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Thread: Adding vehicle purchases to Pastel

  1. #1
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    Adding vehicle purchases to Pastel

    Good Afternoon,

    How would I add a new vehicle purchased through vehicle finance onto pastel? I am not sure where to allocate opening balances and if I should use a long term liability account.

    Many thanks

  2. #2
    Platinum Member Mike C's Avatar
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    Hi Jacky - each of our vehicles fall under sub accounts of 5600/000 Instalment Sale Creditors (Balance Sheet B30 - Other long term liabilities)
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

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    Go to PROCESS -> JOURNALS -> GENERAL JOURNAL

    Your first account should be Motor vehicles at cost, your contra account should be the 5600/000 account. If you are registered for VAT, you need to claim VAT on the vehicle, should it not be a motor vehicle as defined in the VAT Act.

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