September 1, 2014 Principles of Accounting 13: Be on schedule

The Accounting department has a daily, weekly and monthly schedule that ensures compliance and smooth operation of the entities. This includes reminders and alert systems in various software packages, registers and checklists. However, we also appreciate the value of money in our bank account is valuable to us, so we do not pay too early.

Workbook: Download this 6 page (939Kb) PDF. Print in black-and-white, and add notes in the indicated places.

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Assignment

Money is more valuable to us in our bank account, than in someone else’s. When should payment be sent from our Ducth bank for these invoices:

* Wage Tax for July, due by August 30.
* Services from a Brazillian contractor, due by March 15.
* Goods from a Dutch supplier, due by September 1.
* Signed tax return for the company

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