Schedule Account Summary Report
Track Financial Activity
The Schedule Account Summary Report provides an overview of transactions posted to a specific account across multiple control numbers. It is designed to help dealership accounting staff track financial activity within a selected account over a defined period.
Benefits:
- Monthly Reconciliation: To verify all entries posted to a specific account (e.g., Accounts Payable or Receivables) during the month.
- Audit Preparation: To provide auditors with a clear breakdown of account activity, including control descriptions and reference numbers.
- Vendor or Customer Review: To analyze transactions tied to specific vendors or customers, especially when grouped by control numbers.
- Error Investigation: To identify and correct misposted entries or unusual amounts within an account.
Who Uses the Schedule Account Summary Report, How Often, and Why
|
Office Manager |
Monthly audit cycles |
Verifies all entries posted to specific accounts, supports reconciliation, and prepares for audits. |
|
Controller |
Monthly, quarterly, audits |
Reviews account activity for compliance, reconciliation, and financial oversight. |
|
Accounting Clerk |
Weekly to monthly |
Tracks transactions, investigates errors, and analyzes vendor/customer activity within accounts. |
|
General Manager |
Occasionally |
Reviews account summaries for high-level financial oversight or to address specific concerns. |
|
Fixed Ops Director |
Occasionally |
Analyzes account activity related to service/parts operations or vendor/customer issues. |
|
Payroll Administrator |
Monthly or during payroll audits |
Reviews payroll-related account activity and supports audit preparation. |