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calivalley
October 31, 2023
Question

How to record Car Loan from Personal Funds-QB Desktop

  • October 31, 2023
  • 1 reply
  • 0 views

We purchased a used car for our business. We paid $3000 with our business credit card, which we paid fully from our business bank account when the bill was due. The remainder of the vehicle price, taxes, and fees were paid using personal funds, using a personal check. I think that I will depreciate this vehicle, but am unsure how to record the transactions. Also, do I need to separate the vehicle price from the taxes & fees when recording the loan? Thanks in advance!

1 reply

JenoP
JenoP
October 31, 2023

Hi there, calivalley.

 

I can see that a similar question about car loan was also asked in a separate thread. Here's the link: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/auto-loan-from-personal-funds-qb-desktop/00/1333586

 

The Community is always here if you need anything else. 

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calivalleyAuthor
October 31, 2023

This link did not work.

AlcaeusF
AlcaeusF
October 31, 2023

Hi Calivalley,

 

I appreciate you for getting back to us here in the Community space. My colleague has updated the link. You should now be able to access the thread without issues.

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