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October 2022 - last edited October 2022 by Steven_M
October 2022 - last edited October 2022 by Steven_M
I have recently sold my business and the money has been deposited into my business account. Our Lawyer has taken his cost out of sale price and deposited remaining to us. I was wondering how or where do I allocate this deposit.
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October 2022
October 2022
Hi @Kingy
Thanks for your post. As we're not accountants we're not permitted to advise on which accounts to allocate the sale amount and lawyer costs to. I'd recommend speaking to your accountant to check the accounts and tax codes for that transaction.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Cheers,
Tracey
Previously @bungy15
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