464B – Other – Warranty

Parts And Accessories Department

Sales Synopsis

Account 464B

Debits

Credits

 

  1. The sales price of other make parts is replaced on Warranty Mechanical or Body repair orders as per the description in Debits.

664B – Other – Warranty

Parts And Accessories Department

Cost of Sales Synopsis

Account 664B

Debits

Credits

  1. The inventory value of other make parts sold on Warranty repair orders.  Only use this account if the Retailer sells/reports New Other Makes on their Financial Statement.  Subaru-only Retailers should use Account 464A - Warranty Parts for all Warranty Parts Sales.

  2. The inventory value of other makes body parts sold on Warranty repair orders.

 

 

Remarks:

The balances in these accounts represent the parts for all warranty work performed on completed warranty repair orders and similar documents for claims against other manufacturers.

 

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)).

 

Warranty and transportation claims must be handled and submitted in accordance with current applicable warranty policy.

 

Parts sold for repairs performed under extended service contract plans should be recorded in Other – Customer Mechanic (Account 460B).

 

Parts should only be physically withdrawn from inventory upon presentation of the hard copy of the repair order to the Parts Department.