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January 30, 2020
Question

How can I record transactions from a funding agency, receiving funding and interest when invoices are paid

  • January 30, 2020
  • 1 reply
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Our Company has been working with a funding company, I need help on how to record those funds , Interest paid and invoices paid. Thanks for your help.

1 reply

January 30, 2020

Hi there,

 

Welcome to the Community. Making sure you're recording your transactions the right way is a good exercise for preventing errors in your books. 

 

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help.