Accounting for Rent Payments
With cash accounting there is no accounts receivable. The landlord is posting the actual rent payment. This posting will increase the bank balance.
Fri, 12 Feb, 2016 at 8:27 PM
If rent is due on a lease the landlord may want to post the rent due. This is a accrual accounting and the amount is recorded as a accounts receivable. Ther...
Fri, 11 Mar, 2016 at 6:50 PM
When a Landlord has posted a accounts receivable for rent due and now wants to post the actual rent payment the Landlord will increase the bank balance. ...
Fri, 11 Mar, 2016 at 4:09 PM