USA Reducing Cost vs. Income


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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.
 
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Samir

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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?
 

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