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ronatbas's avatar
ronatbas
Ultimate Cover User
10 years ago

Capital Purchases and Finance in AccountRight

HOW TO RECORD CAPITAL PURCHASES AND FINANCE IN ACCOUNTRIGHT   There are many finance options available to purchase capital equipment. Commonly used in Australia are:   chattel mortgages: ownersh...
ronatbas's avatar
ronatbas
Ultimate Cover User
8 years ago

The monthly payment should be bank to loan for the total payable. To pick up interest payment you need to do another spend money Loan Account to Unexpired Interest. This can be done periodically and is often left to end of year.

 

Ron B

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