Many dealers don’t have a good grip on their cash flow due to outdated bank reconciliation processes. If you’re still balancing your bank statement on a monthly basis using paper copies, you’re losing out on the many benefits of daily bank reconciliations using your DMS.

In this video, Auto/Mate’s Tracey Van Allen will share tips for modernizing the cash handling process in your dealership. Fears about giving your staff online access to bank accounts will be laid to rest, as Van Allen walks you through creating a process that will keep your cash safe, establish oversight and implement necessary checks and balances.

Watch this video to:

• Create & document a process using your DMS for daily bank reconciliations

• Set up view-only permissions for accounting staff to access bank accounts online

• Establish appropriate oversight and checks and balances to keep cash safe

RECOMMENDED READING