Forum Message

car

I have purchased car (do i record it as an asset on the motor vehicle section) although i have paid it from my business account?
I’m a partnership business not a LTD

Kind regards

Andrew


Posted by Andrew Lee on Dec 5, 2010 9:25 AM GMT

Hi Andrew,

If it is a business car, allocate the purchase to the 'Motor Vehicles' asset account. If it is a personal car, record a non-business payment as described here:
http://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php

Regards,


Posted by Mark McLaren (Solar Accounts) on Dec 5, 2010 3:56 PM GMT