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Re: purchase asset

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February 21, 2013 03:48PM
Corporation project - receiving payment from you.

1. Go to Accounting - Income, Sales and Deposit - Record Income or Sales.
2. Select you as the Purchaser - enter date of payment deposit and memo in the description box.
3. Click on the Other Sales and Expense Reductions button.
4. Enter the dollar amount of principal portion oa payment only. Change account on left to other accounts and highlight the A/R Loan - your name. Click OK.
5. Click on same Other Sales button. Enter the amount for the Interest only. Highlight the Revenue account for Interest earned and click OK.
6. Total Sale should now be the total amount of your payment to Corporation.
7. Use the Deposit Now button and select the correct checking receiving money and click OK.
8. Record and Done.

Personal Project:

Purchasing the house.

1. Go to Accounting- Payments and Purchases-Record Payment/Purchase.
2. Click on the Structure button to setup the House purchase. Enter the total amount purchased and OK.
3. From the How you paid section - click on the Loan button. Create the new loan that was setup with the Corporation matching house purchase cost - unless there was some sort of down payment. I would leave all this amount going to Principal Due at year end (which represents Long Term) Click OK.
4. Record and Done

Personal Loan payment to Corp.

1. Go to Accounting - Payments and Purchases - Record Payment/Purchase.
2. Select Corp as Vendor - Date and description.
3. From the Items purchased section click on the Loan Payment button. Select Loan name created from House purchase from Corp. Enter the amount of Principal and Interest amount into each of the correct boxes. Click OK.
4. Write check.
5. Record and Done.

Hope this makes sense.

Thanks,

Kathy Cline,
Trimble Ag Software Support
For fast replies email: TABS_Support@trimble.com
SubjectAuthorPosted

purchase asset

Earl WFebruary 09, 2013 12:56PM

Re: purchase asset

Kathy ClineFebruary 12, 2013 09:50AM

Re: purchase asset

Earl WFebruary 12, 2013 01:52PM

Re: purchase asset

Kathy ClineFebruary 12, 2013 04:47PM

Re: purchase asset

Earl WFebruary 17, 2013 04:01PM

Re: purchase asset

Mitch KonenFebruary 17, 2013 07:47PM

Re: purchase asset

Earl WFebruary 18, 2013 10:31AM

Re: purchase asset

Kathy ClineFebruary 19, 2013 09:34AM

Re: purchase asset

Earl WFebruary 20, 2013 03:15PM

Re: purchase asset

Kathy ClineFebruary 21, 2013 03:48PM



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