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Once in a while, we collect money (as a direct bank deposit) on behalf of a client and pass it through to another organization. The money collected is
Once in a while, we collect money (as a direct bank deposit) on behalf of a client and pass it through to another organization. The money collected is NOT income. It is money the client owes the organization. We simply hold it until it is time to pay it out in a check. How can I record these transactions so they are not counted as income?
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