KLJ5
2 days agoContributing User
Setting up a Hire Purchase Arrangement question
Hi, I have read the MYOB Setting up a Hire Purchase Arrangements , and am a bit confused.
Our company has purchased a new ute via a hire purchase, and I have followed the instructions to set up Liability, Asset and Expense categories. To record the initial purchase, it says to do a Spend Money transaction.
Years ago, I did a Journal Entry when we purchased a work ute via a Hire Purchase. arrangement, not a Spend Money transaction.
Can someone please help with more instructions, using MYOB Business.
Thank you.