Join Dan DeLong and Carrie Kahn as they dive into handling revenue recognition in QBO Advanced.
Revenue Recognition is a generally accepted accounting principle (GAAP) that defines how and when you recognize revenue.
For all businesses on an accrual basis, revenue is recognized when it’s earned, not when money is exchanged. A common scenario for this is a pre-paid or subscription service.
Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners.
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