I acquired the clientele of another company/person and made arrangements with this person where I would make monthly payments to him for the acquisition of those clients. One of my clients is a CPA and she stated that my payments to this person/company is "Goodwill" and is an amortizable asset.
Up until now, I've simply entered the payment as a "Misc. Expense" in Zoho Books. How do I go about entering it as "Goodwill" and a amortizable asset?
Many thanks for any help!