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Re: Aquahoya post# 38787

Tuesday, 08/31/2021 10:26:17 PM

Tuesday, August 31, 2021 10:26:17 PM

Post# of 41924
Earnings in excess of billing is money paid to the company and the company still needs to deliver the product. A deposit or progress payment.

Once the product is delivered, the amount listed in earnings in excess of billing is then transferred and listed under sales revenue.

If the buyer is financing the purchase through BrewBilt or owes a final payment, then the sale would be listed under accounts receivable.