Promissory Note
I am trying to figure out how a promissory note works in TM in its relation to the GL. The promissory note is being paid over multiple years. This was booked in 2020/21. So, the revenue has already been realized. As I move into a new year, what type of account should this fee be booked against? I need to make sure that the A/R continues to go down which happens normally with the entry, but what is the other side of this entry?
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