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March 29, 2017

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QuickBooks records revenue when an invoice is generated, even though cash has not been received." Is this practice acceptable? Why or why not?

  • math - ,

    I'd say yes. That's what Accounts Receivable are for -- waiting for cash flow to be realized.

    That's assuming the invoice is not generated until a purchase is confirmed.

    But, what do I know? I may be off base here.

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