Happy Monday, @RhondaL.
You’ve reach the right place to record a vehicle purchase. There’s a couple ways to record the expense.
The first option is recording the expense by creating a check.
- Click on the Plus (+) icon, choose Check.
- Enter the necessary information.
- Choose the correct Bank/Credit Account.
- Under the Category drop-down, choose the asset account, and enter the Amount.
- Select Save and Close.
The second option is by creating a Journal Entry.
- Find the Plus icon, Click Check.
- Enter the necessary information.
- Choose the correct Bank/Credit Account.
- Under the Category drop-down, find the asset account, and enter the Amount.
- Click on Save and Close.
You may also want to consult with an accountant to ensure it’s recorded the best way for your business needs.
I’m always here to lend a helping hand. Feel free to reach back out if you have any other questions.