What are the best practices for booking Shareholder disbursements in Acumatica? Should this be thru AP as Vendor payments?
Answer
Shareholder Disbursements
Best answer by Kandy Beatty
HI
Then do it as a straight vendor Bill, you can offset to their own account as well:
+4Someone can correct me if I’m wrong but this should fall under one of the boxes for 1099 payments
Actually, it looks like we are currently gathering feedback for implementing the 1099-INT
+17Hi
Are you actually cutting a check for them?
It could be handled as a Vendor Payment or you could do a journal entry. If you are doing just a journal entry, they can have their own account on the chart of accounts and you can do topsided journal entries.
A Vendor Payment would keep everything in Acumatica for accounting purposes however.
Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
+17HI
Then do it as a straight vendor Bill, you can offset to their own account as well:
Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
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