Artificial Insight (AI) is revolutionizing the casino industry by optimizing functions, enhancing customer experiences, and improving safety strategies. In 2023, a document by Deloitte highlighted that AI technologies could boost operational effectiveness in gambling venues by up to 30%, permitting for…
The Evolution of Casino Loyalty Programs
Casino loyalty programs have changed significantly over the time, evolving from simple punch cards to complex digital systems that monitor player behavior and preferences. These programs are crafted to reward repeated visitors with multiple perks, including complimentary meals, hotel lodgings, and…
Tangible Assets: From Tangible Assets To Depletion Expense: The Lifecycle Of Pure Useful Resource Accounting
This requires a shift from short-term profit maximization to long-term sustainability goals. For instance, the idea of sustainable yield—the fee at which a renewable useful resource can be utilized without lowering its available supply—becomes a critical measure. In forestry, this may…
Re: How do I set up a contra account or control the natural balance of a GL account in Quickbooks ..
It is not a contra income account because that would be a debit whereas a reduction of an expense is a credit. The allowance for doubtful accounts – often called a “bad debt reserve” – would be considered a contra asset…