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noblemobilecorp
Level 1
posted
‎April 22, 2020 12:57 PM
last updated ‎April 22, 2020 12:57 PM

Landlord deposited money in my bank account so I can repair the store, what should I register it as?

I have QB online with online banking connected. Online Banking registered it "Billable Expense" it is obviously not a billable expense but to be honest I dont know what the entry should be for that deposit.

 

Thank you in advance,

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Best answer April 23, 2020
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Rustler
Level 15
‎April 23, 2020 04:59 AM

Landlord deposited money in my bank account so I can repair the store, what should I register it as?

It is other income, then you spend it on repair expense

on the P&L income is reduced by expense and it will wash.

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1 Comment 1
Rustler
Level 15
‎April 23, 2020 04:59 AM

Landlord deposited money in my bank account so I can repair the store, what should I register it as?

It is other income, then you spend it on repair expense

on the P&L income is reduced by expense and it will wash.

Reply Join the conversation
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