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June 3, 2020
Question

Placed order and added a few items for our franchisees to save on shipping. It's not really a sale, so how do we classify the check they gave us to cover their share?

  • June 3, 2020
  • 1 reply
  • 1 view
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1 reply

Rustler
Level 15
June 10, 2020

the purchase is an expense (Other expenses), the check you receive is income, I would use Other Income, on the P&L income is reduced by expense