restvärde

[syedaabidi]

Hello, 

I just completed my 3-year leasing contract, and I used the following accounts for my bookkeeping:

 1220, 2641 and 1930 

Now I received an invoice for restvärde, and I need help. How do I post it?

Thanks. 

[Joachim E]

Hi

Don't really understand. Is it when you paid the leasingfees each month you used 1220, 2641 and 1930?

I suppose you bought the car after the leasingperiod was over and that is what the invoice concerns?

/Joachim

[syedaabidi]

Hi, yes we posted this leasing fees every month and now this is final invoice.  

[Joachim E]

Hi

Ok that's not really god since the leasingfees aren't correctly accounted for during those 36 months. Have you enter halv the VAT on 2641 if it is concering a car since only half the VAT is deductable.

Is it concerning leasing of a car it should have been accounted for like below. In my example the invoice where on 5 000 kr an 1 000 kr of that amount is WAT

1930 credit 5 000
5615 Leasing debet 4500
2641 VAT 500 

It's not an asset when you lease something. It should be accounted for as a cost. So i would say since this is wrongly accounted for during 36 months that you need to seek help from an accountant since you financial results aren't correct during that period.

/Joachim

[syedaabidi]

Its not a car its shop equipment.

[Joachim E]

Ok but the same rules applies when it comes to the cost. The VAT is fully deductable on the other hand. So still it needs to be corrected.

I don't have the possiblility to help you with this since it will effect closed years.

/Joachim