How do I enter a small equip asset purchase. Paid by £100 deposit to the supplier and the rest on a 12 month finance agreement. thanks

Hello Hannah30, 

Welcome to the Community page, 

Is it a hire purchase?

Is that 100-pound deposit an upfront cost and then you pay the rest over 12 months? 

You can create an asset for the equipment and a recurring expense for the 12 months for the payments. 

You can create the asset and the expense to reoccur and confirm with an accountant will be able to tell you exactly how to record it as we are not trained accountants just technical support.