Abstract: An electronic method of auditing floorplan loans is provided. The floorplan loans are provided by a lending source to a plurality of vehicle dealers. The method includes, for each of the plurality of vehicle dealers, an entity other than the lending source or a dealer (i) retrieving the lending source's records corresponding to the dealer's floorplan loan; (ii) retrieving the dealer's internal financial records used by the dealer for tracking sales; (iii) comparing the lending source's records with the dealer's internal financial management records to determine a variance between the lending source's records and the dealer's records; and (iv) reporting the variance to the lending source.