[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: How to handle periodic cash reciepts vs. non-periodic accounts payable?

Tony Fraser writes:
> As has been said if this is a big part of your business you may _want_ to
> break the transaction into to so you can book the pre-payment to a
> liability account.

To be pedantic, all rent payments should be booked as liabilities as rent
is normally paid in advance.
John Hasler 
Elmwood, WI USA