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Updated over 2 years ago, 06/29/2022
How to categorize cash receive in refinance- bookkeeping
I've got a commercial property we just refinanced, held in an LLC. Part of the result of the refinance was extra cash. My questions seems simple but it is just evading me. As I am entering the transaction in my bookkeeping software I can't figure out how to categorize the cash deposited back into my checking account, it sure doesn't seem like income to me... Thanks for your input.