Hi Tegan,
I have a few questions in order to better assist you. Was there a downpayment towards this purchase, or a payment applied? Did this occur in your current fiscal year? You would enter a Withdrawal transaction for the amount that came out of the bank (if any), followed by a Capital asset purchase line (C+), for the full amount of the Gator. I would check with the accountant to see what class it falls into. Next you would have a Loan Addition (L+) line for the amount of the loan. Finally you might have an Expense (EX) line if there were any fees, if any. I recommend giving me a call at 1-800-667-7893 if you have any trouble with this as it may be easier to deal with over the phone. Thanks!
