USA GAAP rules regarding billing one client for another clients work


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Hi all. I have a very stubborn Sales Rep who continues to try and bill one clients work under another clients account so that her projects look more profitable. I know this is wrong and am addressing this issue with her and the owners of the business next week. I am hoping someone can point me to the section of GAAP rules that supports my position so that I can present them. Anyone familiar enough with them to help point me in the right direction? Much appreciate.
 
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kirby

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GAAP does not cover ridiculous situations like this. You've pointed out the issue. Now let the owners decide.
 
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GAAP does not cover ridiculous situations like this. You've pointed out the issue. Now let the owners decide.
Hm. Okay, I was thinking that there must be something about recording bad debt accurately / revenue recognition. These are projects that we are not earning income on and are a complete loss. Thanks for your help though.
 

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