Vehicles

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Transaction

 

Debit

 

 

Credit

 

 

Notes

 

 

 

Nominal Code

Nominal Description

 

Nominal Code

Nominal Description

 

 

 

 

 

 

 

 

 

 

 

 

1.

Consigning a Vehicle

 

1.30.60.81

Vehicle Consignment Stock

 

1.30.60.85

Consignment Stock Suspense

 

 

 

 

 

 

 

 

 

 

 

 

2.

Receipt Deposit

 

1.30.60.0

New Vehicle Bankings

 

1.30.60.83

New Vehicle Debtors

 

VAT is declared on the deposit in all cases, the VAT accrual is reversed when the vehicle is invoice.

 

 

 

0.0.70.91

Deposit vat Suspense

 

0.0.70.3

Output vat

 

 

 

 

 

 

 

 

 

 

 

 

3.

Posting of a Purchase invoice (Directly to the Purchase Ledger)

1.30.60.80

Vehicle Stock

 

0.0.70.2

Purchase Ledger Creditors

 

Applies to all costs posted against a Stock Number. The costs are posted to the Profit and Loss cost heads when the deal is closed.

 

 

 

0.0.60.4

Input VAT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

Posting of a Purchase Invoice (as a delivery note to the GANI)

1.30.60.80

Vehicle Stock

 

0.0.70.2

Purchase Ledger Creditors

 

Applies to all costs posted against a Stock Number. The costs are posted to the Profit and Loss cost heads when the deal is closed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Invoice Vehicle

 

1.30.60.83

Vehicle Debtors (Vehicle)

 

1.30.60.83

Vehicle Debtors (Part Exchange)

 

 

 

 

 

1.30.60.83

Vehicle Debtors (Settlement)

 

0.0.70.3

Output vat (Vehicle)

 

 

 

 

 

0.0.70.3

Output vat (Reverse Deposit posting)

0.0.70.91

Deposit vat Suspense (Reverse Deposit posting)

 

 

 

1.30.70.97

Sales Suspense (

 

 

 

 

 

 

 

 

1.31.60.80

Used Vehicle Stock (Value given to Customer)

1.30.10.84

Sales Finance Commission

 

 

 

 

 

 

 

 

1.31.60.80

Used Vehicle Stock (Over Allowance value)

 

 

 

 

 

 

0.0.70.87

Settlement Suspense

 

 

 

 

 

 

 

 

 

 

 

 

6.

Receipt Balance of Vehicle

 

1.30.60.0

New Vehicle Bankings

 

1.30.60.83

Vehicle Debtors (Vehicle)

 

 

 

 

 

 

 

 

 

 

 

 

7.

Adopt Vehicle

 

1.30.60.85

Consignment Stock Suspense

 

1.30.60.81

Vehicle Consignment Stock

 

This posting is the reversal of the "Consign a Vehicle" transaction

 

 

 

1.30.60.80

Vehicle Stock

 

0.0.70.2

Purchase Ledger Creditors

 

The credit will be posted to the GANI if a the Delivery Note field is used. No vat will be posted in this circumstance.

 

 

 

0.0.60.4

Input vat

 

 

 

 

This is a special occurrence of transaction 3

 

 

 

 

 

 

 

 

 

 

8.

Pay Settlement

 

0.0.70.87

Settlement Suspense

 

0.0.60.6

Bank Account

 

Vehicle Debtors will be credited if a Contra is posted.

 

 

 

 

 

 

 

 

 

 

9.

Receipt Finance Commission

 

0.0.60.6

Bank Account

 

1.30.60.83

Vehicle Debtors

 

 

 

 

 

 

 

 

 

 

 

 

10.

Close Deal

 

1.30.70.97

Vehicle Stock Suspense

 

1.30.60.80

Vehicle Stock

 

 

 

 

 

1.30.20.30

Discount - Vehicle

 

1.30.10.30

Sales - Vehicle

 

 

 

 

 

1.30.20.31

Discount - Factory Options

 

1.30.10.31

Sales - Factory Options

 

 

 

 

 

1.30.20.32

Discount - Dealer Fitted Options

 

1.30.10.32

Sales - Dealer Fitted Options

 

 

 

 

 

1.30.20.33

Discount - Delivery

 

1.30.10.33

Sales - Delivery

 

 

 

 

 

1.30.20.35

Discount - RFL

 

1.30.10.35

Sales - RFL

 

 

 

 

 

1.30.30.31

Cost of Sale - Factory Options

 

1.30.70.93

1st Service Accrual

 

The value of the house charge is set up in Vehicle Parameters

 

 

 

1.30.30.32

Cost of Sale - Dealer Fitted Options

 

1.30.22.30

Over Allowance

 

 

 

 

 

1.30.30.33

Cost of Sale - Delivery

 

 

 

 

 

 

 

 

1.30.30.35

Cost of Sale - RFL