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Re: How to handle periodic cash reciepts vs. non-periodic accounts payable?
- Subject: Re: How to handle periodic cash reciepts vs. non-periodic accounts payable?
- From: John Hasler <..hidden..>
- Date: Tue, 26 Sep 2006 11:21:45 -0500
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.
Elmwood, WI USA