Bookkeeping Question - Credit Against Future Charges
Benjamin Soffer (SLF)
bsoffer at soffer-law.com
Sun Dec 18 15:09:12 EST 2016
Hello,
In the suite where my office is located, I have the right to use the common
conference room for a fixed number of hours per month. I have to pay an
hourly rate for use of the conference room when I exceed the fixed hours
limit. Recently, there was a huge problem with the telephone system in the
suite, so the landlord agreed to give me a substantial credit on his books,
which I can use only if and when I incur future charges for conference room
use (but not against regular future rent). How do I account for this credit
in my own books?
Thank you,
Ben
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