I am looking for help setting up in QB Pro 2015 a new van that we purchased. We did a down payment (2  checks actually) and financed the rest.  I am not a bookkeeper and get confused and the debit and credit answers. 

I went to set up a fixed asset account and the first part asked to categorize it as income or expense.  Not sure which to choose. 

Then I need to set up an account for the loan amount.  Should it be a loan account or a long term liability account?  And do i include the amount financed  or the total amount with the interest costs?   Where do i account for the deposit on the van? One was for $1000 and one was for $9000.  I posted them temporarily in the fixed asset area, but not sure if that is correct. (I can always change it) 

I have set up other loans but not sure that i have done it correctly. 

We dont do depreciation thru QB.  Our accountant and tax preparer does that when we do our taxes. 

since i don't really understand all the ins and outs of bookkeeping I would need to be walked thru it very simply.  but walked none the less.  sorry!!!

But any help would be greatly appreciated!!

Thank you!