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Status Answered
Created by AgExpert Support
Created on Oct 26, 2016

Disqus Agexpert Accounting Questions Archive

How do I post a dealer rebate on an equipment purchase?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hello Carmen! :) First thing you'll need to do is go under the Setup menu to Capital Assets and split off the rebate portion from the capital asset. Just select the asset and then click on the Split button on the right hand side. Once that's done, you'll have two assets instead of one. The original will now be the purchase price less the rebate and the 2nd should be the value of the rebate. Then go and post a deposit (assuming they gave you a cheque) and balance that with a C- line to sell the rebate portion of your capital asset split.

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