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Status Answered
Created by AgExpert Support
Created on Oct 14, 2018

Disqus Agexpert Accounting Questions Archive

Hi, My John Deere statement this month is for parts and gps equipment. The gps equipment has a 180 interest free payment option. The 180 days is not up until well into our next tax year. How would I enter this?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Karen! Enter it as a Payable Charge instead of Withdrawal and post it as a C+ (capital asset purchase) to Class 8 Equipment.

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