Car Purchase- MYOB Business
We recently put $35k down on a company car purchase. I had to transfer the deposit to the business account. So I currently have a $35k transfer in and a $35k payment out to the car dealership in my b...
Forum Discussion
Hi Cassie_T,
That's a tricky one, especially when the deposit has moved through both the business account and the dealership. Because the $35,000 was transferred into the business account and then paid to the dealership, the correct account will depend on where the funds came from and how the vehicle was financed.
To confirm this situation, please reach out to an accountant for an accurate answer.
Regards,
Earl
