LBMC LIFO SOLUTIONS, LLC

LBMC LIFO Solutions software was written with the CPA in mind. The easy-to-use data interface and comprehensive vehicle databases, as well as the Microsoft Excel® based reporting results in an efficient, accurate and cost effective software solution for automotive dealership LIFO calculations.

New Vehicle Alternative Method Calculation is powered by Chrome® New Vehicle Data™.

Used Vehicle Alternative Method Calculation offers databases for all required periods from both Kelley Blue Book® and Black Book®. These databases are available for both year-end index calculation, as well as trade vehicle valuation.

Flexible year-end estimation tool is available for both new and used vehicle calculations to assist with tax planning and conformity requirements.

SOFTWARE FEATURES

• Web site software downloads to instantly capture updates
• Server or stand alone PC based application provides for multiple or single users
• Data e-mail feature enables remote users to quickly access the same dealership file
• Microsoft Excel® based reporting allows for:
  • Easy report file transfer between applications
  • Report modification and customization
  • Linking into paperless accounting file software
• Adjustment fields to provide entry for:
  • Inventory write-ups and write-downs
  • Manufacturer floor plan and advertising assistance
  • Other custom field option
• Estimation tool for year-end allows multiple inventory scenarios:
  • Same inventory mix from prior period
  • Specific amounts for cars and trucks by manufacturer
  • Specific amounts by model line
• Calculations available for changes in year-end or reserve recapture
• Data import feature available

COST EFFECTIVE AND EASY TO USE

• Pricing:
  • Based on number of calculations to minimize cost
  • Price includes access to entire vehicle database, reports and estimate calculations
  • No set-up or additional fees
  • Single year contract
• Conversion:
  • Converting to LBMC LIFO is fast and easy. Just enter the LIFO layer history and the average base costs for the previous year.
• Technical Assistance:
  • LBMC LIFO Solutions was written by certified information systems professionals at LBMC Technologies, LLC.
  • Assistance with software is available via e-mail and telephone.