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? 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
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 pro...
Sat, 23 Mar, 2019 at 4:07 PM
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
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
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
Revenue is recognized when earned and payment is assured Expenses are recognized when incurred and the revenue associated with the expense is recognized. ...
Sat, 19 Dec, 2020 at 2:53 PM
In the current 30 day period it is shown in the Rent Roll, as unpaid. For the current period and older periods, the Rent receivable amount is shown in t...
Sat, 19 Dec, 2020 at 2:58 PM