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.

Hi, thankyou for responding.

I am entering the trade in vehicle when a customer purchases a new vehicle and trades one in. I know i have been entering this incorrectly.  Would i be correct in saying i should simply enter the trade in on a purchase invoice. Then enter the new vehicle purchase under the same customer name in the receivables section? Then take payment for the receivable and pay the payable by the same form of payment?? This is the only way i can think of to get the trade in correctly. If i add anything to the trade like repairs or add ons i  do that at a later date in the inventory section. That part works well.