Lease to Buy with $1 buyout for vehicles

Hi @hermanehrd 

it is great that you have reach out to the community for some guidance. Making the correct transactions and knowing where to put the amounts is of upmost importance. 

Because this transaction falls into accounting territory, it's best to reach out to your accountant to make sure all the appropriate accounts are adjusted as they are trained on how to do this. If you don't have an accountant no need to worry, we can help. You can go to My Accountant>Find a pro to help to find an accountant in your area.

Noelia

Hi hermanehrd,

Welcome to the QuickBooks Community. You can reach out with your questions for support or use the community as a reference guide that points you to helpful articles. I can guide you down the right path.

QuickBooks Desktop has the QuickBooks Loan Manager included making tracking your loans a breeze. You can always Manually track loans if you prefer. I found a question asked by another user that you may find helpful. A couple of our accountant users from the community shared how to record a lease-to-own product to assist them. Feel free to review the explanation to see if it's a good fit for you: How to Record "Lease to Own" Computer asset. 

When recording transactions like this, it's a good idea to touch base with your accountant. If you don't have one you use, Noelia shared how to find one familiar with QuickBooks in her post above.

I'll be here if you have any other questions. Take care.