Best way to record a new motor vehicle purchase?
Hi all, I'm using 2024 Reckon Accounts Desktop. Can you please give me some guidance on the best way to enter the purchase of a new motor vehicle and the finance contract please.
Should I enter the tax invoice for the vehicle as a bill or make a journal entry for the purchase? How should the finance contract be entered.
Sorry, I'm always a bit confused when it comes to recording motor vehicle purchases with finance.
Best Answers
-
I can help you with this if you would like to call me 0415 940843
1 -
Thanks Kris, I will give you a call today
0 -
Many thanks for your help today Kris, you explained the process fully and I really appreciated it (and on a weekend too!)
Denise
1
Answers
-
Dear Denise,
Which version of Reckon Accounts 2024 are you currently using?
If you're using Reckon Personal Plus or Home & Business, the function exists under the following menu:
- Go to Property & Debt;
- Select Add Account;
- Select Vehicle (with or without Loan).
Kind regards,
Alexis McKeown
Reckon Senior Technical Support
Alexis McKeown
Reckon Senior Technical Support
Working hard since 20180 -
You’re very welcome Denise, always happy to help
1 -
This content has been removed.
Reckon Staff