Just so you understand, the FASB rule for software revenue recognition has changed..The change is still taking place but it is appears that Yippy has moved along with the new change appropriately in 2018.
For Year end 2017, when sales were made, software revenue was recorded the date the contract was signed, irrespective of whether or not there was additional work to be performed. That means that the receivable was booked along with the Revenue. As of YE 2018, customers may not have made a payment against those invoices. This happens with larger systems being installed. Example: Yippy recorded the Sale in 2017 but still has not collected as of 2018 due to the client not wanting to pay until 100% of the software is up and working. However the revenue in 2017 was correct. This is my assumption based on my accounting background. Thus a receivable being extended into 2018.
The new FASB became effective on 1.1.2018 with a change in revenue recognition reflecting a more "Judgment Basis" accounting methodology for recording software revenue. It is possible for Software Revenue recognition to be recorded not a the date of the sale but as the software hits various milestones along its installation.
Then add the cloud based accounting into the equation and then we are talking even more differences.
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