LBMC LIFO Solutions software was written with the CPA in mind. The easy-to-use data interface and comprehensive vehicle databases, as well as the Microsoft Excel® based reporting results in an efficient, accurate and cost effective software solution for automotive dealership LIFO calculations.

For more information, visit LBMCLIFO.com

New Vehicle Alternative Method Calculation is powered by Chrome® New Vehicle Data™.

Used Vehicle Alternative Method Calculation offers databases for all required periods from both Kelley Blue Book® and Black Book®. These databases are available for both year-end index calculation, as well as trade vehicle valuation.

Flexible year-end estimation tool is available for both new and used vehicle calculations to assist with tax planning and conformity requirements.
SOFTWARE FEATURES

• Web site software downloads to instantly capture updates
• Server or stand alone PC based application provides for multiple or single users
• Data e-mail feature enables remote users to quickly access the same dealership file
• Microsoft Excel® based reporting allows for:
• Easy report file transfer between applications
• Report modification and customization
• Linking into paperless accounting file software
• Adjustment fields to provide entry for:
  • Inventory write-ups and write-downs
  • Manufacturer floor plan and advertising assistance
  • Other custom field option
• Estimation tool for year-end allows multiple inventory scenarios:
  • Same inventory mix from prior period
  • Specific amounts for cars and trucks by manufacturer
  • Specific amounts by model line
• Calculations available for changes in year-end or reserve recapture
• Data import feature available

COST EFFECTIVE AND EASY TO USE

• Pricing:
  • Based on number of calculations to minimize cost
  • Price includes access to entire vehicle database, reports and estimate calculations
  • No set-up or additional fees
  • Single year contract
• Conversion:
  
  • Converting to LBMC LIFO is fast and easy. Just enter the LIFO layer history and the average base costs for the previous year.
    
• Technical Assistance:
  • LBMC LIFO Solutions was written by certified information systems professionals at LBMC Technologies, LLC.
  • Assistance with software is available via e-mail and telephone.