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Post Info TOPIC: Van & Finance introduced into new company - help with journals in Sage
kazraz


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Van & Finance introduced into new company - help with journals in Sage
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Hi Guys

I have a Ltd Co customer who in a previous company purchased a van on Finance.  That van and the finance have now been brought over to the new company.  I know how to enter the monthly payments for the HP via HP liability etc.  What I need help with is how to account for this van and the outstanding finance in Sage.  My thoughts are that I need to Dr 0050 Motor Vehicles & Cr 2310 HP.  Is it a question of working out how much finance is left and doing a journal between the two nominal codes for this amount? 

Your help with this much appreciated.

 

 



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