Hi
I have just started using Sage 50 , after many years using Tasbooks. I have just ordered a new van, which I am going to purchase via a loan through my bank, I am Vat registered too, so I will be paying all the Vat to the supplier of the loan and will be claiming all this back, But can anyone please advise me on how I enter this transaction in Sage 50.
Basically I am paying a deposit + all the vat up front and will be paying monthly payments and a final balloon payment at the end, there is also a admin fee too, which is payable with the first instalment.
Any help is apretiated.
Thanks
Need more, need help now?
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals
New Vehicle Purchase . Help please
-
brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Re: New Vehicle Purchase . Help please
it is a t1 zero nett total vat payment for the VAT
Assuming the rest is on finance, then journal, to transfer the value of the van to the asset account and to a creditor account for the HP company.
Each payment is then a split part is repayment of the loan and part is payment of interest on the loan.
Frequently people just make a payment and then at the end of the year do a journal to split it.
Assuming the rest is on finance, then journal, to transfer the value of the van to the asset account and to a creditor account for the HP company.
Each payment is then a split part is repayment of the loan and part is payment of interest on the loan.
Frequently people just make a payment and then at the end of the year do a journal to split it.
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.
Who is online
Users browsing this forum: Amazon [Bot] and 1 guest