Reports and accounting
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I have a client who is selling assets on an installment basis to a current regular customer. The two of them want to see invoices produced for each additional item included in the agreement as that item is added. They also want to produce invoices for interest charges. This is an installment agreement that I think should be presented on the Balance Sheet as an account separate from Accounts Receivable. However, it seems to me that in order to product and track invoices, these transactions would have to go through a customer that is attached to A/R. How can I honor the buyer and seller's invoicing request and still have proper balance sheet presentation?
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