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KVACCOUNTS's avatar
KVACCOUNTS
Member
11 months ago

Sale of business

We have recently sold our business, so I have some questions:   How to enter the proceeds into Accountright.  Should they be entered directly to an income account or be split up to income accounts...
Genreve_S's avatar
Genreve_S
MYOB Moderator
11 months ago

Hi KVACCOUNTS, 

 

I think it's best to consult an accountant or financial advisor for your situation. Your case may require a journal entry or passing the income through a clearing account since the income is positive and the loan is negative.

 

Thanks,
Genreve

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