Buying a car partly with loan and partly paid with cash

[María Óskarsdóttir]

Hi Hi

I am booking a transaction where I bought a car for e.g. $ 1.000 and paid with $300 cash and a loan for $700

How do a do this with Bkper?

[Jacob van den Berg]

Hi Maria, 

In these cases you can follow the actual cash movement to orientate your transactions on Bkper.
You receive the loan
01/01/2022 700 Loan (yellow, liability) >> Bank account (blue, asset)

You pay the car from your bank account
01/02/2022 1.000 Bank account (blue, asset) >> Car (Blue, asset)

You pay the loan (20) & Interests (10)
01/31/2022 30 Bank account (blue, asset) >> Loan (Yellow, liability)
01/31/2022 10 Loan (Yellow, liability) >> Interests (Red, expenses)

Hopefully this is helpful to you. 

Please join the conversation if you have any other suggestion to solve the question of Maria. 

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[María Óskarsdóttir]

Thanks <3

[Jacob van den Berg]

Your welcome!