My client has just started MYOB Lite and I need to enter repayments for a Hire Purchase vehicle loan. The loan was done quite some time ago in another accounting package. I need to just enter the repayments. What account do I put them to?
Hi WendyFSBK
Thanks for your post. As we're not accountants we're not permitted to advise which accounts transactions should be posted to. If you're not sure we recommend checking with the client's accountant.
The Help Article, Loans and repayments, has general information on recording these transactions.
Please let me know if you need further help.
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