Hello,
I am a new user of QB Pro 2007. We recently sold one of our properties and from the escrow final settlement statement, there were corresponding debit and credit entries that needs to be entered on Quickbooks. Should I encode it as it is presented in the document?
Some entries would result to a deduction on the expense account. Example, a credit entry for a "X.XX" amount representing Property Taxes.
Anyone using QuickBooks Pro 2007 for a property development and management co. would probably knows how to treat it in the system. Thanks in advance.
Ralph