Most likely this is a just semantic issue, but to be sure …
a guaranteed payment is a fixed amount paid monthly and must be specified in the partnership agreement, it is booked as an operating expense to the partnership and reduces net taxable income at year end.
Any other payments to […]
Resolution for 'company CC issue: 'Making payment to a third party on behalf of partner receiving guaranteed payments' available: Yes.
The company CC 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 company CC issue yourself by looking for a resolution described in the article. If it is a complex company CC issue or you are unable to solve the issue, you may contact us by clicking here or by using other company CC support options.
For more information about resolving issues related to company CC in Quickbooks/QBO or to get support for the issue 'Making payment to a third party on behalf of partner receiving guaranteed payments', click the link below: