Accounting for Property Expenses
With cash accounting there is no accounts payable. The landlord is posting the actual expense payment. This posting will decrease the bank balance.
Fri, 12 Feb, 2016 at 9:01 PM
If a expense is due on a repair or utility bill the landlord may want to post the expense as a liability due. This is a accrual accounting and the amount is...
Fri, 21 Apr, 2017 at 6:48 PM
When a Landlord has posted a accounts payable for property expenses and now wants to post the actual expense payment the Landlord will decrease the bank bal...
Fri, 12 Feb, 2016 at 8:57 PM