pacifica

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Chrysler 2018 Financial Statement

Note: Page 3 now contains Month and Year to Date memo columns for Volume Incentives per model instead of Total Volume Incentive ? New as in 2017. For the per-model to print, the D account must be connected to the Spec. Discount in your Chart of Accounts. These are not your regular Customer Incentives (Rebates, Etc.) but are a type of dealer cash given to the dealership for volume sales and not figured at the time of the customer sale. Example: In the 2018 Financial Statement, select Set Up, then Statement Parameters. Enter Box P45, where you will see that all four accounts for the Fiat 500 are listed in the parameters. However, the 404D account may not be in your general ledger Chart of Accounts. Look at Box VN45. You will see the 404D account again, which will appear in the Memo Volume Incentive column for the Fiat 500 model. Print your Chart of Accounts to verify your current accounts and verify which accounts must be added: 1. On the Dealership Accounting main menu, select Set Up. 2. Select General Ledger. 3. Click Print Chart of Accounts and select To Screen. 4. Note which models do not have the D account in the general ledger. 5. Click Enter G/L Account Information on the General Ledger Setup menu. 6. Add the necessary D accounts to the Chart of Accounts. In Type of Account, enter it as a C to note it as a Cost of Sale account. In Normal Balance, type D for debit balance. In Profit Center, enter N for new. Please note that the D accounts are already In the Parameters for the 2018 Statement. You will only have to add them to your Chart of Accounts.

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