As a term of employment, an agreement was made to make the monthly loan payment for an employees vehicle as it is utilized quite often for company use, how do I classify that in QBDT? Technically, it's not a company car, ergo, shouldn't be entered into the books as a company asset. (Nor are there loan documents to enter it as a liability). Payments are auto deducted twice a month directly to the financial institution that holds the loan, not to the employee. Thanks
