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  • Posting Dummy Interest to QuickBooks

    Should revenue and expense for Dummy interest holders be posting to my QuickBooks accounts? And should revenue and expenses for owners "on hold" be posting to my QuickBooks accounts? (DMIE)

    Any owner with the word 'dummy' in the owner name should be recognized as a place holder the system will not post that portion to QuickBooks. Only net figures are posted to QuickBooks, not gross.

    If an owner is on hold, then their activity will be posted to QuickBooks. It will be cleared from Revenue Clearing and/or Expense Clearing like a normal distribution, but will post as a credit to the Owner Legal Suspense account instead of your bank account since they are not receiving a check.

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