The Vehicle Stock Book for Accountants - Flipbook - Page 135
Status Progression and Control
It is important that the Status and Progress Codes are updated regularly. The normal sequence of events is as
follows:
Accounts Status
Progress Code
Who ?
On Creation
(New Vehicle)
O
O or R
U
Consignment Note
C
C or R or S
U
Adopted
(if applicable)
A
A or R or S
U
Invoiced
I
I
S
Update A/cs
status Finished
F
I
U/S
Update A/cs Status
X
X
S
To assist in the control when updating vehicle records, only certain Account Status Codes are valid with Progress
Codes and vice versa.
The progression and use of status codes (particularly 8F9) should be discussed with the consultant dealing with
your dealership.
Many standard reports i.e. Consignment Stock, Profit Reports etc. are produced on the basis of status, so it is
important that these be maintained correctly.
Note: The 8F9 Status (Finished) is an optional stage to allow greater control of late costs. It is
possible for the system to update the status automatically, for invoiced vehicles at month end or
for the update to be done manually. This is a System Parameter.
Account Status Codes
06.900.01 – pwise – 01/06/06
Page 133 of 160
