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.
BREAKING DOWN 'Bad Debt Expense'. Often times, bad debt expenses occur as a result of a customer being unable to fulfill its obligation to pay an outstanding debt, due to bankruptcy or other financial problems. However, this does not always necessarily mean that the entire amount owed will be written off.