Ads
related to: what is prepaid revenue
Search results
Results From The WOW.Com Content Network
A deferred expense (also known as a prepaid expense or prepayment) is an asset representing costs that have been paid but not yet recognized as expenses according to the matching principle. For example, when accounting periods are monthly, an 11/12 portion of an annually paid insurance cost is recorded as prepaid expenses.
A deferred expense is similar to accrued revenue, where proceeds from goods or services delivered are recognized as revenue in the period earned, while the cash for them is received later. For example, if insurance is paid annually, 11/12 of the cost would be recorded as a prepaid expense, decreasing by 1/12 each month as the expense is ...
LegalShield (previously known as Pre-Paid Legal Services or simply Pre-Paid Legal) is an American corporation that sells legal service products direct to consumer through employer groups and through multi-level marketing [9] in the United States, and Canada.
Accrual - cash paid or received after consumption Expenses Prepaid expenses: for expenses paid in cash and recorded as assets before they are used Accrued expenses: for expenses incurred but not yet paid in cash and not yet recorded Revenues Unearned revenue: for revenues received in cash and recorded as liabilities before they are earned
Revenue-based financing relies on your revenue more than your creditworthiness to determine your eligibility for a loan. In some cases, it may be repaid through a percentage of your sales.
Advance payments are recorded as a prepaid expense in accrual accounting for the entity issuing the advance. Advanced payments are recorded as assets on the balance sheet.As these assets are used they are expended and recorded on the income statement for the period in which they are incurred.
Prepaid cards are issued by banks and financial service companies, and you only have access to the money you load onto them. You aren’t borrowing money or paying a deposit that acts as collateral.
Revenue of $703.2 million surpassed estimates of $673 million as well as management's guidance of $672 to $674 million. ... The company focuses on a freemium pricing model that enables users to ...
Ad
related to: what is prepaid revenue