465B – Other – Internal

Parts And Accessories Department

Sales Synopsis

Account 465B

Debits

Credits

 

  1. The internal selling price of all other parts sold on internal repair orders as described in Debits.

665B – Other – Internal

Parts And Accessories Department

Cost of Sales Synopsis

Account 665B

Debits

Credits

  1. The cost of other make parts sold on internal repair orders. Only use this account if the Retailer sells/reports New Other Makes on their Financial Statement.  Subaru-only Retailers should use Account 465A - Internal Parts for all Internal Parts Sales.

 

 

Remarks:

The balances in these accounts represent all parts sold internally on completed repair orders and counter invoices for other make vehicles, regardless of the source of the parts involved.

 

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 related to Non-Automotive Merchandise (Account 250) should not be included in these accounts (refer to Non-Automotive Merchandise and Miscellaneous (Account 492)).

 

Internal repair orders should be authorized by the department manager requesting the work to be performed, indicating the authorized amount to be charged.

 

Parts should only be physically withdrawn from inventory upon presentation of the hard copy of the repair order to the Parts Department.