| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
|---|---|---|---|---|---|
| #7320 | Closed | public | Multifamily | Kathy Christensen |
|
Should administrative fees be included in account S1000-030 (Replacement reserve releases which are included as expense items on this profit and loss statement)? |
|
|
What type of Admin fees? What were they used for? From Beth: They are fees ($10) taken out by Wells Fargo for holding the replacement reserve. From Kathy: I discussed with Les. It doesn’t need to go on S1000-030, because it generally isn’t included on the P&L. That amount is just netted with the reserve on the cash flow. |
Write a reply
The ticket has been closed. If you feel that your issue has not been solved yet or something new came up in relation to this ticket, you can re-open it by clicking this link.