How do I enter the purchase of a business vehicle? There is no loan. Just paid a deposit and then will pay the balance soon.

Hello there, @Jenny.

Let me share some information regarding your concern about entering the purchase of a business vehicle in QuickBooks Online.

In QuickBooks Online (QBO), you can set up your liability account to track business vehicles. I'll walk you through how:

Step 1: Set up a liability account to record the business vehicle.

Create and set up a liability account. If you add a deposit to the liability account during Step 1, you will need to make a second Journal Entry.

Entering a balance credit the liability account for the business vehicle uses an offset to open balance equity. If the credit is added again in step 2, it will result in a duplicate entry to the liability account. Debit the liability account and credit opening balance equity in the second journal entry.

1. Go to Settings and choose Chart of Accounts.
2. Choose New to construct a new account.
3. From the Account Type ▼ dropdown, select Non-current Liabilities. Please note that if you plan to pay off the liability by the end of the current financial year, select Current liabilities instead.
4. In the Detail Type ▼ dropdown, select Notes Payable (or Loan Payable).
5. Provide the account with a relevant name, like "Loan for a car" or "Business Vehicle."
6. Select when you want to start tracking your finances. In the Unpaid balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
7. Then Save and Close.

Step 2: Record a liability repayment.

Follow these steps to record each liability repayment when you're ready to pay it back.

1. Select + New and choose Cheque. Or if you're in the Business view, follow the steps to switch to the accountant view first. Then return to these steps.
2. Add a cheque number if you plan to send an actual cheque. 
3. If you use direct withdrawal or an EFT, enter Debit or EFT in the Cheque no. field.
4.  Then enter the following in the Category details section of the cheque:

1. From the Category dropdown, select the liability account for the loan. Then, enter the payment amount.
2. For the second line, please choose the expense account for the interest from the Category dropdown. After that, enter the interest amount.
3. On the following lines, you can add any additional fees by selecting the appropriate accounts from the Category dropdown.
4. Once you have finished, please select Save and Close.

Furthermore, here is an article to learn how you match your bank and credit card statements: Reconcile an account in QuickBooks Online

If you have any more questions or need further assistance with handling your purchase of a business vehicle or any QuickBooks-related concern, please feel free to reach out. We're here to help you navigate.