There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.

When it comes to operating a business, some of the most important metrics to track include the amount of revenue coming through the door, and whether that's sufficient to pay for the various costs ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Another major issue in revenue accounting is when to recognize or record the revenue. A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to ...

Proper accounting is essential for businesses of any size. Inaccurate records can result in cash flow problems, tax penalties and loss of credibility, as well as missed growth opportunities. This is ...