I am the bookeeper for a takeaway shop and they have purchased motorbikes for delivery purposes on finance
They have paid 404.70 in a deposit (inclu VAT) for each bike
And financing 3192.30 which they pay monthly for.
I have put the monthly payments under motor vehicles.
But i'm not sure how I account for the finance part (I use Xero)
Pretty new to this so any help would be appreciated.