462B – Other – Customer Body

Parts And Accessories Department

Sales Synopsis

Account 462B

Debits

Credits

 

  1. The sales price of other make parts sold to customers on completed repair orders for vehicle body and paint repairs as described in Debits.

662B – Other – Customer Body

Parts And Accessories Department

Cost of Sales Synopsis

Account 662B

Debits

Credits

  1. The inventory value of other make parts sold on a Customer Body Shop repair order. Only use this account if the Retailer sells/reports New Other Makes on their Financial Statement.  Subaru-only Retailers should use Account 462A - Customer Body Parts for all Customer Body Parts Sales.

 

 

Remarks:

The balances in these accounts represent parts (excluding shop materials) sold to customers on completed body and paint repair orders for other make vehicles.

 

These accounts should be used only by retailers who have their own body and paint operations.

 

Parts should be costed individually at actual cost at the time of sale.  A percentage method of costing is not recommended (refer to Parts & Accessories – Other (Account 242B)).

 

Parts should only be physically withdrawn from inventory upon presentation of the hard copy of the repair order to the Parts Department.