Would like an example of the chart of accounts and entries for accruing partners distribution to be distributed the following fiscal year after the certified audit of fhe previous fiscal year. We have been on a cash accounting basis.
Set up "accrued distributions" for L.P.
Sep 01, 2007
1 Replies
partners distribution to be distributed the following fiscal year after the certified audit of fhe previous fiscal year. We have been on a cash accounting basis.
distributions have no effect on profits so why would you want to accrue this?
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