No. It actually means that the cheque can be paid out only to a bank account and will not be paid out as cash to the person who has the cheque
It depends on what you are talking about. If you are talking about a cash flow statement, then dividends paid only reduces the net cash received from financing activities section. And you would only account for that if in the additional information section says something about paying cash dividends specifically.
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
a percentage of total cost of job
Accrual Accounting recognizes business transactions when they are occurred not when the related cash is received or a payment is made. Cash accounting is a completely opposite. In cash accounting transactions are recognized only when the related cash is received or paid.
How you are paid does not determine whether you are a contractor. If you are properly an independent contractor, you can be paid on a 1099.
A concrete contractor is paid between $60 and $95 per hour.
Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by the contractor and the company will then release the check to you.
Amish are always paid cash and cash only. They do not have bank accounts and do not work for employers who pay via check because they do not complete any yearly taxes.
Go to court and win.
Contractors are not paid a wage. They are paid by the job.
The Cash Basis Accounting method is the method used to record income (revenue) ONLY when cash is received and expenses ONLY when cash is paid out. Cash Basis Accounting does not conform to the GAAP and is not considered a practical accounting method.
Yes. You should have requested a release signed by each sub before you paid the builder. It's a system that sucks, but as a sub it's the only thing we can do to get paid.
No. It actually means that the cheque can be paid out only to a bank account and will not be paid out as cash to the person who has the cheque
Employee or contractor.
A contractor service agreement is an agreement between a contractor and a person or group that this contractor wishes to do work for. It states who the contractor and person or group is, the specifics of the job and timeline for the job, how much the contractor will be paid and what method of payment will be used to pay the contractor.
It depends on what you are talking about. If you are talking about a cash flow statement, then dividends paid only reduces the net cash received from financing activities section. And you would only account for that if in the additional information section says something about paying cash dividends specifically.