3 min read
Deferred Revenue vs. Accrued Revenue: Which One Affects Your Financials More?
3 min readUnderstanding deferred and accrued revenue is essential for accurate financial reporting. Deferred revenue refers to payments received before goods or services are delivered, while accrued revenue refers to earnings recognized before payment is received. Accrual accounting ensures revenue is recognized as earned, and expenses are recorded when incurred, regardless of cash flow. Properly […]Continue reading "Deferred Revenue vs. Accrued Revenue: Which One Affects Your Financials More?"