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GST Management

Common accounting packages will do an admirable job of tracking your expenses, payroll and GST obligations however what most accounting packages aren't so good at is tracking individual stock items such as used cars. Unlike stocking parts or quantities of like items, used inventory is unique. Each unit is purchased for a differing amount and during its life in the dealership, has costs such as reconditioning added to it before finally being sold.

To be able to sell used inventory of this nature, it is critical that you know your financial position as it relates to each individual stock item at any point in its dealership life. Unless you can quickly and easily adjust your retail price, add reconditioning expenses, manage trade allowances and discounts you cannot expect to remain a profitable competitor in the modern retail motor trade.

Don't be fooled. A common misconception in the used retail industry is that the GST is simply calculated as 10% of your margin on each stock item. This is not necessarily correct and could be costing you money.

If all of these pitfalls are not enough, most accounting packages cannot easily handle the complication of separating and tracking notional and actual input credits. In the used retail trade, purchases from private individuals (most trade-ins) attract a notional input tax credit that can only be claimed from the Australian Taxation Office after the stock item has been sold.

GST Management - The Solution
Dealer Solutions provide dealerships with a GST management solution.
All the necessary tools to survive in the modern retail motor trade are integrated into Dealer Solutions inventory management software.
  • Track notional and actual input tax credits
  • Analyse your financial position for each stock item.
  • View cost and profit estimates.
  • Handle luxury car tax and GST Free sales.
  • Produce detailed reporting.
  • Help you prepare your Business Activity Statement (BAS).


Not only do the GST management features of Dealer Solutions' software ensure that you are not unwittingly losing money, they will save you time and effort in managing your day to day stock activity and provide you with reports that will save you or your accountant hours of preparation time for each BAS return.

We are happy to speak with you or your accountant about how Dealer Solutions software can manage the GST for you.

Contact us today to find out more about GST Management with Dealer Solutions
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