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accrual accounting and long term billing plansFrom: Kathryn Cooper Date: Friday, May 14, 2004
Time: 7:10:36 amHow do you all do utilize quarterly, annual, etc. .. billing plans when you
operate on an accrual accounting basis? If I put someone on a quarterly
plan, then three months of his revenue are going to be booked in a single
month which provides a skewed monthly accounting report. The best I can
come up with so far is to just put them on a monthly plan and let their
payment ride as a credit for the billing term. However, at the end of the
quarter, they then receive just a one month invoice rather than the
quarterly invoice they were hoping for. Ideas?
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