Benchmarking: The Search for Profits and Hidden Cash
There may be more to your monthly financial statement than you realize: data that allows for benchmarking that delivers a true picture of what areas of your dealership are performing well and alerts you to issues that need attention. By benchmarking and tracking performance on various expense and cost accounts, you will be able to keep your finger on the pulse of the dealership’s operation, in particular, its financial well-being. This webinar will explore key benchmarks that are particularly telling in letting you know when and where expenses are eating away at dealership profits.
Rex is a Principal of HBK CPAs & Consultants and directs the firm's Dealership Group. He has worked extensively in the dealership industry since 1984 as a department manager, a general manager and an owner, as well as providing tax, accounting and operational consulting services exclusively to dealers as an independent CPA.
This experience includes working closely with hundreds of dealers from coast-to-coast since 1987 on creative tax planning and financial statements issues. He provides clients with a wide range of transaction work services, and consults for them in specialty areas such as operations, government regulatory compliance, valuations and M&A feasibility studies.