Good morning,
We have been using Sage Business Vision for many years and we are currently thinking we may have been doing something wrong all along.
We are a car dealership, along with a recreational dealership. When we sell a new vehicle, and take a trade-in, when we process the sale on BV as per the following:
The new unit is entered with a cost, retail, and add the quantity to inventory. We use an "A" for a code under Model # and "04" under sales dept.
As for the trade-in, we use a "U" (for used) as a code for Model and "14" under sales dept, with no quantity entered. When we process the sale that way, the trade-in ends up adding the inventory to one, and then eventually when it is sold, the inventory goes back to zero.
But we have just noticed the following:
On the income statements, when the trade-ins is processed, it deducts the amount from the income side of the statement.
So our question is, what is the proper way to process a sale, with a trade-in?
Thanks.
Gerry Bourque
Bourque Auto Sales
Polaris-Yamaha-Suzuki
Utility & Enclosed Trailers
Ariens Snowblowers
Husqvarna Lawn and Garden
Legend Boats Powered by Mercury Outboards
#110, HWY 11 West
Cochrane, Ontario
P0L 1C0
(705) 272-6959
Fax (705) 272-6160
email: [email protected]