How to record sold asset
shi
Member Posts: 67 Reckoner 
Hi
May I ask how to record a sold car in Reckon plus 2023 (Desktop)?
Thank you
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Answers
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Do a cash sale and an item linked to Motor Vehicle asset account (the account that the original would have gone to) and use GST tax code if you are GST registered. You can also do a journal entry if familiar with these
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@shi If the vehicle is owned by an entity (eg your trust or Pty Ltd company) & has been being claimed by that entity, this needs to be reported as a 'sale' & - if GST-regd - included at G1 on your BAS so it should be linked to an applicable Income account.
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Thank you. I need to check the Reckon and see how it was recorded originally.
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Thank you for your reply. Very helpful. I will check the the original record in the reckon.
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