Flyntlok Unlocked Ep.10: Inventory Reconciliation with Michael Holland
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Flyntlok Unlocked Ep.10: Inventory Reconciliation with Michael Holland
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I'm your host, Jenny Moebius, Flyntlok's CMO, and today we're talking about something that might sound like an accounting problem… but it’s really a business confidence problem.
Parts inventory is often one of the biggest assets sitting on a dealership’s balance sheet.
But there’s a catch:
Your DMS has a number for what that inventory is worth.
Your accounting system has a number for what that inventory is worth.
And those two numbers don’t always agree.
Maybe a shipment was received before the bill was entered.
Maybe a cycle count changed quantity on hand.
Maybe there was a write-off or adjustment made directly in accounting.
Individually, those differences can seem small.
Month after month, though, they really add up.
And suddenly the question becomes:
Which number do I trust?
That’s exactly the problem we’re solving with Flyntlok’s new Parts Inventory Reconciliation tool.