Car Loan

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Car Loan

Hi there. If i purchased a company car with a car loan and the bank financed the whole purchase and paid directly to the car dealer, how do i account for this? I have made a car loan account and a company vehicle account.

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Ultimate Partner
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Ultimate Partner
Australia
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Re: Car Loan

@Pasta

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

Please find attached an old work sheet that explains about loan purchases.

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
First Class Accounts Clayfield
Mobile: 0402 841 627
gday@firstclassaccounts.com
MYOB Certified Consultant
MYOB Diamond Partner

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