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-aaisltd-co-uk
Aug 11, 2022 9:12 AM UTC
Question

I have recently purchased a company van (including VAT) and need to know what catergory I should be logging this under on QB online? Nothing seems to match under assets?

I am at banking transactions and only have the option of expense or cheque? There is not specific category for vehicle purchase only equipment leasing or purchase-1 and neither of these fall under assets? the van was paid for outright so not leased? any advice?

1 reply

Ashleigh1
Aug 11, 2022 10:57 AM UTC

Hello -Aaisltd-co-uk, 

 

Welcome to the Community page, 

 

So you could put it against Tangible Assets/Vehicles but if you are not sure then we would advise you speak to a trained and qualified accountant who will be able to assist you more with it. 

 

Accounting>chart of accounts> new>account type- Tangible assets> Detail type- Vehicles> name - call it what you would like for example Vehicles.> Save and close then when creating an expense for example you can select that category to pout it against. 

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