Roweboat17
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Re: Capital Purchases and Finance in AccountRight
I am trying to comprehend this but in relation to MYOB Essentials. I have looked up Essential Chattel Mortgage but it only gives me details to record a Hire Purchase and this looked different to the advice posted here. It didnt use an unexpired Interest Account. The details of the purchase are: Amount financed: $81,000 Cost: $89,100 Minus deposit: $8,100 No balloon payment Instalments made yearly (for 5 years) $18,983.07 Total Interest: $13,915.35 The establishment fee applies at settlement and is not financed: $401.80 I am trying to relate the advice above to Essentials so can anyone provide assistance or point me in the correct direction. Thanks Jo43KViews0likes0Comments