cash accounting and how to handle funds left in PP at end of year
megnyc
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Posted on
Mar-31-2021
06:44 PM
So, if you are using the cash method for accounting. And you have funds left over in your PP account that came in for services/goods that you hadn't moved to your bank account. How do you handle that? do i only consider the money in my bank account? or do i count the funds in PP that were collected in 2020, but not paid out to my bank acct till 2021?
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