When we first started trading we purchased a old van that has now come to the end of its lift and we have scrapped it. How should I enter this into Solar

Hi Tom,

I assume that the Motor Vehicles account balance includes the residual value of the van. In that case, just record a General Transaction from the Motor Vehicles account to the 'Depreciation and Loss on Sale' account for the value of the van.

Regards,

Hi Mark

Unfortunately I had not created a motor vehicle account when I purchased the vehicle. I take it I need to set it up in Assets and the move the original invoice over to Motor Vehicle

Hi Tom,

Solar Accounts comes with a Motor Vehicles asset account by default - just allocate to it when you record the initial purchase.

Regards

Mark I purchased Solar through David Pickering and he set up the accounts for me but deleted a vehicle account.

Hi Tom,

Oh OK - in that case create a new account by clicking menu File > New > Account. Set the Account Type to Asset and the Account Name to 'Motor Vehicles'.

Cheers,