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Hi guys, just had a question. Yesterday I was talking about minor expense recognition issue that came up. We cut a rent check for a material amount. The date of the check was 7.27.2017 and it was for august rent. It will not get deposited in July obviously. I moved the date in QB to August first so we don’t record it as a deposit, but the controller said that it can’t be moved since we cut it in July and that is not per GAAP. Any thoughts? Since it will not be cashed until August I think the money should still stay in cash account rather than in as a deposit since per GAAP the check must be cashed in order for it to be a deposit. Can someone shine some light on this? Also I told her let’s void and cut a check as of 8.01.17 she said not to worry about it.
AUD - PASSFAR - PASS
REG - PASS
BEC - PASS
BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD
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