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Replying to:
haskenazi1
Level 3

Guaranteed Payments and expense reimbursements

Hi 

 

If a partner was paid back by the company for money he laid out for an expense, is this considered guaranteed payment? I am trying to reconcile our guaranteed payments accounts but not clear so far whether reimbursed expenses were classified as GP and not intuitively clear to me whether they should be or not.

 

Thanks 

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