Consulting Business Accounts

dathome dathome at optusnet.com.au
Tue Dec 8 14:52:53 EST 2015


I need some advice on how to set up accounts for a consulting business. We
usually form lump sum contracts with our clients and then receive
progressive payment against this over the course of a year as work is
completed. What sort of account should be set up for the original contract
amount and what should be used for the progressive draw down of it?



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