How do i enter a vehicle trade in?

Question

We sell vehicles and often have trade ins. I need to know how to enter this trade in on my sales invoice and how do i get it into inventory. I cannot do this on my sales invoice.

Agate · Answer

S Masnica: 
 It is a little difficult to completely answer your question without more information. How are you entering the the trade value into Sage 50 (account number and name)? The trade value would normally be put through as a vendor purchase section of the software because you are basically purchasing it from the individual or company. To put this into inventory an inventory item has to be created with a cost (trade in amount) through the purchase invoice section of Sage 50. However, if there are additions (repairs, new tires, etc.) that have to be made/added to this vehicle item your cost will increase as well. Depending upon your situation and how you want it reported will determine how it is to be entered in Sage 50. Please feel free to respond back with more information or call or email me directly.

Sage 50 Canada

How do i enter a vehicle trade in?

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