Hello
We have just bought a used van from a dealer to be used for deliveries for our business - paid outright - no finance
Total cost inclusive of GST is 21.990.
We have paid:
$500 deposit from our Mastercard
$17000 via direct bank deposit from a personal savings account
$4490 via cheque from the business account
How do I record this in MYOB
- the actual purchase/payments
- the asset
-GST credit of 1999.09 so that it will show in the next BAS
I am at a total loss right now, thank you for your help