Control of Operating Procedures and Systems (COPS)
Our affiliation with AutoTeamAmerica allows us to stay in touch with the best practices in the industry. AutoTeamAmerica is a group of CPA firms throughout the country that focus on serving auto dealers. One of the products developed by members of AutoTeamAmerica is COPS, a unique program to address dealers’ concerns about their operating environment. It is a versatile modular system that can be tailored to address specific areas of concern or to analyze your entire operation. |
Modules include:
- General program
– Existing controls checklist
– Accounting policy checklist
- Review of office procedures and accounting policies
- Accounts and factory payables
- Cash disbursements transaction testing
- Computer utilization and schedule review
- Deal payables
- Expense analysis
- Factory and warranty claims receivables
- Finance reserves
- Fixed assets and daily rental units
- Form 8300: Cash reporting
- Journal entry review
- Notes payable: Floor plan
- Parts inventory
- Parts sales
- Payroll testing
- Prepaid and other accrued expenses
- Service sales
- Vehicle inventory
- Vehicle receivables and contracts in transit
- Vehicle sales testing
- Cash receipts
- Parts, service and body shop
- Bank reconciliations
- Body shop check-up
- Capital and equity analysis
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