I think you are complicating things unnecessarily. I have a CPA who does my corporate tax return and he knows everything of where the company gets money. He never mentioned need for setting up an escrow account. Plus the corporation pays tax once a year.
Thank you.
>100 per month is recognized as revenue. The balance is held in something similar to escrow.
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>>I hope you enjoyed your trip to Mexico.
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>>I still don't understand what you mean by "claim". Say a customer pays me 1,200 at the beginning of the year (annual license fee). I would deposit this amount in the company checking account. Where does "claim" come into play here?
"The creative process is nothing but a series of crises." Isaac Bashevis Singer
"My experience is that as soon as people are old enough to know better, they don't know anything at all." Oscar Wilde
"If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too." W.Somerset Maugham
