Expenses SALARIES—OTHER—SERVICE EXPENSE ACCOUNT 7710/7902/7910 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Salaries and wages, including vacations, granted holidays, authorized paid absence from work, and training time, of service department employees, except productive technicians. Includes earnings of the following employees: service salespeople, shop foremen, service clerks, dispatcher, service cashier, service porters and helpers. TRANSACTIONS   Jrnl. Read more about Salaries—Other—Service[…]

Expenses COMMISSIONS & INCENTIVES—MANAGERS—SERVICE EXPENSE ACCOUNT 7705/7905 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Commissions and incentives paid or accrued to service department managers 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. Dr. Cr.   Commission earned Read more about Commissions & Incentives—Managers—Service[…]

Expenses SALARIES—MANAGERS—SERVICE EXPENSE ACCOUNT 7700/7900 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Salaries and wages, including vacations, granted holidays, authorized paid absence from work, and training time, of service department managers. TRANSACTIONS   Jrnl. Dr. Cr.   Gross earnings of the service manager for payroll period PR     Salaries—Managers—Service 7700     Salaries—Managers—Service—Quick Lane 7900 Read more about Salaries—Managers—Service[…]

Expenses VACATION & TIME-OFF PAY—TECHNICIANS—PARTS EXPENSE ACCOUNT 7695 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Amounts paid to or accrued for technicians of the parts 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—Parts[…]

Expenses INVENTORY CONTROL & DATA PROCESSING—PARTS EXPENSE ACCOUNT 7690 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Costs of perpetual inventory control service and data processing service and of physical inventories of parts when such services are purchased from outside vendors. TRANSACTIONS   Jrnl. Dr. Cr.   Vendor invoice for monthly automated parts inventory control and data Read more about Inventory Control & Data Processing—Parts[…]

Expenses EQUIPMENT & VEHICLE MAINTENANCE—PARTS EXPENSE ACCOUNT 7680 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense of financing, repairing and maintaining vehicles (including demonstrators), machinery, and equipment used in the parts department. TRANSACTIONS   Jrnl. Dr. Cr.   Reline brakes on parts panel truck I    • Internal sales of labor and transfer of parts   Read more about Equipment & Vehicle Maintenance—Parts[…]

Expenses FREIGHT—PARTS EXPENSE ACCOUNT 7671 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense of freight, express, and postage on incoming and outgoing shipments of parts and other merchandise sold by the parts department. TRANSACTIONS   Jrnl. Dr. Cr.   Freight charge paid on incoming shipment of batteries CD     Freight—Parts 7671       Cash Read more about Freight—Parts[…]

Expenses TOOLS & SUPPLIES—PARTS EXPENSE ACCOUNT 7670 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Costs of small tools and supplies, other than office supplies, acquired for the benefit of the parts department. TRANSACTIONS   Jrnl. Dr. Cr.   Purchase of bin labels on open account P     Tools & Supplies—Parts 7670       Accounts Read more about Tools & Supplies—Parts[…]

Expenses SERVICE LOANER EXPENSE—PARTS EXPENSE ACCOUNT 7660 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION That portion of total service loaner expense that is allocated to the parts 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 (or Read more about Service Loaner Expense—Parts[…]

Expenses POLICY ADJUSTMENTS—PARTS EXPENSE ACCOUNT 7650 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expenses related to parts involved in price adjustments made to customers and in replacement of defective parts (other than replacements covered by the Ford Motor Company warranty and policy program). TRANSACTIONS   Jrnl. Dr. Cr.   Refund to customer for parts price adjustment Read more about Policy Adjustments—Parts[…]