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Child Support

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Child Support

Postby aduckfan on Sun Oct 28, 2007 1:59 pm

What type of account should a payment to the state for "Child Support" be set up to.
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Postby erickei on Mon Oct 29, 2007 10:09 am

That may be a question for your CPA, as it's potentially a legal/tax issue. Laws in your state/area may affect how something like that should be classified. Most likely it's going to be an Expense account called Child Support- name or something similar.[/i]
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Child Support

Postby aduckfan on Mon Oct 29, 2007 11:13 pm

erickei:
Thanks, that's the way I've had it catagorized in the past. Just checking. When I did a year to date report it stood out.
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