6/ Accounts Receivable = Money Owed to You
Under Accrual Accounting, revenue is recorded when you invoice a customer—not when they pay you
Example:
• You invoice $10,00 on December 31, 2024
• The customer pays on January 31, 2025
Accrual Accounting records the sale in 2024, showing a more accurate view of revenue
Andrew Lokenauth
npub105…lu59e
2024-12-28 00:11:30 CET
in reply to nevent1q…dtqp
Author Public Key
npub1050hrq35yxtu64ssp0v2uuwsvwrrtk4zd2g6ml8yrf4wfww4ttgsalu59ePublished at
2024-12-28 00:11:30 CETEvent JSON
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