Salaries—Sales Managers—New – Ford Online Accounting Manual

Expenses

SALARIES—SALES MANAGERS—NEW	EXPENSE ACCOUNT
	7080

Salaries earned by supervisors of new vehicle salespeople, including vacation pay, granted holidays, authorized absence from work, and training time.

			Jrnl.	Dr.	Cr.

Salary earned by new car sales manager			PR
	Salaries—Sales Managers—New			7080
		Accrued Payroll			2410

Salaries of sales managers responsible for new and used vehicles should be equitably distributed between this account and Account 7280, Salaries—Sales Managers—Used.
Incentives earned by new vehicle sales managers based on the performance of the new vehicle department should be charged to Account 7010, Commissions & Incentives—Sales Managers—New.
Bonuses of new vehicle sales managers based on total dealership profit should be charged to Account 9550, Employee Bonuses.
If the new car and new truck activities are organized as separate departments, charges to this account should be distributed directly to the departments generating the expense. See Departmentalization for further information.