Hire Purchase Equipment setup & processing

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Posted on by Community Member

Hi,

It is a bit of preliminary curiosity.

Does any one deal with heavy equipment purchase especially through hire purchase arrangement with a bank ?

Can we setup a payment schedule (which is pretty much an amortization schedule) that will automate bank payment & AP entries with correct GL coding for interest and principal amounts that will vary month to month.

Thanks,

Zee

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Community Member on at

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Just refreshing the same query.

Aren't there any experts who can throw some light on this topic ??

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