DMV/VERIFI Tip of the Week, #72
Short Reminder About Sale Price Entries and Accuracy
A recent review of VERIFI records revealed thousands of vehicles in dealer records with selling prices of between $1,000,000 and $10,000,000. These amounts are clearly the result of misplaced decimals or otherwise bad data.
Because the information contained in the VERIFI system represents your official records, we strongly urge that you double check your entries and make reasonable efforts to ensure the accuracy of your data.
Below are some suggestions:
- Only enter the whole dollar amount in numbers (decimals and commas are not allowed)
- Round your taxable sale price from your invoice to the nearest dollar amount on all sales prior to entering in VERIFI. (VERIFI automatically populates the “.00” at the end of the entered value.)
- Double check your entries. (sticky keys, mistypes, etc...)