This article describes a way you can show the purchasing of the debtors and payments in your company file.
This article is provided for guidance only, and might not be suitable for your busines...
Updated 6 years ago
Version 2.0
Blog Post
Hi,
I found the above thread helpful but I am still unsure of how to record the advance payment of $75k that the factoring company paid? Do I need to set this up a liability account?
Any help would be much appreciated.
Thanks
Jo