Hello,
Am filing 5500 and trying to see how to account for a profit share for 2017 that was made in Jan-2018. Since it was made in Jan-18, the Dec 31, 2017 balance does not account for this. My business tax did account for this in 2017 taxes.
So, question is - Should I add this amount to 2017 ending balance or should I account for in 2018?
Thanks,