Ok so I'm trying to record a car purchase but I'm a bit unsure and could use a second opinion to make sure I do this right. The way to handle a fixed asset purchase is to first create the asset as per the Guide at Manager Cloud.This has no effect on financials. Common errors on output tax. A sample entry to record a fixed asset purchase would be as follows: Fixed asset journal entry. Depreciation. CBP ports of entry, with their addresses and phone numbers, can be found on our Website under "Ports.