Expenses PROMOTION—BODY SHOP EXPENSE ACCOUNT 7831 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Promotion costs that are directly related to the sale of body shop services. Includes handbills, placards, entertainment of prospective customers, gifts, and awards. TRANSACTIONS Jrnl. Dr. Cr. Purchase of body shop promotional calendars for insurance estimators P Promotion—Body Shop Read more about Promotion—Body Shop[…]
Expenses ADVERTISING—BODY SHOP EXPENSE ACCOUNT 7830 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Advertising costs that are directly related to the sale of body shop services. Includes body shop advertising in media: newspapers, television, radio, magazines and direct mail including postage; and the cost of customer mailing lists. TRANSACTIONS Jrnl. Dr. Cr. Spot radio Read more about Advertising—Body Shop[…]
Expenses ADVERTISING REFUNDS/ALLOWANCES—BODY SHOP EXPENSE ACCOUNT 7821 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Refunds from FDAF of LMDA advertising funds, with amounts determined by local associations. TRANSACTIONS Jrnl. Dr. Cr. Advertising expenditures reported to local association P Accounts Receivable—Other 1130 Advertising Refunds/Allowances—Body Shop 7821 Read more about Advertising Refunds/Allowances—Body Shop[…]
Expenses COMMISSIONS & INCENTIVES—OTHER—BODY SHOP EXPENSE ACCOUNT 7820 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Commissions and incentives paid or accrued to body shop estimators or salespeople, not to include department managers, on the sale of body work or other items sold by the body shop. Includes incentives based on performance of the body shop. TRANSACTIONS Read more about Commissions & Incentives—Other—Body Shop[…]
Expenses SALARIES—OTHER—BODY SHOP EXPENSE ACCOUNT 7810 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Salaries and wages, including vacations, granted holidays, authorized paid absence form work, and training time, of body shop department employees, except productive technicians. Includes earnings of the following employees: estimators, foremen, clerks, dispatcher, cashier, porters and helpers. TRANSACTIONS Jrnl. Dr. Cr. Read more about Salaries—Other—Body Shop[…]
Expenses COMMISSIONS & INCENTIVES—MANAGERS—BODY SHOP EXPENSE ACCOUNT 7805 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Commissions and incentives paid or accrued to body shop managers on the sale of body work or other items sold by the body shop. Includes incentives based on the performance of the body shop. TRANSACTIONS Jrnl. Dr. Cr. Commissions Read more about Commissions & Incentives—Managers—Body Shop[…]
Expenses SALARIES—MANAGERS—BODY SHOP EXPENSE ACCOUNT 7800 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Salaries and wages, including vacations, granted holidays, authorized paid absence from work, and training time, of body shop managers. TRANSACTIONS Jrnl. Dr. Cr. Gross earnings of the body shop manager for payroll period PR Salaries—Managers—Body Shop 7800 Read more about Salaries—Managers—Body Shop[…]
Expenses VACATION & TIME-OFF PAY—TECHNICIANS—SERVICE EXPENSE ACCOUNT 7790/7990 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Amounts paid to or accrued for technicians of the service department for earned vacations, granted holidays, and authorized paid absence from work. TRANSACTIONS Jrnl. Dr. Cr. Monthly accrual of 1/12 of annual estimated vacation and holiday pay for technicians Read more about Vacation & Time-Off Pay—Technicians—Service[…]
Expenses INVENTORY CONTROL & DATA PROCESSING—SERVICE EXPENSE ACCOUNT 7785/7985 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Costs of perpetual inventory control service & data processing service and of physical inventories of parts when such services are purchased from outside vendors. TRANSACTIONS Jrnl. Dr. Cr. Vendor invoices for monthly automated parts inventory control & data Read more about Inventory Control & Data Processing—Service[…]
Expenses EQUIPMENT & VEHICLE MAINTENANCE—SERVICE EXPENSE ACCOUNT 7780/7980 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense of financing, repair and maintenance of machinery, equipment and vehicles (including demonstrators), used in the service department. (Does not include service loaners; see Account 7760.) TRANSACTIONS Jrnl. Dr. Cr. Replacement of generator on tow truck I • Read more about Equipment & Vehicle Maintenance—Service[…]