Five Benefits of Using Stock Book Software For Dealers

As a dealership, you are legally obliged to keep an accurate stock book, and, regulation aside, having a detailed log of your vehicles is a vital part of running an efficient business. Still recording stock on paper or spreadsheets? It may be time to change your ways!

1 – Save Time and Space

Manually recording stock on paper or in a spreadsheet is painfully time consuming and physical stock books require a fair bit of storage space, whereas bookkeeping software allows you to store all of the necessary information on your computer.

It is a lot quicker and easier to add cars with a digital system and calculations can be done automatically. This will save you so much time which can instead be spent actually selling your stock!

2 – Reduce the Risk of Error

Not only are calculations slower if they are done manually, but this also means that there is a possibility of human error, so with electronic software, your records will be more accurate.

3 – Keep on Top of Aged Stock

Another advantage of using stock book software is that it can tell you the length of time that certain vehicles at your dealership have been in stock. It is important to keep on top of overaged stock so that you can determine when action needs to be taken, such as, lowering prices.

4 – Get Instant Access to Information

If accountants or banks ask for stock valuations, you will be able to easily find the information you need straight away with an electronic book and you can be sure of their accuracy.

If you are using an advanced system, like Click Dealer’s, you may also be able to record purchase costs next to cars in your stock book. Having a clear record of transactions in your vehicle log can be extremely useful, because it acts as an audit trail.

5 – Share Information

If your stock book is digital, data can be exported to accounting software. Sharing financial records is more efficient for you, not to mention your accountants will be grateful!

In short, using stock book software can help make your dealership run more smoothly, and make your life a whole lot easier.

For more information on Click Dealer’s Dealer Management System, get in touch today through marketing@clickdealer.co.uk, 01782 478 220 or via our contact page.