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S
SRGN
November 4, 2019
Question

Installment payments made by buyer buying company

  • November 4, 2019
  • 1 reply
  • 0 views

I have a customer who will be making monthly installments for a set term, at the end of which they will own the company.  How should I record these installments?

1 reply

J
JamesM
November 4, 2019

Hi there,

 

Welcome back to the Community. I want to make sure you get the best answer on how to account for this the right way. 

 

I recommend contacting an accounting professional. 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 assist. :)

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