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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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Rainflurry
Level 15

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@lyndaj 

 

This reply assumes there is no seller financing, no non-compete agreement, and no previously booked goodwill.  Create two 'Other income' accounts, one called 'Gain on Goodwill' and one called 'Gain on Sale of Client List'.   Then, when you deposit the funds, allocate the funds as per the purchase agreement between goodwill and the client list. 

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