October 30, 2016 admin

Salaries—Sales Managers—Used

Expenses

SALARIES—SALES MANAGERS—USED EXPENSE ACCOUNT
7280

ACCOUNT EXPLANATION
Salaries earned by supervisors of used vehicle salespeople, including vacation pay, granted holidays, authorized absence from work, and training time.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Salary earned by used car sale manager PR
    Salaries—Sales Managers—Used 7280
      Accrued Payroll 2410
COMMENTS
  • Salaries of sale managers responsible for new and used vehicles should be equitably distributed between this account and Account 7080, Salaries—Sales Managers—New.
  • Incentives earned by used vehicle sales managers based on the performance of the used vehicle department should be charged to Account 7210, Commissions & Incentives—Sales Managers—Used.
  • Bonuses of used vehicle sales managers based on total dealership profit should be charged to Account 9550, Employee bonuses.
  • If used vehicle activities are organized into two or more separate departments, charges to this account should be distributed directly to the departments generating the expense. See Departmentalization for further information.