MYOB Vehicle Purchase Entry

A single but slightly complex transaction needs to be entered in my MYOB file. I traded in an old vehicle, paid out the remaining loan, and purchased a new vehicle that is now financed by a fresh loan. The entry must be handled through the General Ledger so the books tell the full story in one clear spot.

Key figures that must appear against the correct accounts:
• Loan details (old loan payout and new loan balance)
• Trade-in value applied against the old asset
• Cost of the new vehicle capitalised correctly
* GST

I will supply the dealer invoice, payout details on dealer invoice, and all supporting paperwork. Once the journal is posted I’d like a brief note explaining the allocation so my accountant can trace it easily at year-end.

The file is on MYOB Business, so experience with that environment is essential. Access can be provided via invitation as soon as we agree on the task.