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PIA customers-

can we send an invoice to a paid in advance customer(PIA), and book it as .... AR Dr unearned revenue Cr once we receive payment we will book... Cash Dr AR Cr then when we are ready to recognize revenue, we will book Unearned revenue Dr Revenue Cr Note : we are stream revenue since it is software rental business. Thanks

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Looks right... you just need to recognize the unearned based on the contract.

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