I would definitely agree with it as long as the rental company pays out a 100% of the revenue.However, if the rental company is deducting the $40.03 from the re...
I thought the same thing but this is where my brain is going... when they receive the cash next month, they'll receive it for less than the total gross rental i...
You could do it that way but I always tell our clients to match revenue with COG in the same month, if possible. What I'm saying is... I would suggest you still...
Glad it helped!It looks like those operating expenses were paid by some other entity/person. As a result, I would book those $40.03 as a liability (it's a loan ...
Aaron,It looks like you're not booking the gross rental income, you're probably just booking the deposits (the net).If that's the case, I would make a Journal E...
