Posted 1/6/2023 18:13 (#10026080 - in reply to #10010378) Subject: RE: QuickBooks lien settlement question
Floyd County, Iowa
Kinda late to your party here, but that's how I would do it, depending on how your business and accounts are set up.
Actually, I have an account "9999 Temporary Distribution" that I put questionable things in until we meet with CPA. It pops out at him like a......, well it gets his attention, so I won't forget anything.
You can always go in and change it before you file if you need to, by either direct transaction change or journal entry, after you visit with your CPA. I'd make sure your CPA is in approval before closing out your year. Here, I don't close the year until after we meet with ours and file our taxes. But that's here and you're there.