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TEEJMYOBDFKA1's avatar
TEEJMYOBDFKA1
Cover User
4 years ago

Motor vehicle Purchase with Finance and Trade in

Hi all,   We are purchasing a new Motor Vehicle with a trade in of old + Finance.   i would usually process this as a journal although the dealership requires a tax invoice for the sale. So i ne...
Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi TEEJMYOBDFKA1 

 

Thanks for your post. As we're not accountants we're not permitted to advise on the accounts and tax codes required when recording transactions. You will need to speak to your accountant to ensure this is reported correctly.

 

Please let me know if you need further help.

 

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