@Aaronc5150
Did you buy the vehicle in 2025? If so, and you sold it for cash, the entry to record the sale is a simple journal entry:
| | Debit | Credit |
| Bank Account (deposit) | 23,000 | |
| Vehicle (Fixed Asset - to close) | | 22,000 |
| Gain on asset sale (Other income) | | 1,000 |
You can also record that using a bank deposit (New > Bank deposit). List the vehicle's asset account at $22,000 and Gain on asset sale at $1,000 for a total bank deposit of $23,000.
If you bought the vehicle in a prior year and took (or should have taken) depreciation, then you will need to recapture the depreciation taken.
