accountability
Apr 9, 2007, 02:49 PM
I must put down earnest money to purchase property. Where does the entry for earnest money go in the chart of accounts?
lsbean
Apr 10, 2007, 01:11 PM
I must put down earnest money to purchase property. Where does the entry for earnest money go in the chart of accounts?
It would go in the assets section of the chart of accounts under deposits or create an account called earnest money deposit. This money should be kept separate from all the other funds, like trust monies.
Randi1234
May 16, 2007, 11:12 PM
On my chart accounts how would I post A car payment