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November 19, 2019
Question

Has anyone ever had to use royalties

  • November 19, 2019
  • 1 reply
  • 1 view
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1 reply

Level 5
November 19, 2019

Hi there, 

 

Since this is your first post in the Community. I'd like to give you a warm welcome!

 

I'd be glad to steer you towards the right direction with this. Royalties received are entered as income in QuickBooks while royalties given are recorded as an expense. For more info on how to handle royalties, I encourage you to reach out to your accountant. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to assist. :)