following up on same above questions, I need clarification on this for the above data. I am super confused so will need help
Question
: When creating a budgeted vs actual IncomeExpenses for the quarter, do we only include data from April May June, since April is the new quarter?
: When creating an income and expenses, to calculate the total revenue, do we use the income from the forecast revenue from the given month, for example
April has or do we use the revenue received for the same month in the same month and in the following month and use remaining as a part of
revenue for the following month?
: while calculating expenses, do we calculate the revenue from the amount received in the same month? for example
Room COGS says of Room Revenue in the same month, so shall we do of or of
:under the expense, shall we put of the room revenue as a part of the given month's expenses and put as part of the following month's expenses or shall we put of expenses in the given month?
