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Factoring accounts receivables escrow


 Joy
(@joy)
Joined: 2 years ago
Posts: 1
Topic starter  

I have a client who factored his accounts receivables.  Anyway, it was a bad deal and he ended up with a promissory note.  He was able to pay the promissory note off with a settlement. But this left a balance in the Factoring Escrow account. Does this balance become income?


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