PURCHASE ON INSTALLMENT

syedaabidi — Thu, 02 Jun 2022 14:38:20 GMT

HELLO,

I bought a fridge on intallment and I paid first installment this month. The question is how do I post it?

Re: PURCHASE ON INSTALLMENT

Tinne Lestrin — Fri, 03 Jun 2022 14:15:38 GMT

Hi syedaabidi!

When purchasing the fridge on instalment you could bookkeep it like this:

Account 1240 - debit
Account 2641 - debit
Account 1930 - credit
Account 2350 - credit

As for the instalment payment, you could for example bookkeep it like this:

Account 2350 - debit
Account 8410 - debit (interest amount)
Account 6570 - debit (for possible fees)
Account 1930 - credit (total amount)

I can highly recommend using the function Anläggningstillgångar if the fridge is classified as an inventory if you're not using it already.
You can find more info regarding the function here: Anläggningstillgångar.

I hope the above is useful to you.
Should you need any further information, please do not hesitate to reach out.

Have a great weekend!

/Tinne

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PURCHASE ON INSTALLMENT

Re: PURCHASE ON INSTALLMENT