Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

Another major issue in revenue accounting is when to recognize or record the revenue. A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to ...

Many investors get intimidated by accounting concepts, but it's important to understand how a company brings in revenue, and how much of that money makes it to the bottom line in the form of profit.

What is the difference between deferred revenue and unearned revenue? Well, the short answer is that both terms mean the same thing -- that a business has been paid for goods or services it hasn't ...