There are many finance options available to purchase capital equipment, including:

• chattel mortgages: ownership of the item transfers to the business when the lending company pays the supplier of the goods.
• hire purchase: ownership of the goods remain with the lending company until the agreement is paid out.
• lease agreements: ownership stays with the leasing body and the goods are never owned by the business.
• personal loans: these loans are usually from those close to the entity (e.g. directors, family or benevolent friends) and can be treated in the same manner as a chattel mortgage.

AccountRight can be set up to record the specifics of your capital purchase arrangement, but there's a few variables which need to be considered, including:

• the terms and conditions of your purchase agreement
• your GST reporting basis (cash/payments or accrual/invoice)
• the tax/GST implications (the ATO (Australia) or IRD (New Zealand) have good info on this).