Cash accounting means the operator does not enter the rent due from a transient on hotel records until the rent is paid.
Cash accounting means that the operator makes no entry on transient lodging facility records for rent due from a transient until the rent is paid.
Cash accounting means the operator does not enter the rent due from a transient on his/her records until rent is paid.
Examples of Cash accounting in a sentence
Cash accounting, including variations in 2019 forecasts to current legislation compared to 2018 initial forecasts), p.
Cash accounting records only cash payments and records them at the times these payments occur.
Cash accounting recognizes revenue and expenses only when money changes hands, but modified accrual accounting recognizes revenue when it’s available, and expenses when they’re due (but not paid).
Cash accounting can too easily neglect asset management, accumulating arrears, future liabilities (e.g., pensions), and contingent liabilities (e.g., guarantees).
Cash accounting fits the need for expenditure control, provided that it is complemented by an adequate system for registering commitments and reporting on arrears.
More Definitions of Cash accounting
Cash accounting means a system of accounting where the operator does not enter the rent due from a transient on the operator’s records until the rent is paid.
Cash accounting means a system of accounting in which the operator does not enter the rent due from a transient into the record until the rent is paid.
Cash accounting means the method according to which:
Cash accounting means a system of accounting in which the operator does not enter the rent due from a transient on its records until the rent is paid.
Cash accounting means an accounting system that recognises transactions and events when cash is received or disbursed;
Cash accounting means a system of accounting in which the operator does not enter the rent due from an occupant on his or her records until the rent is paid.
Cash accounting means the transient lodging tax collector does not enter the rent due from a transient on records until the rent is paid.