Hi Debby!
The answer to this question depends on how the vehicle was purchased. Was there a cheque written? Or a loan that was acquired to purchase the vehicle? All of this is taken into consideration.
Generally speaking, you will need to post a transaction through the transaction entry screen to account for the purchase of the vehicle. In that same transaction, you will need to account for any cash changing hands, any financing received, documentation fees, GST/HST, and so on.
If you need help with a specific transaction, you may want to email us at support@fccsoftware.ca with some of the details, or you can give us a call and speak to one of our support analysts. We typically will get the numbers from you, and help enter and balance the transaction.
I hope this helps!
