Per Diem Rates. Calculation of travel per diem rates within the Federal government is a shared responsibility of three organizations: 1  The General Services Administration (GSA) prescribes rates for the Continental U.S. GSA updates the Continental U.S. rates once a year, or as necessary.alculation of travel per diem rates within the Federal government is a shared responsibility of three organizations:
How you account for your bad debts will depend upon whether you use the cash basis or the accrual basis of accounting. If you use the cash basis, you recognize income only when a payment is received.
Bad debts expense is recognized early because bad debts are probable and they can be estimated to a fairly accurate extent therefore they fulfill the criteria required for recognition of contingent losses and it is necessary to recognize bad debts expense.