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019-031 - Rent Received Internal

If a business owns the building or buildings which are being used by other departments within the business to conduct their business, then an internal rent recovery system should be implemented. This paper reviews the approach to the establishment of an internal rent received system and includes co ...Read more
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If a business owns the building or buildings which are being used by other departments within the business to conduct their business, then an internal rent recovery system should be implemented.

This paper reviews the approach to the establishment of an internal rent received system and includes commentary on the following:

  • Plan of premises
  • Establishing a comparable commercial rental
  • Monthly Standard Journal Entry to process the rent being charged