Trying to enter new vehicle purchased as a asset, and the loan liability for the financed portion.  Been reading this old response over and over.   My question comes down to this:  Should the amount shown for the Fixed Asset for the truck be:   just the Amount Financed?  Or the Amount Financed plus the Interest we're paying?   If just the amount financed, how do I show the correct starting balance for the Loan Liability account?  thank you if you get this.