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Brksqd227

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Brksqd227

Re: mary777 post# 152592

Wednesday, 01/31/2018 1:39:31 PM

Wednesday, January 31, 2018 1:39:31 PM

Post# of 255669
That's only on cash basis accounting. Revenue is recognized at contract signing, revenue is realized when there is a financial transaction.

Revenue can show up on an income statement without actual cash in hand (on the balance sheet). So if you make a sale (or execute a contract) on Dec 31 2017, it should be included in q4 2017, even if money doesn't change hands on or after 1/1/2018.
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