In accrual accounting, your receivable balance is listed in the general ledger under current assets. When invoices are paid, finance credits the appropriate liabilities account and debits accounts receivable to account for the payment. Applicable late fees would also be accounted for as part of accounts receivable. Negotiate favorable ...
Imagine you run a small business that sells jewelry from a storefront. You have a store manager who is paid $2,000 at the end of each month, a cleaning service that forgets to bill you but charges $200 per month, and a $150 electricity bill coming soon. Your jewelry maker shipped you an order valued at $1,000 but the invoice got lost in the ...
Following submittal of the ITA, a Water Infrastructure Financing Section project manager will follow-up with the community to set up a discussion. The first step in the process for SRF funding, both Clean Water and and Drinking Water SRF, is the submission of a Request for Inclusion form, which can be submitted any time during the year. ...
Landlords factor in the costs that they are taking on under a gross lease into the cost of rent. There are advantages and disadvantages to this approach for each party. A triple net lease assigns sole responsibility to the tenant for all costs relating to the asset being leased, in addition to rent. The landlord includes the totals for ...
The life of the lease must be 75% or greater for the asset’s useful life. Adam Hayes is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New ...
In some cases, you can get your landlord to pay for some or all of the costs. If you can’t, you may be eligible for favorable tax treatment on the improvements that you wouldn’t get if you owned the building. The law for leasehold improvements changes frequently, but at the time of publication, you can depreciate leasehold ...