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dealing with new van purchase

Sage 50 general help forum - Free help and support for all general issues
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rystjest
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Joined: 25 Aug 2010, 19:15
Sage Version: V10 UK/Europe/Africa

dealing with new van purchase

Post by rystjest » 25 Aug 2010, 19:20

Hi All

can you please help with dealing with a new van purchase using sage line 50 what is the correct procedure for dealing with the new asset

thanks stuart

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brucedenney
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Sage Version: v30 UK/Europe/Africa

Re: dealing with new van purchase

Post by brucedenney » 06 Sep 2010, 10:53

There are several aspects.

The purchase itself - was this an account transaction or was it a bank payment.

did you actually buy it or is it on lease, hp, contract hire, is there a loan etc etc.

Howe do you do your depreciation? Leave it to the accountant at year end, do manual journals or use the sage automated journals at the end of each month and the asset register.
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