What is Dealer Management System Software!

In the last 15 years, computer have become important device for every business. Few wholesale dealers have the luxury to have the ability to operate without the computer, while many dealers include a variety of programs and applications that cover the basics of word processing, Internet connectivity and others have the necessary car dealer software for extensive use on a daily basis.

While there are hundreds, if not thousands of used cars software available whose functionality is intended for or meets the needs of small dealers, below are some of the basic software program-types that are invaluable, critical and essential to all dealers:

1-Book keeping (vehicles Inventory and customers and payments)

2-Daily reports (all kind report to run the business successfully

3-Print forms for deals made and other required forms

All the dealers software you will need, it does cover the majority of the basics needed. It is important to also note that some dealer software is often bundled in packages where you can actually avoid the monthly fees.

Wheels4Deals program is a stand alone used cars (Car lot management) software. Organize vehicles, history, purchases, sales detail. track vehicle inventory, expense, customers history, purchase, payments and balance. Calculate loans and print payment schedules. Track repairs & costs by vehicle.

But what is Dealer Management System?

A dealer management system is software that helps car dealer capture, store, manage, and easily retrieve digitally stored vehicles, customers, payments, sales data and print reports, sales forms. It gives dealership businesses the tools to digitize their inventory and streamline their operations instead manually entering everything.

The system’s main functions are to capture, store, and distribute documents, with many providers offering additional services to support process automation. With increasing businesses shifting to digital platforms for most of their day-to-day use, a dealer management system is crucial for any car dealer seller specially when they get audit from IRS.

DMS Software Helps You Avoid an Audit

There are a variety of ways dealers can avoid the likelihood of an audit. “Most of them come down to filing an accurate return, documenting all purchases and sales, payments collection manually can cause math errors, reporting incorrect amounts of income and deductions, and incorrect business return items can be red flags..

Using the DMS software may reduce your chances of being audited for a number of reasons. For example, the DMS keeps all purchases, sales, payments, customers’ data all in one place with few clicks you can generate all needs reports with correct calculation for all sales, taxes and payments to your financial situation. Also prevent missing data.