How to Post Your Hire Purchase Journals on sage line 50

Before you begin to record your hire purchase agrrement, check that you have the following codes in your Chart of Accounts. 0050 Motor Vehicles (Balance Sheet - Fixed Assets) 0051 Motor Vehicle Depreciation (Balance Sheet - Fixed Assets) 4200 Sales of Assets (Profit and Loss - Sales) 2201 Purchase VAT Control Account (Balance Sheet - Current Liabilities) 2310 HP Creditor (Balance Sheet - Current Liabilities) 7904 HP Interest (Profit and Loss - Expenses) 7302 Licences (Profit and Loss - Expenses) 7304 Miscellaneous Motor Expenses (Profit and Loss - Expenses) 1200 Bank Current Account (Balance Sheet - Current Assets/Liabilities) If you need to create a nominal code or require more information on the Nominal Ledger Chart of Accounts refer to the Sage Line 50 Help system.