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What would be the cost of utilities per month on a 5000 square foot warehouse?
Wiki User
∙ 15y ago
You should expect to pay around 1000 dollars per month on this size of warehouse. A good rule of thumb to use is to budget for about 2 dollars per square foot annually.
Wiki User
∙ 15y ago
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Can you deduct the cost of utilities from your taxes?
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When do you Record an expense as a journal entry?
In accrual accounting, expenses are recorded as you get them, so say receive your Utilities Bill due the next month, you record it immediately.For example I have a $500 Utility Bill it's June 28th, the bill isn't due until say July 15th, the entry would be;Utility Expense (debit) $500Utilities Payable (credit) $500On July 15th when the bill is paid you adjust the entry as follows;Utilities Payable (debit) $500Cash (credit) $500In Cash Basis Accounting the expense isn't recorded on the books until the bill is actually paid and the entry would be;Utilities Expense (debit) $500Cash (credit) $500
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That will depend. Some people get paid every week, so they could have 4 or 5 pay days a month, which will differ from month to month. Some people get paid every 2 weeks, so they would have either 2 or 3 pay days in a month. Some people get paid once a month.
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Utilities in the house are described as solutions you would like to use and have to pay for to enhance your living style.
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The average cost per square foot for building a house in Wisconsin is about $110. This means a 1000 square foot house would cost about $110,000 to build.
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