Capital purchases can sometimes be confusing when entering the information into the PcMars program.  We have tried to show four different scenarios when purchasing a tractor for $75,000.

 

Buying outright:  This first example of a capital purchase would be the entire purchase is paid for directly with a check.  This transaction was entered in the “Check/expense” screen.

Financing the whole purchase:  This example will show the capital purchase totally financed by John Deere Credit.  Before actually entering the transaction, the “Loan Vendor” will need to be set up.  The Loan Vendor screen would look similar to this (below):