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What is LIFO Software?

The software designed for LIFO calculations provides an intuitive data interface and boasts extensive databases for both new and pre-owned vehicles. It compiles cost information for all eligible vehicles that are currently in production and available for sale at automotive dealerships, allowing users to accurately document the cost data relevant to their inventory at the conclusion of the fiscal year. Moreover, it utilizes Microsoft Excel® for its reporting functions, which allows for easy integration with various accounting software platforms, such as Reynolds & Reynolds, ADP, and QuickBooks. This solution stands out as not only efficient and accurate but also a budget-friendly choice for managing LIFO calculations within automotive dealerships. Users benefit from easy access to the latest features and enhancements through downloadable updates from the website. Additionally, the application can be set up on either a server or installed as a stand-alone version for individual PCs, providing flexibility for both multi-user and single-user environments. Overall, this software enhances operational efficiency while simplifying the complexities associated with LIFO calculations.

What is Autoweb Dealer Management System (DMS)?

AutoWeb Design's Dealer Management System provides a holistic platform for automotive dealers, allowing them to effectively manage inventory, sales, expenses, and customer data, thereby replacing outdated spreadsheets and paperwork. This advanced system tracks vehicles from the initial purchase through various processes such as preparation, MOT, servicing, and valeting, culminating in the sale, while consistently updating stock values, sale details, and profit margins along the way. Dealers have the ability to create invoices and manage various payment statuses—whether they are paid, unpaid, or partially paid—while also attaching important documents to both vehicles and customer profiles. Furthermore, expense tracking is comprehensive, covering costs associated with repairs, transportation, advertising, and fuel, which provides a clearer picture of the actual expenses tied to each vehicle. The system maintains a centralized database of customer histories, documenting inquiries, test drives, purchases, and follow-up communications, thus enhancing visibility and reducing redundancy. This efficiency accelerates administrative tasks and strengthens overall control over dealership operations. By integrating these features, the system not only simplifies dealership management but also fosters better customer relationships and drives profitability to new heights. As a result, automotive dealers can focus more on strategic growth and customer satisfaction.

Media

Media

Integrations Supported

Microsoft Excel
QuickBooks Online

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

£100/month
The independent-dealer package combines a bespoke website and built-in DMS, from £100 per month.

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

LBMC

Date Founded

2017

Company Location

United States

Company Website

www.lbmc.com/services/technology/software/lifo/

Company Facts

Organization Name

Autoweb Design

Date Founded

2004

Company Location

United Kingdom

Company Website

autowebdesign.co.uk

Categories and Features

Auto Dealer Accounting

Inventory Management

Categories and Features

Dealership Management

Not specified

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