October 30, 2016

Finance and Insurance Department

Financial Statement Preparation

FINANCE AND INSURANCE DEPARTMENT
Click on the highlighted areas and a description will appear in a new window. Clicking on an account number will take you to the appropriate page in this manual.
NOTE: The following display is the right side (Used Vehicles) of the F&I Dept. Sales & Gross Profit and Sales Expense section. The left side is identical, but is used for new vehicles.
2021 2020 – Page 4 – Used F&I
%PEN PVR F&I Net Income

%PEN

%PEN: Divide the actual number of contracts sold by the number of new or used vehicles retailed

PVR

PVR: Divide each account by the number of new and used vehicles retailed

F&I Net Income

Total of lines 23, 25, 26, 28 & 30 less lines 24, 27, 29 & 31