How to recognize expenses incurred at year end but NO BILLS yet?
Question/Topic:
Hi, how do you recognize utilities at year end if wala pa ang bills? thanks
Anonymous Member
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Accrue at year-end since na-render na [y]ung service. Much better if [y]ung actual amount based sa actual bill [para] wala nang prior period adjustments laters.👌
Rico Paus Penta
For sure available na ng [J]anuary yung utility bill. Accrue nyo nalang po at year end pag meron ng bill. Anyway di pa naman po deadline for submission ang [FS] ng [J]anuary.
Jamhel Marquez
Request an estimate as of december 31. Yan ginagawa sa amin dito.
Joshua John Carlos
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