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January 31, 2021
Question

Recording asset purchase in QBO

  • January 31, 2021
  • 1 reply
  • 0 views

My company purchased assets from another company and the asset purchase included AR and Deferred Revenue. How do I record these in QBO. The AR was paid on different days (as invoices cleared) and Deferred Revenue (basically prepay for contracts) was paid on various dates.

1 reply

asha_kanta_sharma
October 24, 2021
You can book these in different line items to have clarity and transparancy.


Thanks