Limited time. 50% OFF QuickBooks for 3 months.

Buy now & save
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.

Reply to message

View discussion in a popup

Replying to:
BusinessPerson5
Level 2

How to record court ordered restitution (receivable and payments)

There was a theft from the business in a previous year, the loss of the item was expensed then.  Now there is court-ordered restitution this person must pay back to the business.  How do I:

  1. enter in the overall restitution amount (the receivable, let's say it's 5,000.00), and
  2. how do I enter in the subsequent restitution payments?

 

Need to get in touch?

Contact us