Business Records
Gross or net revenue depends on the company’s role in the sale
Revenue may be reported gross or as a fee depending on whether a company acts as principal or agent. Follow the promised service before comparing totals.
MODELS · PROCESS · PEOPLE
revenue recognition
Business Finance
A Customer Deposit Is Not Automatically Revenue Earned
Receiving a deposit improves cash on hand, but revenue recognition depends on the contract and work performed. Keep cash movements separate from earned revenue.