AccountingBLOCK - Accounting Forums

tonalin · 03-17-2008, 12:56 PM

I receive MArket Development Funds that are used for general purpose sales development for a specific product from a 3rd party company. This money goes into an LLC. How should I treat that from an accounting perpsective?

boolean · 03-17-2008, 01:06 PM

Of course that is income. It is being paid to your LLC that you own and it should be treated as income.

03-17-2008, 12:56 PM	#1 (permalink)
tonalin Status: n00b Join Date: Mar 2008 Posts: 13	Is this revenue? I receive MArket Development Funds that are used for general purpose sales development for a specific product from a 3rd party company. This money goes into an LLC. How should I treat that from an accounting perpsective?

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03-17-2008, 01:06 PM	#2 (permalink)
boolean Status: n00b Join Date: Mar 2008 Location: Florida Posts: 25	Of course that is income. It is being paid to your LLC that you own and it should be treated as income.

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