munirahalias
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Joined 6 years ago
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Paying third party on behalf of debtor
Hi. Our company is operating taxi@cab rental. If renters doesn't pay their rent, we will hire a repossession company to collect the car. After we got the car, we will pay the repo company ASAP. Some of renters will not retrieve the car but if renters want to retrieve the car, they have to pay all the rental in arrear plus repo cost. So if the renter paid $1000 directly into our company bank account which $400 for repo cost and $600 for rental, how do i account for this?Solved661Views0likes1CommentContra between sales and claim
Hi. I've been stuck with this situation for weeks now. Ok first of all, my company is operating taxi@cab rental. In the rental agreement, my company will bear all maintenance costs. So lets say, if the renter did some maintenance on the car and want to claim the cost but not in term of money, instead he want to set it off with his rental, how do i record it? Rental for 1 day $80 - paid $70 in cash I recorded it in Enter Sales and made a Receive Payment so the renter will have an open invoice of $10 Then he claim for maintenance Maintenance claim - $110 How do i set off the open invoice with the claim? How can i set off his next rental with the balance from the maintenance claim?Solved1.5KViews0likes2Comments