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macfesto's avatar
macfesto
Contributing Cover User
2 years ago

Purchase of New Company Vehicle & Trade In

Hello,

 

I am after the entry in Myob for the following:

 

Purchase New Company Vehicle from dealer , outright no finance

with a trade in of old company vehicle to dealer

 

Can anyone help please , thank you

1 Reply

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  • Celia_B's avatar
    Celia_B
    MYOB Moderator

    Hi macfesto 

     

    Thanks for your post. Recording the purchase  of company vehicles can be complicated so it is best to speak to your accountant about how to enter this. They should be able to give you a general journal for the purchase. Different accountants want company vehicles recorded in different ways depending on the specific business. 

     

    You can check on this Help Article: Customer Trade-ins

     

    Please feel free to post again 

     

    If my response has answered your inquiry please click "Accept Solution" to assist other users to find this information. 

     

    Best Regards,

    Cel