This “a journal entry for the 200,000 crediting other income” is why. JE’s bypass accrual vs cash.
You can use a JE to create the receivable asset but not against income. Income happens as the note is depleted. I know you want the remaining balance to show as an asset on […]
Resolution for 'cash basis income issue: 'How to enter a lawsuit settlement paid over time' available: Yes.
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