USA Expensing Prior year CAM Charges - How to handle?


Joined
Jan 28, 2018
Messages
8
Reaction score
0
Country
United States
I recently received a CAM charge for the prior years lease. What are my options on how to record this? If I put it to rent - it will stray my trend for my rent account for the current year.
 
Ad

Advertisements

Joined
Mar 1, 2018
Messages
7
Reaction score
2
Country
United States
It's really up to the stakeholders on how they want to view the information. Either book it to rent and make a note on your trend analysis that the increase is due to prior year CAM or create a new sub account for the charges.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top