Auto Dealer Alternative LIFO Method Software

ALM Software Features Comparison: LIFOPro vs. Competitors
Why LIFOPro?
- Best in class LIFO calculation software from the only firm and software vendor dedicated exclusively to LIFO
- Maximize LIFO service margins and/or offer more competitive costs to prospective clients with promotional pricing for existing CPA firm partners
- Instant access from any device with zero IT burden or ongoing maintenance
- Fast, low-risk migration from current software with historical LIFO data import performed by our support team at no cost
- Significant time savings and fewer data-entry errors
- Faster learning curve with less training required
- Greater control, stronger security, and cleaner audit trails without needing vendor assistance
- Eliminate the need to manually prepare a separate deliverable/schedules in-house with user-friendly reports that provide client with everything they need to confidently complete all LIFO-related tasks
Pricing & Terms
Similar to other ALM software providers, the license cost is based on if you are a dealership or CPA firm where there is a fixed fee for dealerships and a sliding scale fee for CPA firms based on dealer count and volume, with lower unit costs being offered the higher the dealer count. Prices are subject to change, so contact LIFOPro ASAP to lock them in while they last!

New Vehicle Module
- 2026
  - Same as current provider’s cost (if currently licensing ALM software from another vendor)
  - Contact us for pricing if you are currently performing LIFO calculations manually in-house without software
- 2027: TBD
Used Vehicle Module
- 2026
  - 75% of current provider’s cost (if currently licensing ALM software from another vendor)
  - Contact us for pricing if you are currently performing LIFO calculations manually in-house without software
- 2027
  - Same as current provider’s cost (if currently licensing ALM software from another vendor)
  - Contact us for pricing if you are currently performing LIFO calculations manually in-house without software
Terms
- License Period: 1 year with optional annual renewal
- Number of users: Unlimited
- License fee lock period: 3 years
Services Included
- Dedicated tenant containing your firm’s clients and users
- LIFOPro ALM software access URL and user credentials
- Access & usage of client’s software database files containing historical LIFO data
- Access & usage of manufacturer price book data required for software to reconstruct new vehicles in existence in prior year, but not stocked
- Access & usage of Blue Book and Black price book data required for software to complete used vehicle inflation calculation
- Backup of client’s LIFOPro software database files
- Unlimited training, support & best LIFO practices feedback, including:
  - Transferring client’s historical LIFO data from current ALM software and importing into LIFOPro ALM software
  - Review of client’s LIFO calculations made within LIFOPro ALM software
  - Up to 40 hours of audit support
  - LIFOPro’s Service Organization Control Report (“SOC” report; formerly SAS70 report)
Learn More or Request a Demo/Trial Today!
Schedule a Call/Demo

SOFTWARE TRIAL/FEE QUOTE REQUEST FORM
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LIFOPro Software Trial
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LIFO Election Benefit Analysis (for companies not on LIFO)
Best LIFO Practices & Review (for companies on LIFO)
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Comparing LIFO Tax Benefits to Lower of Cost or Market Write-downs

2025 Tariffs & LIFO Tax Benefits Guide

LIFO Election

Let LIFOPro help maximize your LIFO benefit and minimize the administrative burden of being on LIFO. Get a free LIFO benefit analysis to determine the proper methods, sub-methods, timing for a potential LIFO election for your company.

Best LIFO Practices

Your comprehensive resource for best LIFO practices, LIFO election requirements, and LIFO calculation approach alternatives!

If the IPIC method is good enough for the IRS, it should be good enough for GAAP

Using Bargain Inventory Purchases to Create Sizable LIFO Election Tax Benefits

Use of External Inflation Indexes for Financial Reporting

Financial Reporting & Tax Treatment of Change to LIFO Method

CPA Firm Partnership Playbook

Sec. 473 Relief Estimate Request Form

Auto Dealer IPIC LIFO Case Study

2025 LIFO Opportunities & Strategies Guide

How LIFO Works: A Beginner’s Guide to LIFO

How to Identify Clients that are Good LIFO Election Candidates

Complimentary Interim LIFO Estimate Request Form

Best LIFO Practices & Review

Auto Dealer LIFO Case Study

LIFO Election Benefit Analysis

Downloads

Get information about LIFO-PRO’s offerings, valuable guides & white papers & sample LIFO reports!

IPIC LIFO Guide

Get educated on the Inventory Price Index Computation (IPIC) method, including the origins, advantages & disadvantages, calculation procedures, options & much more!

Service Organization Control Report

Learn how LIFO-PRO receives an annual review of our policies & procedures to provide required assurances to our clients.

LIFO Tax Benefit Calculator

Calculate the potential tax savings from using LIFO & determine your company’s historical inflation percentages!

Secure File Upload Portal

Here you can send us all files needed for us to seamlessly give you the best LIFO results possible. We look forward to working with you!

CPA Firm LIFO Opportunities & Training Guide

Learn about LIFO opportunities abound for CPA firms, how to increase the scope of your LIFO offerings & learn how to easily identify good LIFO candidates!

Interim Estimate Options

Learn how to obtain interim LIFO estimates within our software or LIFO outsourcing solutions!

Non-disclosure Agreement Request Form

Get a NDA generated electronically in less than a minute using LIFO-PRO’s online request form page & avoid having to print, sign & scan a paper NDA!

IPIC LIFO Resources

Learn how the IPIC LIFO Method works, find valuable Bureau of Labor Statistics (BLS) links and stay up to date on all changes related to the IPIC Method!

LIFO Success Stories

Learn about LIFOPro’s past roles in partnering with companies & CPA firms to deliver great value by finding solutions to the most challenging LIFO issues!

IPIC LIFO Overview

The Inventory Price Index Computation (IPIC) method allows taxpayers to use published external indexes to calculate inflation for the purpose of valuing LIFO inventories.

LIFO Authoritative Guidance

Your comprehensive resource for authoritative LIFO guidance, LIFO election requirements, and method alternatives!

Supermarket Physical Count Procedures

Find helpful information on how IRS regulations effect grocery LIFO Count Procedures for CPI & PPI taxpayers on our Supermarket Count Procedures page.

Special Challenges for Supermarkets

Supermarkets face LIFO calculation issues unique to the industry. Find out why & answers to how they are dealt with Special Challenges for Supermarkets page.

Why the Double-extension LIFO Index Calculation Method is Unreliable

Facts describing why the double-extension LIFO index calculation method is unreliable and examples proving how this method creates unpredictable results.

LIFO Training & Audit Guide

The LIFO Inventory Training Basics & Audit Guide provides detailed LIFO calculation steps, LIFO documentation procedures, internal controls & audit best practices.

Addition of Services Table 9 Codes

Find recent important changes & BLS addition of Table 9 Wherever-provided Services & Construction PPI Indexes & Important Change in PPI Code Structure page.

CPI Category Updates

Find information on CPI Category Changes & Bureau of Labor Statistics Consumer Price Index update information such as new medical commodity codes here!

PPI Category Updates

Learn IRS Regulations Requirements for missing PPI Indexes, procedures for reassigning discontinued PPI Categories at LIFO-PRO’s PPI Category Changes page.

Producer Price Index Usage by Supermarkets to Increase Tax Deferral

Learn how drugs, non-foods & food/beverage indexes cause increase LIFO tax benefits at our PPI Index Usage by Supermarkets to Increase Tax Deferral page.

Consumer/Producer Price Index Inflation History

Get the most up to date Bureau of Labor Statistics Consumer & Producer Price Index inflation data from LIFOPro!

IPIC LIFO Advantages

Switching from the double-extension to link-chain method? Want to achieve higher possible inflation indexes? Learn more at the IPIC LIFO Advantages page.

LIFO Repeal Updates

Get the latest LIFO repeal updates including the latest news on corporate tax reform at LIFO-PRO’s LIFO Repeal Updates page.

Videos

LIFO-PRO Company Overview – Quick 1 minute video explaining LIFO-PRO’s service and software offerings.

Request Forms Page

Request a software trial, LIFO Election Benefit Analysis, Best LIFO Practices Methods Review or cost estimate. All of our requests are complimentary & free of obligation!

FAQ’s

View some of our frequently asked questions to learn more about LIFO

LIFO Glossary

Accounting and financial professionals who work with LIFO need to understand the jargon associated with LIFO. Below are a number of LIFO-related terms.