Accrual Accounting

How to - Accrual accounting
Since accrual accounting respects account receivable and account payable we see an accurate picture of a past period of time. Money owed but not paid is r...
Sat, 30 Sep, 2017 at 5:29 PM
What Is Accrual Accounting?
What Is Accrual Accounting? The accrual basis of accounting is basically the complete opposite of the cash method. Income and expenses are recorded when th...
Wed, 19 Apr, 2017 at 7:38 PM
Use Accrual Accounting for Rent Payments
Find the property name in the property journal. Click on the property name.  If you don't see the property go here. Click on the name of the pr...
Sat, 23 Mar, 2019 at 4:07 PM
Use accrual Accounting for Expenses
Accounts payable is part of accrual accounting for expenses. A invoice from a supplier or vendor should be entered as a post in the accounting as a reco...
Sat, 23 Mar, 2019 at 4:14 PM
Late Fee accural accounting
When a tenant is late and you use the late fee dialog box for charging this fee found in the Rent Roll page, the accounting package recognizes this as a Oth...
Sat, 29 Apr, 2017 at 11:12 PM
Post the actual rent payment with accrual accounting
Before starting this, you should have read the tutorial here. If you have done the previous tutorial you realize you have recognized the rent due. The w...
Sat, 23 Mar, 2019 at 4:25 PM
What is "Recognition" ?
Revenue is recognized when earned and payment is assured Expenses are recognized when incurred and the revenue associated with the expense is recognized...
Wed, 27 Dec, 2017 at 12:33 PM
How to see the Rent Receivable but not paid
In the current 30 day period it is shown in the Rent Roll, as unpaid. For the current period and older periods, the amount is shown in the Tenant Journa...
Sat, 23 Mar, 2019 at 4:28 PM