Constructive Receipt IRS pub 538 –
Income is constructively received when an amount is credited to your account or made available to you without restriction. You need not have possession of it. If you authorize someone to be your agent and receive income for you, you are considered to have received […]
Resolution for 'CC transaction issue: 'Cash basis accounting – when do we treat a cc transaction as income?' available: Yes.
The CC transaction issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the CC transaction issue yourself by looking for a resolution described in the article. If it is a complex CC transaction issue or you are unable to solve the issue, you may contact us by clicking here or by using other CC transaction support options.
For more information about resolving issues related to CC transaction in Quickbooks/QBO or to get support for the issue 'Cash basis accounting – when do we treat a cc transaction as income?', click the link below: