Hi - am hoping someone can help. The Uk entity purchased IP/division of the company and took a transfer of debt from our US operation prior to closing the US entity (The UK entity was a subsidiary of the US at the time but is now a standalone). The payment for the IP/transfer has been entered into the books - it amounted to the value of the IP but we took the debt too which are Notes payable (in US terms). Now we need to enter the debt we transferred/took over but bit by bit over a period of 8-10 years. Have wasted 2 days trying to figure out how to do this in QuickBooks. Can someone help please as want the books totally cleaned up before COB tomorrow given end of year. Thanks - and hey, happy new year people!