margkout
1 month agoContributing User
Entering a new Asset - journal
Good morning
We have purchased a new work vehicle on lease. I have done this in a previous role entering in but cannot remember the correct procedure.
The owner put a $1000 deposit and has finance on the car. I do remember you need to Purchase Journal but I need some assistance with putting this in correct.
Can some assist with the correct DR & CR. Do I add in insurance costs and I want to add in MYOB so when the monthly payment comes out it debits the original amount. I also need to capture the GST component for the car purchase.
Thankyou