810 – Other Income Subaru

Additions To Income

Synopsis

Account 810

Debits

Credits

 

  1. Additional income from SOA that may be paid, for example; LOVE Promise/LPCCAP, SAS Retailer Rewards, Market Development, Facility Construction Support, Retailer Monthly Bonus (RMB) RMB should only be accounted for here if there are Service Department OLP or other non-Sales Department qualifiers.  If RMB is a straight sales unit objective, RMB should go to vehicle cost, or if not booked to each individual vehicle, it would go against cost of sales account Incentives – Subaru (Account 6011)

  2. All miscellaneous income not otherwise classified or provided for in the Chart of Accounts that is related to the SUBARU brand only.

 

Remarks:

This account reflects items of miscellaneous income such as transfer of non-automotive units to other dealers; vending machine income, sale of waste oil, sale of scrap metal or batteries, gain on sale of fixed assets, unredeemed service coupons and performance guarantees, amounts recovered in receivables written-off in prior accounting years, and amounts recovered in adjustment of special reserves not otherwise provided for.  For non-Subaru related Other Income, use Account 805 “Other Income”.

 

A detailed schedule of this account should be provided and maintained for audit and tax purposes.