Recording new vehicle

Question

Hi,&nbsp;I recently purchased a car for my business on finance and paid a deposit from my personal acc which will have to be repaid back to me. how would i record this, the vehice and the deposit?

earl_hd · Answer

Hi PentonI,Thanks for your post, and welcome to the Community Forum! In such scenarios, we strongly advise consulting directly with an accountant for an accurate solution. You may also find additional ideas on this issue by visiting the following posts. New Vehicle Purchase Recording, Input Vehicle Purchase and Capital Purchases and Finance.
&nbsp;
Feel free to post again, we're happy to help!&nbsp;
Regards,Earl

Forum Discussion

Recording new vehicle

1 Reply

Looking for something else?

Related content

how to record transactions for fully depreciated vehicle after selling

Recording a Payment

Recording vehicle mileage

Purchase and Disposal of Comapny vehicle

Motor Vehicle usage for Bas and Tax

recording a fixed asset

Motor vehicle expenses

INVENTORY NOT RECORDING