Tag: long term liabilities
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Long Term Loan from Family Member and Loan Foregiveness Gift
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How do you set up a liquor license purchase with Notes Payable in QuickBooks?
Case: Amortizable asset being paid off with Notes Payable I have an asset that needs to be amortized (a liquor license) and I’m confused about how to keep track of the payments we make on it in Quickbooks. The full price is $50K, we put $5K down, and make $750 payments each month (no…