it is income
Whether you book the income immediately, or post it to a deferred income liability account you create would depend o the item period between the draw and the final payment. Couple of week or so I would book to income.
Resolution for 'corp payments issue: 'How should I receive corp to corp payments to one of the owners of my s-corporation?' available: Yes.
The corp payments 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 corp payments issue yourself by looking for a resolution described in the article. If it is a complex corp payments issue or you are unable to solve the issue, you may contact us by clicking here or by using other corp payments support options.
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