The Floorplan Report provides a detailed listing of vehicles financed under floorplan arrangements, including VIN, Stock Number, Customer Number, Year, Date Sold, Control Number, and Floorplan Amount. This report is designed to help dealerships monitor inventory financing, track outstanding balances, and ensure accurate reconciliation between vehicle sales and floorplan accounts.
When to Use It:
- Inventory Financing Review:
Ideal for verifying which vehicles are currently financed under floorplan and their associated amounts.
- Reconciliation:
Used during month-end or audit processes to reconcile floorplan balances with inventory and sales records.
- Audit and Compliance:
Provides auditors with detailed floorplan data for financial verification and compliance checks.
- Cash Flow Management:
Helps controllers and managers monitor outstanding floorplan amounts to manage dealership cash flow effectively.
- Operational Planning:
Supports decisions on paying down floorplan balances or managing inventory turnover.
Note: You can filter the report by Company, New/Used, Sold/Stock, and choose how to display control numbers (e.g., last 6 digits of VIN). Sorting options include VIN for easy lookup.
Who Uses the Floorplan Report, How Often, and Why
