Account Set up

This is the situation:

had finacing for one truck, paying monthly...traded it in on a lease for a new truck with different finace company. the previous truck was bought out by the new dealer leaving it paid in full as far as my company is concerned New truck is leased and there is monthly hst on the payments.

how do i show the buy out on the old truck and set up the lease payments for the new one. tried loan manager on the new one but that doesnt have area for hst (itc)

thanks for the step by step

Reply to
ME
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Not enough details given unless responder goes through all types of if thens. Start off by defining "hst".

Reply to
Haskel LaPort

Tis my guess the OP is in Canada and he means Harmonized Sales Tax.

Reply to
Golden California Girls

yes hst is the tax.....i just need an overview of what to do...how to set up vehicle lease and how to account for a buyout of existing vehicle...

Reply to
ME

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