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Thread: How to capture HP on Pastel

  1. #11
    Site Caretaker Dave A's Avatar
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    What you do need to watch for in the monthly instalments is if there is a monthly admin fee or similar non-interest finance charge included - this will have VAT raised on it.

    It'll show up as a separate line item in the vehicle finance statement if you're not sure whether you're getting hit with this one or not, but I think most banks are charging it nowadays.

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    Hi Neville

    Thank you for your answer posted - i found it very helpful.
    Question - would the Finance Charges in advance be a asset on BS.

    Thank you

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