Forum Discussion

Paperboy1's avatar
9 months ago

Recording a refund

We have received a refund from a hire purchase company that has ended our lease earlier as a good faith gesture and have now credited us with funds.  As this was not a bond refund how would  I alloca...
  • DuncanS's avatar
    DuncanS
    9 months ago

    Paperboy1 Genreve_S 

     

    I believe that the refund is Interest that could have been charged.

     

    As Genreve mentioned, have a talk with your Accountant.

    Accounting for a HP can be complex.

     

    Duncan

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