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Petroleum Restoration Program PRP Accounting Monica Brady & Derrick Woodard March 2017Welcome PRP Accounting processes: All invoices (PO's, LSI Work Orders, Other Obligations) Approximately 1000

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What is prp accounting?

PRP accounting stands for Percentage Rent Payment accounting which is a method used by landlords to calculate rent based on a percentage of a tenant's sales.

Who is required to file prp accounting?

Landlords who have agreements with tenants that include percentage rent requirements are required to file PRP accounting.

How to fill out prp accounting?

PRP accounting is typically filled out by landlords based on the tenant's sales reports. Landlords calculate the percentage rent due and invoice the tenant accordingly.

What is the purpose of prp accounting?

The purpose of PRP accounting is to ensure that landlords receive the percentage rent owed to them by tenants based on sales figures.

What information must be reported on prp accounting?

Information such as sales figures, percentage rent rate, calculation of percentage rent due, and any other terms specified in the rental agreement must be reported on PRP accounting.

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