USA Reducing Cost vs. Income

[mnunez]

For accounting purposes, is it better to reduce client costs (categorized as an asset in QB's) or attorneys' fees (income). We are trying to help a client out by providing a discount and not sure whether to reduce fees or costs. Thanks in advance for the help.

 

[Samir]

It depends on what your goal is. One affects your balance sheet while the other changes your income statement for the year--which do you want to change?