477A – Aftermarket Income

New Subaru Department

Sales Synopsis

Account 477A

Debits

Credits

 

 

  1. Income generated from the sale of Aftermarket items on new Subaru vehicles.  Examples of these items are: Paint and fabric protections, Tire insurance, Anti-theft window etching, e.g., non-tangible items.

677A – Aftermarket Income

New Subaru Department

Cost of Sales Synopsis

Account 677A

Debits

Credits

  1. Adjustments to reduce the amount of income previously recorded on Aftermarket Sales.

 

 

 

Remarks:

Income from Aftermarket items should be recorded at the time the vehicle sale is accounted for.  Credit sales with the amount the customer was charged for the product and debit cost of sales with the actual cost of the product.

Tangible devices, such as DVD players, should be a part of the cost of the vehicle and not recorded in aftermarket income.  This account should only be used for the net income earned on ‘non-tangible’ items as described above.

Note: