Expenses FREIGHT—SERVICE EXPENSE ACCOUNT 7771/7971 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense of freight, express, and postage on incoming and outgoing shipments of merchandise sold by the service department. TRANSACTIONS Jrnl. Dr. Cr. Freight charges paid on incoming shipments of gasoline additives CD Freight—Service 7771 Freight—Service—Quick Lane 7971 Read more about Freight—Service[…]
Expenses TOOLS & SUPPLIES—SERVICE EXPENSE ACCOUNT 7770/7970 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expenses incurred for small tools and supplies, other than office supplies, for the benefit of the service department. TRANSACTIONS Jrnl. Dr. Cr. Torque wrench purchased for cash CD Tools & Supplies—Service 7770 Tools & Supplies—Service—Quick Lane Read more about Tools & Supplies—Service[…]
Expenses SERVICE LOANER EXPENSE REFUNDS—SERVICE EXPENSE ACCOUNT 7761 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Amounts received from the Company as reimbursements, under the Service Loaner Program, for service loaner expenses incurred by the service department. TRANSACTIONS Jrnl. Dr. Cr. Invoice Ford for service loaner expense for a rental vehicle also used as a Read more about Service Loaner Expense Refunds—Service[…]
Expenses SERVICE LOANER EXPENSE—SERVICE EXPENSE ACCOUNT 7760 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION That portion of total service loaner expense that is allocated to the service department. Service loaner expense is that portion of the total expense of leased or owned rental vehicles which can be allocated to service loaner usage including monthly lease fees Read more about Service Loaner Expense—Service[…]
Expenses POLICY ADJUSTMENTS—SERVICE EXPENSE ACCOUNT 7750/7950 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expenses related to labor and sublet repairs involved in price adjustments made to customers and correction of faulty workmanship (other than repairs covered by the Ford Motor Company warranty and policy program). TRANSACTIONS Jrnl. Dr. Cr. Refund to customer for service Read more about Policy Adjustments—Service[…]
Expenses TRAINING—SERVICE EXPENSE ACCOUNT 7740/7940 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Costs of training employees of the service department, including technicians. Includes tuition, travel, meals and lodging resulting from attendance at training schools, as well as training materials and visual aids purchased for use in the service department. TRANSACTIONS Jrnl. Dr. Cr. Parts Read more about Training—Service[…]
Expenses PROMOTION—SERVICE EXPENSE ACCOUNT 7731/7931 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Promotion costs that are directly related to the sale of service. Includes handbills, placards, entertainment of prospective customers, gifts and awards. TRANSACTIONS Jrnl. Dr. Cr. Purchase of service reminder calendars for customers P Promotion—Service 7731 Promotion—Service—Quick Lane 7931 Read more about Promotion—Service[…]
Expenses ADVERTISING—SERVICE EXPENSE ACCOUNT 7730/7930 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Advertising costs that are directly related to the sale of service. Includes service department advertising in media: newspapers, radio, magazines and direct mail including postage; and the cost of customer mailing lists. TRANSACTIONS Jrnl. Dr. Cr. Spot radio announcements for body shop Read more about Advertising—Service[…]
Expenses ADVERTISING REFUNDS/ALLOWANCES—SERVICE EXPENSE ACCOUNT 7721 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—Service 7721 Read more about Advertising Refunds/Allowances—Service[…]
Expenses COMMISSIONS & INCENTIVES—OTHER—SERVICE EXPENSE ACCOUNT 7720/7907/7920 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Commissions and incentives paid or accrued to service except department managers, salespeople or other employees on the sale of service labor or other items sold by the service department. Includes incentives based on the performance of the service department. TRANSACTIONS Jrnl. Read more about Commissions & Incentives—Other—Service[…]