How do I record a loan payment which includes paying both interest and principal?

[compuit]

Hi I found this helpful in 2014

Hire purchase setup - GST accrual basis

I need some help with the setup of accounts in Manager for the purchase of a company vehicle (asset) by means of hired purchase. I had a quick check but did not find a matching scenario in the forum or guides. Hopefully we could get some clear Manager step by step procedure. If I have missed something please point me in the right direction because this is something many small businesses have to do at the outset of their operation. Thank you. Here is an example: Vehicle Cost: $13 970.00 includi…