Long time qb user, but I have a company who accepted a trade on goods delivered in lieu of a payment. Need to invoice the interest charged and then accept the payment. Payment is higher than the interest being charged so there will be a principal payment on his account.
I’ve never actually encountered this before. However, I did some digging around and I found a great resource that outlines exactly how this should be handled in QuickBooks. Here is the link:
Thank you for reading!
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