Tracking money coming in. Handle sales, discounts, and returns without inflating your income.
Revenue
Understand when to recognize revenue GAAP requires using the accrual method. This guide breaks down ASC 606, the five-step revenue recognition process, and the crucial difference between accrued revenue and deferred revenue.
Revenue
Learn how to accurately record journal entries for cash sales using double-entry bookkeeping. This guide covers journal entries for cost of goods sold, sales tax, and essential cash sales accounting principles to keep your books clean.
Revenue
Learn the essential journal entry for credit sales and master accrual accounting principles. We provide detailed credit sales journal entry examples, explain credit terms, and show you how to record the bad debt expense journal entry correctly.
