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Business & farm
Thanks so much, Tom. The screen shot helps immensely. This is exactly what I was expecting, but I can't seem to get to that screen. The Member Summary page says "Select Edit if you need to enter... Distributions of cash or property to members", but I never get taken to a page to do that. Weird. I may need to reach out Intuit support on that.
The Partnership uses accrual accounting, which is why I assumed we'd accrue the expense / distribution - so that the value of the business at the end of 2018 shows that we have an outstanding liability to this partner.
The Partnership uses accrual accounting, which is why I assumed we'd accrue the expense / distribution - so that the value of the business at the end of 2018 shows that we have an outstanding liability to this partner.
‎June 1, 2019
12:33 AM