We bought a vehicle which we put through quickfile, we then part ex’d the vehicle and paid an additional fee on top of the part ex. Could anyone please advise how this should be accounted for in Quickfile in the simplest way as i’m still fairly new to this!
Can you provide a little more info please… was the vehicle a car and therefore no VAT involved? original cost of the vehicle and the p/e value allowed against the newer one (assume again no VAT involved)? Was the balance paid via the bank or cash?
Both vehicles had no vat, the original vehicle was £21,500 and it was part exchanged for £21,000.
The balance was paid via the bank.
Ok…I will send you a link to the transactions first thing tomorrow.
Link to transactions here
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