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SooS416

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SooS416

Re: Flettster post# 33447

Tuesday, 08/19/2014 4:58:51 PM

Tuesday, August 19, 2014 4:58:51 PM

Post# of 111920
That is not true, that is using the cash basis of accounting. All SEC filers must use US GAAP which is an accrual basis. You must have earned the revenue and assume that you will get paid, that is why there is AR, Revenue that has not been paid. You can also book revenue that you have not even invoiced yet, its called unbilled revenue
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