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Apr 2, 2020 5:08 PM UTC
Question

recording non income and non expense entries held as customer balance

how to enter payments received and payments paid out, these are held  in on a customer's account and do not belong to the business,  and are not an income or expense

thank you

1 reply

May 7, 2020 9:32 PM UTC

Categorise the transactions into a liablity account,  :Customer balances".  If you need help reach me at [email address removed]