Antifragile
Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
461%
- Mar 15, 2018
- 3,753
- 17,300
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.This is great! Thank you. And yes, we’re gonna start working with an accountant now. Time to grow up !Check out: https://www.irs.gov/pub/irs-pdf/p538.pdf
It lists out revenue recognition for tax-purposes, which is dependent on your method of accounting (which you say is accrual), and depending on whether or not you have "applicable financial statements."
Join Fastlane Insiders.