Examples of common Vehicle Purchase transactions in DragonDMS and the related postings created in Sage50 Accounts.
The Nominal Codes in these examples may not match the nominal codes that you have setup in your DragonDMS. The purpose of these examples is to show you what information is posted to Sage for each transaction in the DragonDMS, irrespective of the nominal code you have chosen to use.
Vehicle Purchase Invoice
Purchase Invoice printed for a vehicle brought into stock supplied by Used Car Supermarket for £6,500.00.
1. Purchase Invoice (PI) raised against supplier (USEDCARS) which debits 5300 – Used Vehicle Purchases – Retail
2. Journal Debit (JD) created against 1020 – Used Vehicle Retail Stock
3. Journal Credit (JC) created against 5309 – Used Vehicle Closing Stock
In Sage record the payment made to the supplier.
Vehicle Purchase Invoice with outstanding finance
The link below has a number of different scenarios for both margin and VAT Qualifying vehicles with outstanding finance and negative equity outstanding finance:
Outstanding Finance on vehicle purchases – How they post to Sage – Knowledgebase (dragon2000.co.uk)