vehicle cast 1050000/- down payment 350000/- loan amount 700000/- interest 150500/- for 27months Kindly describe which are all accounts need to create under which heads in manager

On the purchase of the Vehicle Spend Money : 35,000 Assets : Fixed Asset : Vehicle 105,000 Liabilities : Loan Account : -70,000 (note minus) Assets : Unpaid Interest : 150,500 Liabilities : Loan Account : -150,500 (note minus) Monthly payment - Loan & Interest Spend Money : 8,166.66 Loan Acc…

Hi I found this helpful in 2014 [image] 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…

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

compuit June 28, 2016, 9:07pm 3

Hi I found this helpful in 2014

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

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