Forum Discussion

margkout's avatar
margkout
Contributing User
1 month ago

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 f...
Isaiah_C's avatar
Isaiah_C
MYOB Moderator
1 month ago

Hi margkout,

 

Thanks for posting. I hope someone in the forum can jump in and share how they've handled something similar. That said, with vehicle purchases, leases and GST all in the mix, the best and safest next step is to check in with your accountant. They'll be able to confirm the correct DR & CR setup, GST treatment, and how the lease payments should be handled so everything lines up properly for BAS and year-end reporting.

 

Regards,

Sai 

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