Posting Revenue (Billed or Received)
I am an Owner Operator and I am looking at Profit Gauges. My question is when posting Revenue, do I post Revenue at the time I bill my customers or upon receiving the income. In particular when this spans over a month's end, i.e. If I bill a customer the last week of the month and receive payment the first week in the next month - which month do I post the revenue?
Is this a good question?