To record the entry for the purchase of a vehicle you will need two things, your vehicle purchase contract and your loan documents. GL accounts used: Fixed Assets (Transportation Equip or Vehicles) - Debit Note Payable (Setup a new GL for each Note you owe) - Credit If there was a down payment - Cash in Bank …
Inventory Stock Type 3 (VSM - Vehicle Sales Module) The Vehicle Sales Module is covered in more detail under Vehicle Sales . If you do not have the Vehicle Sales Module this screen will not be accessible. Vehicles or Unit Sales are large dollar items that can have several factors affecting the cost such as In…