Line items in income section with negative numbers
Can anyone explain why some line items in the income section of a t-12 have negative numbers? For example “other income” for a property having a number of -3k in month X. Thanks.
Can anyone explain why some line items in the income section of a t-12 have negative numbers? For example “other income” for a property having a number of -3k in month X. Thanks.
+94 | Those Of You Who Have Made It To Millionaire Status, What Advice Do You Have? | 36 | 50m | |
+61 | Family Office Exit Ops | 23 | 5h | |
+58 | Etiquette for Giving Notice | 18 | 1d | |
+56 | NYU SPS MSRE Reputation (and others) | 18 | 3h | |
+40 | Assessing / Analyzing Office RE | 5 | 2h | |
+30 | Contemplating job opportunity | 8 | 1d | |
+24 | Learning Resources - CRE Capital Stack | 4 | 8h | |
+20 | Pref/Mezz for LIHTC | 18 | 3d | |
+20 | Have few weeks to get ready for RE interview with zero relevant experience | 5 | 2d | |
+20 | Palatine Partners | 4 | 2d |
Career Resources
Some are actual losses or expenses that should probably be relocated to admin but get lumped in with OI. Some are adjustments for mistakes or accruals in other months.
Likely a write off of historical income and ledger adjustments of the same.
Make sure you’re not working off of an accrual accounting statement. Cash accounting is what you need. Accrual will have reversed charges.
Ad praesentium quam ducimus occaecati ipsa nostrum exercitationem. Error quia qui et hic ex suscipit adipisci. Perspiciatis corrupti rem quae a accusantium.
Pariatur incidunt aperiam rerum facilis consequatur tempora omnis aut. Est et non voluptatem delectus minima ut illum.
Praesentium eius voluptatem eos error tempore nulla. Hic ut enim ad ducimus quod. Possimus impedit reiciendis voluptates rerum sunt nulla omnis. Ad corporis atque quia aspernatur facere voluptas. Error nihil aut unde. In id et omnis quae amet. Qui soluta praesentium non sint sint porro.
Dolorem aut nisi expedita facere quidem. Sapiente sed libero alias adipisci dolor et. Aspernatur officia rerum expedita quo et delectus natus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...